<h2>Getting a mortgage in Northern Ireland<\/h2>\r\nIf you\u2019re looking for a mortgage in Northern Ireland, it\u2019s important to start off with the right advice. Fewer lenders are based there compared to mainland UK, and that means the best rates and deals are more difficult to come by without the help of an expert.\r\n\r\nBut the good news is that we can introduce you to a whole-of-market broker for free. The advisors we work with know exactly which lenders to turn to for mortgages in Northern Ireland, and speaking to them before you begin could save you time and money.\r\n\r\nIn this article, you\u2019ll find the following topics\u2026\r\n<ul>\r\n \t<li><a href="#get-mortgage-ni">Can I get a mortgage in Northern Ireland?<\/a><\/li>\r\n \t<li><a href="#how-to-get-mortgage-ni">How to get a mortgage in Northern Ireland<\/a><\/li>\r\n \t<li><a href="#deposit-needed">What deposit do I need?<\/a><\/li>\r\n \t<li><a href="#five-deposit">5% deposit mortgages in Northern Ireland<\/a><\/li>\r\n \t<li><a href="#pay-stamp-duty">Will I have to pay Stamp Duty?<\/a><\/li>\r\n \t<li><a href="#criteria-conditions">Mortgage criteria and conditions in Northern Ireland<\/a><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li><a href="#income-affordability">Income and affordability<\/a><\/li>\r\n \t<li><a href="#how-much-you-can-borrow">How much can I borrow?<\/a><\/li>\r\n \t<li><a href="#calculators-NI">Mortgage calculator in NI<\/a><\/li>\r\n \t<li><a href="#rates-NI">Mortgage rates in Northern Ireland<\/a><\/li>\r\n \t<li><a href="#mortgage-types-ni">What kind of mortgages are there in Northern Ireland?<\/a><\/li>\r\n \t<li><a href="#credit-issues-ni">Can I get a mortgage with credit issues?<\/a><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li><a href="#schemes-ni">Mortgage schemes in Northern Ireland<\/a><\/li>\r\n \t<li><a href="#secured-loans">Secured loans<\/a><\/li>\r\n \t<li><a href="#large-loans">Large loans<\/a><\/li>\r\n \t<li><a href="#second-homes-ni">Mortgages for second homes in NI<\/a><\/li>\r\n \t<li><a href="#remortgages-northern-ireland">Remortgaging in Northern Ireland<\/a><\/li>\r\n \t<li><a href="#expert-broker">Why speak to an expert Northern Ireland mortgage broker?<\/a><\/li>\r\n<\/ul>\r\n[feefo-banner]\r\n<h2 id="get-mortgage-ni">Can I get a mortgage in Northern Ireland?<\/h2>\r\nYes, it\u2019s certainly possible! As Northern Ireland forms part of the United Kingdom, there are no restrictions on British nationals buying property there. Typically, NI mortgages are issued on a repayment basis, with the average term length being between 10 and 25 years.\r\n\r\nAs we\u2019ve already touched on, fewer lenders operate in Northern Ireland compared to England and Wales, and the ones which do cover there usually have postcode restrictions.\r\n\r\nWith this in mind, seeking specialist advice from a whole-of-market broker, like the ones we work with, is the most effective way to ensure you end up with the best available deal.\r\n<h2 id="how-to-get-mortgage-ni">How to get a mortgage in Northern Ireland<\/h2>\r\nAs you can see, there are many different mortgage products available in Northern Ireland and fewer lenders offering them compared to England and Wales, so the most favourable interest rates on the market can be more difficult to come by.\r\n\r\nWith this in mind, the best way to apply for a mortgage in Northern Ireland is through a whole-of-market broker, like the ones we work with.\r\n\r\nThat way, you can rest assured that you\u2019ll have access to all of the best deals that you qualify for. And that could mean saving time, money and potential disappointment.\r\n<h2 id="deposit-needed">How much mortgage deposit do you need?<\/h2>\r\nLenders\u2019 deposit requirements in Northern Ireland can vary from one provider to another, depending on the level of perceived risk the deal carries. Generally speaking, the more deposit you're able to put down, the better your chances of landing favourable rates, but the minimum you're likely to be approved with by most mortgage lenders is 10% of the property's value.\r\n<h2 id="five-deposit">Can you get a 5% deposit mortgage in Northern Ireland?<\/h2>\r\nYes. Although most lenders prefer customers with <a href="#deposit-needed">10% deposit<\/a>, there are ways and means to get a mortgage in Northern Ireland with just 5% deposit, even if you're a first-time buyer, and they include...\r\n<ul>\r\n \t<li><strong><a href="https:\/\/www.onlinemortgageadvisor.co.uk\/blog\/mortgage-guarantee-scheme-2021-everything-you-need-to-know\/">The 20201 mortgage guarantee scheme<\/a>: <\/strong>95% LTV mortgages are available across the UK, including Northern Ireland, through this scheme. They will be offered by high street lenders who are assessing applications in line with their standard eligibility criteria, with the government sharing the risk by guaranteeing a portion of each loan.<\/li>\r\n \t<li><strong><a href="https:\/\/www.onlinemortgageadvisor.co.uk\/blog\/accord-95-ltv-mortgage\/">New 95% LTV mortgages<\/a>:\u00a0<\/strong>A select few lenders have reintroduced 95% LTV products to their range since the beginning of the coronavirus pandemic and made them available in Northern Ireland outside of the guarantee scheme. Some of these deals are only available through a mortgage broker.<\/li>\r\n \t<li><strong>Guarantor mortgages:\u00a0<\/strong>Could be a fallback option for borrowers with 5% deposit made up of their own funds and a family member who's willing to support them to boost their eligibility and creditworthiness. Read more in our <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/guarantor-mortgages\/">guide to guarantor mortgages<\/a>.<\/li>\r\n<\/ul>\r\n<h3 id="100-mortgages">Can I get a 100% mortgage in Northern Ireland?<\/h3>\r\nYes. In rare cases it may be possible for prospective borrowers to apply for <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/deposits\/no-deposit-mortgages\/">100% mortgages with no deposit<\/a>, although these deals are usually reserved for people who have a guarantor behind them - you can read more about this later in this article.\r\n<h2 id="pay-stamp-duty">Do I need to pay stamp duty?<\/h2>\r\nIf your Northern Irish property <a href="#less-than">costs less than \u00a3125,000<\/a> you won\u2019t have to pay Stamp Duty Land Tax (SDLT). However, if the value of mortgaged property in NI - and the rest of the UK - is over \u00a3125,000, SDLT is payable to the Inland Revenue.\r\n\r\nCalculated as a percentage of the full value of the freehold property or the purchase price of the lease (lease premium), the percentage you will pay is graded as follows:\r\n<ul>\r\n \t<li id="less-than">0% on properties between \u00a30 \u2013 \u00a3125,000<\/li>\r\n \t<li>2% on properties between \u00a3125,000 and \u00a3250,000<\/li>\r\n \t<li>5% on properties between \u00a3250,000 and \u00a3925,000<\/li>\r\n \t<li>10% on properties between \u00a3925,000 and \u00a31,500,000<\/li>\r\n \t<li>12% on properties over \u00a31,500,000<\/li>\r\n<\/ul>\r\nYou can find out whether it's possible to <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-application\/does-your-mortgage-cover-stamp-duty\/">add stamp duty to your mortgage<\/a> in our standalone guide.\r\n<h2 id="criteria-conditions">Mortgage criteria and conditions in Northern Ireland<\/h2>\r\nWhen you look into getting a mortgage in Northern Ireland you will generally find that the level of borrowing cannot exceed around <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/3-times-income\/">three times your gross annual salary<\/a>.\r\n<h3>Joint mortgages<\/h3>\r\nFor those looking to get a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-application\/joint-mortgages-in-the-uk\/">joint mortgage<\/a>, the Northern Ireland mortgage market is similar to most other countries. The amount you can borrow would likely be capped based on a multiple of the applicants\u2019 combined salaries, some mortgage lenders may allow a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-application\/mortgage-with-multiple-applicants\/">joint mortgage with 3 applicants<\/a> but may cap the income as mentioned above.\r\n\r\nMost mortgage providers will lend up to 4.5 times joint income, some 5x and a minority 6x. While there are still many providers offering a wide range of mortgage options, there are fewer lenders in Northern Ireland than you might find in England, so your choice maybe a little more limited.