How Much Can I Borrow?

How much can I borrow?
This is very much on a case-by-case basis.The maximum mortgage is generally 3.5 times your gross annual income and 80% of the property value.
However, this changes to 90% of the property value up to €220,000 for first-time buyers and 70% of the full property value for buy-to-let but these limits may vary.

What are the different types of mortgages?
In general there are a few types of mortgage products available in the market.

Fixed Mortgage
If you want to know exactly how much your monthly mortgage payments will be, you might prefer a fixed rate mortgage. With a fixed rate mortgage, the interest rate is fixed for an agreed period, which means your repayments will stay the same during this time.

Variable Mortgage
With a variable rate mortgage, the interest rate can change. This means that during periods of falling interest rates, the monthly repayments on a variable rate mortgage will also fall. However, if interest rates rise, so will your mortgage repayments.