A mortgage is a type of loan. Banks provide financial assistance, and in return for providing finance to you, secure the loan facility by taking a mortgage over your property or in some cases properties.

Banks tend to lend based upon the valuation of the property being provided as security. In some cases, a personal guarantee of a third party may be required in order for the loan facility to be approved. You should discuss any guarantee with your solicitor, and obtain independent legal and financial advice in respect of the guarantee and its obligations.

Different loans are required for different purposes. We act on behalf of many Major Banks and Mortgage Brokers who will be able to assist you with your application for a home loan, commercial loan, taxi loan, construction loan or a petrol station loan.

There are a number of different places to get a housing loan:

• Banks.
• Building societies.
• Mortgage providers.
• Life insurance companies.
• Credit unions.

Possible costs and fees that may be payable when applying and obtaining finance include:

• Valuation fee;
• An application or establishment fee;
• Fees payable in connection with a panel solicitor preparing mortgage documents;
• Registration and stamp duty fees.

We recommend that you contact your solicitor to discuss your loan offer and any fees that you may be liable to pay.

At Shad Partners, we act on behalf of many Major Banks and Mortgage Brokers who can help you to find the right housing or commercial loan to suit your needs. If you require any further information, please contact us.

Contact Shad Partners.

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