New Mortgage Rules Ireland
19 October 2022
The new mortgage rules are as follows:
- First time borrowers can now borrow up to four times gross income
- Second time borrowers will continue to be able to borrow up to 3.5 times gross income.
- Loan to value limits remain at 90% for first time buyers.
- Loan to value limits for second time buyers is now also at 90%. This is welcome news for house movers, who now only need a 10% deposit.
We are accepting applications on the basis of the new rules for purchases in 2023.