Irish Mortgage Guide
Everything you need to know about getting a mortgage in Ireland - from affordability to approval
How Much Can You Borrow?
Irish banks typically lend up to 3.5 times your gross annual income. This is set by Central Bank rules to prevent over-borrowing.
Quick Calculation Examples
First-Time Buyer Exception
First-time buyers can sometimes borrow up to 4 times their income, but this is subject to bank approval and stricter criteria.
Deposit Requirements
First-Time Buyers
Minimum deposit required
On a €300,000 home = €30,000 deposit
Second-Time Buyers
Minimum deposit required
On a €300,000 home = €60,000 deposit
Help to Buy Scheme
First-time buyers of new builds can claim back income tax paid over the past 4 years, up to €30,000 or 10% of property value.
Monthly Repayments
Your monthly repayment depends on three factors: loan amount, interest rate, and mortgage term (typically 25-30 years).
Example Monthly Payments (3.5% Interest, 30 Years)
| Loan Amount | Monthly Payment |
|---|---|
| €150,000 | €674 |
| €200,000 | €898 |
| €250,000 | €1,123 |
| €300,000 | €1,347 |
| €350,000 | €1,572 |
Mortgage Application Checklist
Additional Costs to Consider
Solicitor Fees
€1,500 - €2,500
Surveyor/Valuation
€150 - €300
Stamp Duty
1% of property value (exempt up to €500k for first-time buyers)
Home Insurance
€300 - €600 per year
Mortgage Protection Insurance
Varies by age and loan amount
Moving Costs
€500 - €2,000
Calculate Your Mortgage
Use our free mortgage calculator to see how much you can borrow and what your monthly payments will be
Try Mortgage Calculator