\r\n\r\nThere may also be more postcode restrictions (postcode lending) in Northern Ireland, so bear this in mind when researching locations, alongside the usual considerations such as local amenities and leisure facilities.\r\n<h2 id="income-affordability">Income and affordability<\/h2>\r\nWhen applying for a mortgage in Northern Ireland, you will need to provide proof of income in the form of bank statements and payslips if you\u2019re in full time employment. If you\u2019re wanting to apply for a\u00a0 <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/self-employed-mortgages\/">self-employed mortgage<\/a>, most lenders require two to three years\u2019 worth of accounts.\r\n<h3>What other mortgage criteria do lenders in Northern Ireland have?<\/h3>\r\nOther mortgage criteria in Northern Ireland that will be considered will be your credit history and how long you\u2019ve been in your job.\r\n<h3 id="northern-ireland-age">Will I encounter age limits when applying for a mortgage in Northern Ireland?<\/h3>\r\nNorthern Ireland mortgage approvals are also based on age - as is the same across the rest of the UK. Generally speaking, mortgages are available up until the age of 70, although <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgages-for-pensioners\/maximum-mortgage-age\/">maximum ages will vary by lender<\/a>.\r\n<h2 id="how-much-you-can-borrow">How much can I borrow for a mortgage in Northern Ireland?<\/h2>\r\nSee the <b><a href="#criteria-conditions">\u2018criteria and conditions<\/a>\u2019 <\/b>section for a breakdown of how a lender will calculate this or send an <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-specialist-broker">enquiry<\/a> to one of the expert brokers we work with for accurate advice and the best NI mortgage rates.\r\n<h2 id="calculators-NI">Mortgage calculator<\/h2>\r\nIf you\u2019re looking to calculate your mortgage for a property in Northern Ireland, an online mortgage calculator may seem an attractive prospect. However, an NI mortgage calculator or generic eligibility checker is unlikely to factor in the specific eligibility requirements of each lender.\r\n\r\nWhile they can act as a helpful guide, we strongly advise you speak to one of the NI mortgage brokers we work with. They will run through all requirements and eligibility factors so you\u2019re not disappointed further down the line.\r\n<h2 id="rates-NI">How do I get the best mortgage interest rates?<\/h2>\r\nMortgage rates vary by lender, area and your circumstances so you will want to compare mortgages in NI before choosing a specific mortgage provider.\r\n\r\nSpeak to one of the expert Northern Ireland mortgage brokers we work with for up-to-date rates and the best deals - this is the best way to make sure you end up with the most favourable rates, since they\u2019re whole of market and have access to every lender. What\u2019s more, we can introduce you to them for free.\r\n<h3>How do I compare mortgages?<\/h3>\r\nThe best way to do this is to <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-specialist-broker">make an enquiry with us<\/a> and have the whole-of-market experts we work with compare deals for you. They can scour the market for the best deals that you qualify for and introduce you to the lender offering them.\r\n\r\nThis is a better alternative to using online rates tables, which aren\u2019t tailored to your needs and often given prominent placement to sponsored products. There is a range of different mortgage types on offer in Northern Ireland, including...\r\n<h3 id="fixed-rate-ni">Fixed rate mortgages<\/h3>\r\nWith a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/fixed-rate-mortgages\/">fixed-rate mortgage<\/a>, the interest rate you pay stays the same for a set period, even if general interest rates go up or down. This means you can plan your budget with confidence.\r\n<h3 id="variable-rate-ni">Variable rate<\/h3>\r\nThe interest rate you pay fluctuates according to how your lender reacts to money market interest rate changes.\r\n<h3 id="standard-variable-rate">Standard variable rate<\/h3>\r\nThe <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/standard-variable-rates\/">standard variable rate (SVR)<\/a> is the normal rate of interest offered on a mortgage by the lender. Mortgage schemes such as <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/standard-variable-rates\/discounted-variable-rate-mortgages\/">discounted mortgages<\/a> are often linked to the SVR.