Mortgages for First Time Buyers

We understand that purchasing your first home can be a daunting process, and that is why we are here to help every step of the way.

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Let us guide you?

At Mortgage Navigators, we specialise in helping first-time buyers navigate the complex world of mortgages and home ownership.

Our experienced team offers personalised guidance at every step, from initial budgeting and pre-approval to finding the perfect property and closing the deal.

We demystify mortgage options, provide in-depth explanations of terms, and empower buyers to make informed decisions.

With a commitment to exceptional service, and ongoing support, we ensure that first-time buyers feel confident and well-prepared as they embark on this significant life milestone.

How Much Can I Borrow?

In general, a mortgage of up to four times your gross annual income (combined income for joint applicants), is available to first-time buyers.

How much deposit do I need?

First-time buyers can borrow up to 90% of the property value.

What is the Maximum Term Available?

Terms of up to 35 years are available to first-time buyers (to maximum age 70).

First Time Buyer Mortgage Example

  • Property Price​​​​: €350,000
  • Mortgage amount (90% of €350,000): ​€315,000
  • Deposit required (10% of €350,000)​: €35,000


A 10% deposit does not always need to be evidenced from a build-up of savings. There are other ways to apply.  Please see our Help with Buying a Home for supports available.

  • Help to Buy – Learn more
  • First Home Scheme – Learn more
  • Local Authority Affordable Purchase Scheme
  • A Gift

Costs Associated with Buying a Home

  • 1% Stamp Duty (1% of €350,000)​: €3,500
  • Solicitor Fees:  ​​​​€2000-3000
  • Valuation: ​​​​€150/250
  • Engineers Report: ​​​€800-1000

Choosing a Fixed or Variable Rate

Most mortgage providers offer either variable or fixed interest rates, and before you look for the best deal you need to decide which works best for you. With a fixed rate mortgage, the interest rate remains the same for the duration of your mortgage fixed term. This means your monthly mortgage payments will stay the same, making it easier to budget each month.

With a variable rate mortgage, the interest rate can change depending on how the European Central Bank interest rates vary over time. The cheapest variable rates can be lower than fixed rate available, but your repayments could change.

Before you decide, make sure you speak to our mortgage advisors.