When you ask us to lend you money we will make a decision based on your ability to repay (including capacity to repay at higher interest rates). When you apply for a loan we will ask you for information such as your income, expenditure, assets and liabilities. We may ask you for evidence of this information.
- Maximum loan to value of owner occupier residential properties - 90% of the purchase price or valuation, whichever is lower, and up to 80% loan to value is available for a studio apartment valued at €275,000 or above, or a one bedroom property. We do not lend for the purchase of studio apartments valued at under €275,000.
Lending levels are subject to monthly repayment burden, typically not exceeding c. 35% of borrower’s disposable income, and will vary according to individual circumstances.
Mortgage loan requests are considered on the basis of proof of income, financial status and demonstrated repayment capacity (including capacity to repay at higher interest rates). Mortgage loans are not available to people under 18 years.
If you do not provide us with the requested documentation, we will not be able to assess your application and credit cannot be granted.
The First Home Shared Equity Scheme helps people buying for the first time and people making a fresh start in their lives, to bridge the gap between what they can afford to pay for a home and its market value.
It’s a new scheme between the Government and banks, whereby you can apply for up to 30% of the value of a newly built property in a private development.
The scheme takes a % share, to make it a shared equity owned property, through combination of a traditional mortgage and equity. For more information on the First Home Shared Equity Scheme please visit www.firsthomescheme.ie
As part of the Governments Housing for All Plan, the Local Authority Affordable Purchase Scheme (LAAPS) has been introduced with the aim of supporting households which, using their combined deposit and their approved maximum mortgage, cannot afford the home at its open market value. Local Authorities will identify suitable customers and will agree a discounted purchase price with them for a new property, based on their affordability.
Through the scheme, a local authority takes a percentage equity stake (share of the ownership) in the home equal to the difference between the open market value of the property and the discounted price paid by the purchaser, for further information on the Local Authority Affordable Purchase Scheme please visit