\r\n<h3 id="discounted-rate">Discounted rate<\/h3>\r\nThere is a guaranteed reduction in the standard variable rate, which gives you the benefit of lower monthly payments for a period of time.\r\n<h3 id="capped-rate">Capped rate<\/h3>\r\nThe interest you pay is capped at a top level - you never pay more than the capped rate, but you can still benefit if the standard variable rate decreases.\r\n<h3 id="tracker-rate">Tracker rate mortgages<\/h3>\r\nFor <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/tracker-mortgages\/">tracker rate mortgages<\/a> the interest rate is directly linked to <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/best-mortgage-rates-uk\/best-tracker-mortgage-rate\/">another rate<\/a> \u2013 typically the Bank of England\u2019s base rate.\r\n<h3 id="annual-interest">Annual interest<\/h3>\r\nMost mortgages lenders charge interest annually in advance, meaning that if you make a substantial repayment to reduce your mortgage, you need to time the date of your payment, or make an arrangement with your lender, to ensure you\u2019re not giving them an interest free loan until your next interest calculation date.\r\n\r\nInterest is usually re-calculated daily until your payment date when you pay off your mortgage entirely, although some products recalculate monthly.\u00a0 Some products now calculate all interest charges daily.\r\n<h2 id="mortgage-types-ni">What kind of mortgage products are there in Northern Ireland?<\/h2>\r\nThere are many different types of mortgages available to all types of customer. Read on for information about them\u2026\r\n<h3 id="let-to-buy">Let to buy mortgages<\/h3>\r\nA <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/buy-to-let-mortgages\/let-to-buy-mortgages\/">let to buy mortgage<\/a> enables you to remortgage a property you own onto a BTL deal to release some of the equity you hold, with a view to putting it towards the purchase of your next home.\r\n\r\nLet to buy mortgages are available in Northern Ireland and these products can be useful if you need to move to a bigger house or are relocating for work, or when the climate isn\u2019t right to sell. With a let to buy mortgage you may be able to let out your property, with a view to a later sale or to keep as an investment.\r\n<h3 id="self-certification-mortgages">Self-certification mortgages<\/h3>\r\nThese were very popular some years ago, especially with people who were self-employed or those who were looking to get a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/income-types\/contractor-mortgages\/">mortgage as a contractor<\/a>, but since the collapse of the banking industry, they were banned in the UK and are no longer available.\r\n<h3 id="expatriate-mortgages">Mortgages for expats<\/h3>\r\nExpatriate or <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/uk-expat-mortgages\/">\u201cex-pat\u201d mortgages<\/a> apply if you are a British national working abroad and are looking to buy a home in the UK. The maximum loan to value for this type of mortgage is usually 75%.\r\n<h3 id="flexible-mortgages">Flexible mortgages<\/h3>\r\nHaving a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/offset-mortgages\/flexible-mortgage\/">flexible mortgage<\/a> means that you can pay more than the stipulated monthly mortgage repayment, thus allowing you to pay off your mortgage quicker. In addition, you can also request a break from your regular monthly payments if you are experiencing short-term financial difficulty, though this will be at the lender\u2019s digression.\r\n\r\nA flexible mortgage is ideal if you aren\u2019t on a fixed income or if need more versatility in your mortgage arrangements. However, flexible mortgages rates in Northern Ireland tend to also include variable interest rates, meaning your monthly payments will not be fixed.\r\n\r\nSome lenders provide all-in-one accounts where savings and borrowed monies are put into one account in order to reduce the level of borrowing.