LTV, LTI and Fees

Buying your first home can be a daunting task, and starting the process can seem overwhelming, but we are here to guide you and support you to ensure that buying your home is an enjoyable process.

How much can I borrow ?

For First Time Buyers you can borrow up to 4 times your annual income or combined income if a joint application. For second/subsequent buyers it is 3.5 times gross income. So, for example, a first-time buyer couple with a combined income of €100,000 can borrow up to a maximum of €400,000. A second and subsequent buyer with the same income can borrow up to a maximum of €350,000.

Check our Calculator here

How much deposit do I need?

A Property that will be your primary residence, a 90% Loan To Value (LTV) limit applies on the full value of the property. This means you will need a 10% deposit for your house or apartment. A Property that will not be your primary residence, including buy-to-let properties, a limit of 70% LTV applies

What is the maximum Term?

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

Other Costs to Consider

Stamp Duty

For properties up to €1 million it’s 1% of the purchase price. 2% on €1m+

Structural Survey

This is a private survey undertaken by a professional of your choosing and is essential to make sure there are no issues with the property you’re buying.

Bank Valuation

This must be carried out by an independent professional body. It should cost you around €150 – plus VAT.

Solicitors Fees

This can be a flat fee or a percentage of the purchase price. This is a cost that you may be able to negotiate when you appoint your solicitor