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Do I qualify for an Irish mortgage?
To qualify for a
mortgage in Ireland, a calculation is used to establish whether you can afford to maintain the mortgage repayments. This will automatically happen when you complete the application form, and Mortgage
Helpline International won't charge you for this service.
How much can I borrow?
Calculation based on the valuation or purchase price, whichever is the lower
Up to 85% of LTV
available for house purchase, remortgage or home improvements
Based on joint gross, where joint income is applicable
Existing liabilities, e.g. mortgage or rental payments, loans, credit card
payments and maintenance are taken into account, together with the proposed Irish mortgage payments. All this must not exceed 35% of your monthly gross income
What evidence of income do I
need?
If you are employed:
Your last three month's payslips
Your latest P60
Employers Reference
Your last three month's personal bank statements
If you are
self-employed:
Your last three year's signed accounts
Your last two year's personal tax returns
Accountant's declaration
Copies of your last three month's personal bank
statements.
Example mortgage payments
If, for example, your gross joint monthly income is £2,500, 35% of this equates to £875. If your only liability is your mortgage payment, of say £300, this
would leave a balance of £575 for your Irish mortgage repayment.
What types of Irish mortgages are available?
For our latest rates and to see the different types of Irish mortgages on
offer, please contact us.
Loans available up to 80% of the property's value.
The maximum term of any mortgage is 25 years, this varies on the type of loan
Repayment and Interest Only mortgages
are available
The minimum loan you can take out is €150,000
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