\r\n<h3 id="cash-back-mortgages">Cash-back mortgages<\/h3>\r\nA <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/offset-mortgages\/cash-back-mortgages\/">cash-back mortgage<\/a> means the lender will offer you a cash gift for taking out a mortgage with them.\u00a0 The cash gift is usually payable one month after taking out or on completion of the loan. This cash bonus may be useful if you need to make minor repairs or decorate your new property.\r\n<h3 id="btl-mortgages">Buy-to-let mortgages<\/h3>\r\nIf you\u2019re looking for an investment mortgage in Northern Ireland, see our <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/buy-to-let-mortgages\/">guide to buy-to-let mortgages<\/a> for detailed information.\r\n<h3 id="self-build-mortgage">Self-build mortgages<\/h3>\r\nWe have all the details on <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/self-build\/self-build-northern-ireland\/">self-build mortgages in in Northern Ireland<\/a> in our guide.\r\n<h3 id="unique-properties">Non-standard construction mortgages<\/h3>\r\nEvery lender is different but many don\u2019t accept property that\u2019s non-standard, unique, or a\u00a0<a href="\/property-types\/mortgages-on-listed-buildings\/">listed building<\/a>; generally because of concerns that they\u2019re higher risk and less sellable.\r\n\r\nHowever, some mortgage providers in Northern Ireland are happy to consider a wide range of property types - for more information on this see our <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/property-types\/non-standard-construction\/">non-standard property section<\/a> or speak to one of our experts who will be able to give you details on Northern Ireland mortgage lenders.\r\n<h2 id="credit-issues-ni">Can I get a mortgage with bad credit?<\/h2>\r\nIt can be daunting to start the mortgage search process if you have an adverse credit history, or are <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/remortgages\/negative-equity-mortgages\/">currently in negative equity<\/a> and struggling to keep up with your repayments on an existing property. Take a look at our information on <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/how-to-get-a-mortgage-with-bad-credit\/">bad credit mortgages.<\/a>\r\n<h2 id="schemes-ni">Mortgage schemes in Northern Ireland<\/h2>\r\nIf you want to buy a house but can't afford a deposit, there are several government schemes that can help customers with their first-time mortgage in Northern Ireland.\r\n<h3 id="htb-northern-ireland">Help to Buy<\/h3>\r\nThe Help to Buy loan program is a government initiative that provides financing to prospective homeowners who have the income to make loan payments but are struggling to save a mortgage deposit.\u00a0 <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/help-to-buy-mortgages\/">Help to buy mortgages<\/a> in NI closed to new applicants in 2016.\r\n<h3>Right to Buy<\/h3>\r\nIf you are a council, housing association, NHS or other public sector tenants, and have been in your home for over five years, you may be able to buy your home for less than its market rate. The maximum <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/right-to-buy-mortgages\/">Right to Buy<\/a> discount in Northern Ireland is \u00a324,000.\r\n\r\nYou can apply with someone else who shares the tenancy with you, or with up to three members of your family if you\u2019ve lived together for the last year or more.\r\n\r\nHowever, if you sell the property within five years you will have to pay back some or all of the discount, plus a share of any profit.\r\n<h3 id="shared-ownership-northern-ireland">Co-ownership\/Shared Ownership<\/h3>\r\nA <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/shared-ownership\/">shared or co-ownership mortgage<\/a> is a government scheme to help lower-income households onto the property ladder - you split the purchase with your local housing association. NI co-ownership mortgage lenders usually only require 5% of the property's value as the deposit.\r\n<h3 id="rent-to-buy-northern-ireland">Rent-to-buy mortgages<\/h3>\r\nRent to buy mortgages allow people who would like to own a newbuild property, but perhaps aren\u2019t in the position to do so currently, to choose a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/new-build-mortgages\/">new build<\/a> property (up to the value of \u00a3165k) that they\u2019ll rent for up to 3 years.