How Much Can I Borrow?

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Most home buyers use a combination of mortgage facilities and savings or help to buy schemes to buy their new home.

First time buyers can take out a mortgage of up to 90% of the purchase price of a home.

Second time buyers can take out a mortgage of up to 80%. 

When arranging mortgages we need to satisfy lenders that can comfortably afford the repayments on the mortgage. In this regard we look at evidence of consistent savings and also history of rental payments.


Mortgage Calculator- How much can you borrow?

The normal maximum mortgage level is capped at 3.5 times your gross annual income. For example, if your gross salary is €80,000, the maximum mortgage would be €280,000.

This calculator gives you an estimate of the maximum amount you will be able to borrow.

Currently exceptions above this level are not available


Calculate how much you can borrow

Enter your details in the calculator to estimate the maximum mortgage you can borrow. After performing the calculation, you can transfer the results to our mortgage comparison calculator where you can compare all the latest mortgage rates.


Costs associated with getting a mortgage

Mortgage adviser fees - Here at we do not charge brokerage fees to home buyers

Stamp Duty  1% of the purchase price

Legal Fees €2,500 A typical budget including various taxes and duty 

Valuation fees €150

Surveyor fees €400 -Not compulsory but highly recommended 


On going costs after you move in

Your mortgage payment

Property tax .18% of the purchase price

Home insurance €35 per month estimate for new 3 bed houses 

Mortgage Protection click Get a quote for your mortgage protection quote 

Mortgage exceptions

The limits imposed on lenders when providing mortgage facilities fall into two categories, income limits and deposit limits.

These limits were set by The Central Bank of Ireland under macro prudential regulations. The rationale behind the rules is to ensure that consumers act prudently when borrowing, lenders act cautiously when lending and also to assist in the control of house price inflation

Can I Borrow more than 3.5 times gross income?

Most home buyers borrow at or below the 3.5 times income category. This is important and is indicative of the level of borrowing where most borrowers are comfortable.

Can the minimum deposit rules be exceeded?

Central Bank deposit rules require a 10% deposit for first time buyers. With the new help to buy scheme for first time buyers of new houses apartments and self builds, a tax rebate of 10% ( upper limit of €30,000 ) of the purchase price is potentially available on properties costing €500,000 or less.

First time buyers buying second hand houses cannot avail of this scheme..

A 20% deposit is required for second time buyers.