Published on February 11th, 2020 | by Raychel O'Connell
Introducing: Daft Mortgages
Every day thousands of buyers visit Daft to search for their new home and we regularly gather feedback about our user’s experience. We discovered that 55% of first time buyers at the early stages of their buying journey don’t know their house budget yet. This can make searching for the right properties much more difficult.
This new Buying Power Calculator is different to many others in the market as it was specifically designed to help these types of buyers. It gives them a good indication of what their house budget is, taking into account a range of factors; from the value of the mortgage they can get to how much the Government’s Help to Buy incentive is worth to them.
Today we are delighted to release the first version of our calculator. We plan to gather feedback from our users to make it even better and easier to use. Anyone that completes the calculator also has the option of getting a call back from an experienced and qualified Daft Mortgages advisor.
This calculator is provided by Distilled Financial Services Ltd which is trading as Daft Mortgages. This is a sister company of Daft.ie and regulated by the Central Bank of Ireland. We took this step in order to be able to provide our calculator, fully advise our customers and refer them to partner lenders, if they wish.
Paul Monahan, Head of Financial Services said; “At Daft our mission is to empower people with information so they can make smart property purchases. Establishing a budget and getting a mortgage are difficult parts of the buying journey. We are working on making this easier, starting with a Buying Power calculator so our users can be more informed about their budget and one step closer to their perfect home”.