\r\n\r\nAt the end of the 3 years (or sooner in some cases, as long as they\u2019ve rented for at least 12 months), 20% of the rent they\u2019ve paid is refunded back to them, which they then use towards the deposit to purchase the property.\r\n\r\nRent to buy properties are not available everywhere, but you can make an enquiry and one of our advisors can provide you all the information you need on rent to buy mortgages in Northern Ireland.\r\n<h3 id="guarantor-mortgages-ni">Guarantor mortgages<\/h3>\r\nPerhaps you are looking for a guarantor mortgage in Northern Ireland? While there is a risk to the guarantor if you default on your mortgage payments, you might be more likely to get a mortgage and be able to borrow more or at a better interest rate.\r\n\r\nWith a guarantor mortgage you can borrow up to 100% of a property's value, with the most you can borrow in cash terms being \u00a3500,000.\r\n<h2 id="secured-loans">Secured loans in Northern Ireland<\/h2>\r\n<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/second-charge-mortgages\/">Secured loans<\/a> are also known as \u201csecond mortgages\u201d or \u201csecond charges\u201d. In general, secured loans can be much more flexible than standard residential mortgages you\u2019d get in NI.\r\n\r\nHowever, these are only for people borrowing more money - you can\u2019t usually purchase a property on a secured loan - and are almost always secured over the top of a main mortgage. Loan to value can be as much as 95% and there may be a few happy to go up to 120%, although usually at a much higher interest rate.\r\n\r\nThese lenders do not enforce the same caps you\u2019d expect from your typical residential mortgage, so you may be able to borrow over ten times your income.\r\n\r\nSecured loans can also be beneficial for those who want to borrow more but keep their existing mortgage in place, for instance, if it\u2019s a great deal or you\u2019re unable to refinance or want to <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/interest-only-mortgages\/change-repayment-to-interest-only\/">switch to an interest-only mortgage<\/a> for your NI property.\r\n<h2 id="large-loans">Large mortgage loans in Northern Ireland<\/h2>\r\nGenerally speaking, <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/large-mortgage-loans\/">large loans<\/a> are considered to be those over \u00a3500k. It can be a more restrictive market when looking at larger loans, though all lenders have different criteria around this. LTV ratios for large mortgages can vary, but they are typically anywhere between 70% and 95%, depending on the size of the mortgage.\r\n\r\nAs a rule of thumb, the larger the mortgage, the lower the LTV available.\r\n\r\nFewer adverse credit lenders offer large loans, with many specialist bad credit lenders capping at \u00a3500k. Some cap at \u00a3750k and a few will go over \u00a31m by exception \u2013 in this instance it is imperative to seek out the advice of a mortgage specialist.\r\n<h2 id="second-homes-ni">Second home mortgages in Northern Ireland<\/h2>\r\nSecond homes (e.g. to live in while you work during the week, or <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/buy-to-let-mortgages\/holiday-lets\/">holiday homes<\/a>) are treated as second residences and are calculated using personal income and affordability. Most lenders look at LTV on both the current main residence and the new one being purchased.\r\n<h3>How much deposit will I need?<\/h3>\r\nSome providers request more deposit for the purchase, whereas others will want at least 15-20% equity in the current main residence. A few will ignore the current main residence and only require 15% deposit on the new purchase, and a handful will accept 10%.\r\n\r\nThe current mortgage will be considered when assessing affordability for the new mortgage. Income and affordability is also assessed in the same way as main mortgages with multiple income caps.\r\n\r\nFor those with adverse credit there are there are fewer lenders offering second home mortgages at higher LTVs, so it can be more restrictive if you don\u2019t have a sizeable deposit or equity in your main property.