Loan to Value (LTV):

will lend on a home purchase 100% of the purchase price (i.e. LTV 100%) so therefore in purchasing a house costing €200,000 could provide up to €200,000 of the purchase price leaving the applicant with stamp duty applicable.

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:

For new loans have a first year discount variable rate. Additionally where the loan to value of the property is less than 75% a further discount is allowed in the first year.

After one year loans normally will be converted to the standard variable rate or customers may wish to choose from the range of fixed rates available.

as a member organisation have a policy of charging the same homeloan interest rates to all borrowers and do not favour new customers over existing customers like other organisations. Please see our Current Interest Rates.

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

Repayment:

will lend for a period of up 35 years. It is a requirement that all homeloans normally be repaid by age 71.

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:

1) Loan Application Form - fully completed including direct debit.
2) Certificate of Income on standard Form.
3) Original P60 and 2 payslips
4) Photo I.D. and Utility bill
5) Valuation Fee normally €127 plus a small amount where travel is involved for the valuer.

If you would like us to send you a mortgage pack with all the appropriate forms click here.

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