Our Services

Dedicated Mortgage Specialists

Free and Professional Advice

Our advice is free and no obligation. We will help you through the mortgage process from the beginning right through to the drawdown of your mortgage and provide a handy mortgage checklist to ensure you have everything you need. We act on your behalf to package and present your application to the lender or lenders that you would like to apply to. We liaise with the lenders(s) until your funds are available to drawdown and are on hand to assist you with other related issues you may have e.g. legal or valuation processes. We are paid by the lending institutions once your loan is drawn down. Please see our Terms of Business for further information.

Choosing a Lender

The reason for you choosing a certain lender will depend on your requirements and circumstances, and we can advise you on what options you have. From standard mortgages through to Help to Buy and Buy to Let, we can help.

We will be able to assist you in understanding your eligibility, making your decision on the mortgage you would like to take and the information you will need to provide.

Different lenders have different lending criteria and also the Central Bank of Ireland (CBI) has certain lending rules to be adhered to so we can help you understand this, depending on what your personal situation and goal is.

How much can you borrow?

  • All borrowers are subject to 3.5 times’ salary rules and LTV (Loan to Value) restrictions, as per Central Bank of Ireland. 
  • A first-time buyer can borrow a maximum of 3.5 times salary. For example: a single earner with an income of €40,000 per year can borrow up to €140,000 (€40,000 x 3.5).
  • For a joint income application, both incomes are combined. For example, first applicant’s salary is €65,000 and second applicant’s salary is €35,000 – total income of €100,000. They can borrow up to €350,000 (€100,000 x 3.5).
  • The maximum LTV (Loan to Value) for first time buyers is 90%. For example, if a property value is €250,000, the maximum mortgage amount is €225,000 (apartments may have a lower LTV).
  • Second time buyers can borrow up to a maximum of 80% LTV (Loan to Value) and income rules above apply.
  • Increased loan amount (above the 3.5 times rule) OR increased LTV (for Second Time Buyers) can be considered on a case by case basis.

Top Tips

  • If you pay rent to either a landlord or family/at home, do ensure this is paid directly from your bank account by standing order/direct debit on a weekly/monthly basis to prove repayment ability.
  • Don’t miss any payments on any loans or credit cards and avoid using an overdraft on a regular basis.
  • Show savings on a weekly/monthly basis into separate account (i.e. savings/credit union account).
  • If you have a credit card, ensure at least the minimum payment is made on a monthly basis.
  • You should be aware that there are many costs involved in buying a home other than the obvious (stamp duty, solicitor fees, insurance, fit out of property etc) 
  • To increase the mortgage amount available to you, try to clear any loans you may have.

Help To Buy (HTB) Scheme for First Time Buyers

If you are a first-time buyer who either buys or self-builds a new residential property, you may qualify for an upfront payment based on a refund of income tax and DIRT paid over the previous 4 tax years, through Revenue.

If you are buying (or self-building) the property with someone else, they must also be a first-time buyer. You will not qualify if you have previously bought, built or inherited a property, either individually or jointly with anyone else.

The incentive only applies to properties that are bought or built as the first-time buyers home. It does not cover investment properties and cash buyers do not qualify.

You must take out a mortgage of at least 70% of the purchase price (or, for a self-build, 70% of the valuation approved by the mortgage provider).

With effect from 1st January 2017, the Help to Buy scheme only applies to properties costing €500,000 or less.

You must occupy the property for 5 years from the date that it is habitable.

Please see www.revenue.ie for further information. 

Mortgage Checklist

  • Valid photo ID (passport or drivers’ licence) 
  • Utility bill / bank statement (dated within the last 3 months) 
  • Confirmation of PPS number (payslip / public service card) 
  • 6 months, up to date current account statements
  • 6 months, up to date savings statements
  • Signed and stamped salary cert 
  • 3 months’ full payslips
  • Most recent P60 (now known as Employment Detail Summary) 
  • ICB report (free on www.icb.ie) 
  • Completed application form

Some banks may require additional documentation, and these may be requested before making an application, for example: 
  • 6 months, up to date mortgage / loan / credit card statements 
  • Additional P60s if bonus/overtime etc is to be applied 
  • Signed gift letter 
  • Stamp 4 
  • Help to Buy confirmation 
  • Marriage cert
Share by: