Normal Lending Criteria for Mortages in Ireland
Quick Criteria check for a successful application
While there is a wide variation in circumstances surrounding a mortgage application certain basic credit points are common to most successful applications:
- Good Credit History.
- Age 21 or over.
- Age not greater than 70 at end of mortgage term.
- Ability to repay - as a guide repayments on all loans including your mortgage should not exceed 35% your net income.
- Secure employment.
- Continuous employment for 2 years.
The primary focus is on repayment capacity.