Loan to Value (LTV):

Generally a bank will lend 92% of the purchase price of a proprty (i.e. LTV 92%). So therefore in purchasing a house costing €200,000, the bank could provide up to €184,000 of the purchase price leaving the applicant with a €16,000 deposit due.

Affordability:

All loan applications are individually assessed on the basis of how much after tax income is available for loan repayments and meet financial commitments including standard household expenditure.

Mortgage repayment as a percentage of after tax income should generally fall within range of 30% - 45%.

The standard household expenditure* is deemed to be to the order of 1600 per month for a single person and 2200 for two people. The figures include 254 per month towards the cost of running a car. The figure should be increased by 165 for a single dependant and by 100 for every additional child or dependent.

For those earning additional income please be sure to mention it to us as this will be taken into account to provide you with the maximum loan possible, where required.

*Source: Consumer Price Index

Interest Rates:

Customres can choose fro variable, tracker and fixed mortgages.

Discounted rates are available where the LTV is below 50% or 80% of the house value.

Please see our Current Interest Rates.

If you wish to calculate your repayment please use our Mortgage Calculator.

Repayment:

Banks will lend for a period of up 40 years. It is a requirement that all homeloans normally be repaid by age 70.

Mortgage Calculator:

To calculate your repayments over your chosen term. Please see our Mortgage Calculator.

Approval in Advance:

If you have not yet decided on the property you wish to purpose you should apply to us for a Loan Approval Certificate. It costs you nothing to do so, and is a good way to get started. Having a Loan Approval Certificate can put you in better position to negotiate with anyone selling their property as they will know you have approval for the amount shown on your certificate. Therefore apply for your Loan Approval Certificate now and that should put you in a better position when you go to purchase.

When you have decided on the property you are purchasing we can get you an agreement in principal before providing the necessary documents or incurring any particular costs in relation to your loan application.

To avail of this facility please complete Application in Principal Form.

Specific Quotation:

If you would like us to send you a quotation pack, giving you precise costs in relation to repayments, insurance, mortgage protection assurance and loan protection please apply now for a quotation request.

Loan Documentation:

To progress a loan application to formal approval we will require the following documents:

• Salary Certificates signed by your employers
• Copy of your P60 for the previous year
• 3 recent payslips for each of you
• 6 full months current account statements
• 12 months statements for any loans you currently hold
• Photo ID (copy of current passport or drivers licence) and proof of address if not confirmed by your bank statements
  
  If you would like us to send you a mortgage pack with all the appropriate forms click here.

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