\r\n<h2>Agricultural mortgages in Northern Ireland<\/h2>\r\nFarm mortgages in Northern Ireland are a niche category and are usually provided by specialist commercial lenders. They are assessed and work differently to residential mortgages and specialist advice is recommended before proceeding.\r\n\r\nYou can read more about on our <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/commercial-mortgages\/mortgages-for-land\/">agricultural mortgages page<\/a> and find our <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/commercial-mortgages\/">guide to commercial mortgages here<\/a>.\r\n<h2 id="remortgages-northern-ireland">Remortgaging in Northern Ireland<\/h2>\r\nIs your deal about to end? Do you want to switch from<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/interest-only-mortgages\/change-interest-only-to-repayment\/"> interest-only to a repayment mortgage<\/a>? Perhaps you want to <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/remortgages\/remortgaging-for-home-improvements\/">remortgage for home improvements<\/a> or release equity for other purposes such as <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/remortgages\/debt-consolidation-mortgages\/">debt consolidation<\/a>.\r\n\r\nThere are many reasons people might want to remortgage their property, including <a href="\/remortgages\/remortgage-to-pay-off-debt\/">remortgaging clear debt<\/a>.\r\n\r\nThere are a few factors to consider when thinking about remortgaging your property:\r\n<h3 id="remortgage-deals">How to find the best Remortgage deals in NI<\/h3>\r\nIt\u2019s definitely worth shopping around for the best NI remortgage deals, or better yet, have one of the whole-of-market brokers we work with do it for you.\r\n\r\nWhile in the past it was complicated, these days it\u2019s very easy. However, make sure your switch will be a no-cost deal with your new lender covering the expenses.\r\n<h3 id="remortgage-comparison">Remortgage comparison<\/h3>\r\nWhen making a remortgage comparison in NI be sure to check the interest rate and monthly cost and again, make sure the new lender will cover any transfer costs.\r\n\r\nMortgage rates in NI can vary a lot by postcode, so checking your area with one of our advisors will ensure you have all the facts.\r\n<h3 id="remortgage-calculator">Remortgage calculator<\/h3>\r\nIn the first instance you might want to check a remortgage calculator, but don\u2019t rely on this as 100% accurate information.\r\n\r\nThe best way to find all the information you need and the get best remortgage rates in Northern Ireland, speak to one of the expert brokers we work with.\r\n<h2 id="expert-broker">Why you should speak to an expert Northern Ireland mortgage broker<\/h2>\r\nWe\u2019ve helped over [customers_helped] people find the right mortgage, even applicants in Northern Ireland who have been declined a mortgage or have bad credit history.\r\n\r\nIn fact, our customers consistently rate us 5 stars on Feefo, mainly due to our high levels of service, but also because we offer offers a 5-star service with access to expert brokers who specialise in the Northern Irish market and are:\r\n<ul>\r\n \t<li>Whole of market.<\/li>\r\n \t<li>Can offer bespoke advice to customers buying in Northern Ireland<\/li>\r\n \t<li>Have a working relationship with all lenders, including independent mortgage brokers in Northern Ireland.<\/li>\r\n \t<li>Already know the lenders to go to as they have successfully arranged mortgages in NI.<\/li>\r\n \t<li>Are OMA Accredited advisors.<\/li>\r\n \t<li>Have completed a 12 module LIBF accredited training course.<\/li>\r\n<\/ul>\r\n<h2>Talk to a NI mortgage expert today<\/h2>\r\nIf you have questions about the Northern Ireland property market\u00a0and want some quotes for the best offers for your circumstances, call Online Mortgage Advisor today on 0808 189 2301 or <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-specialist-broker">make an\u00a0enquiry<\/a> to discuss your options. Then sit back and let us do all the hard work in finding the broker with the right expertise for your circumstances.\r\n\r\nRemember, applying for a mortgage through a specialist broker could save you time, money and unnecessary marks on your credit file. We don\u2019t charge a fee and there\u2019s absolutely no obligation or marks on your credit rating.