First Time Buyer's How much can I borrow?
Generally speaking, first time buyers can borrow a maximum of 3.5 time salary. so for a single earner earning €40,000 per annum they maximum you can borrow would be €140,000
For a two income application, we combine both incomes so Applicant one is earning €40,000 and Applicant 2 is earning €30,000. We have total earnings of €70,000 so we can borrow €70,000 x 3.5-= €245,000
An exemption to the 3.5 times salary rule can apply on a case by case basis.
10% Deposit explained:
First time buyers can now borrow 90% on property price, as a result of relaxation of Central Bank Rules.
If a property is €300,000, you can borrow €270,000 (90%) and you will need a deposit of €30,000 (10%)
The full 90% mortgage is still available but it is on a case by case basis.
Why use North Dublin Mortgages?
- At North Dublin Mortgages, we charge no fees to our client if mortgage is fully drawn down.
- At North Dublin Mortgages, we are very accessible to communicate online, by telephone or in the comfort of your own surroundings.
- At North Dublin Mortgages, You pay the same interest rate dealing as you do if you approach the each bank directly.
We have access to the following Lender’s..
K.B.C Bank Ireland. (Through our appointment with Brokers Ireland Mortgage Services)
Permanent TSB. (Direct Agency Held)
Haven Mortgages (Broker arm of A.I.B. and E.B.S.) (Through our appointment with Brokers Ireland Mortgage Services)
Dilosk Bank (Direct Agency Held)
BNP Paribas Bank (Through our appointment with Brokers Ireland Mortgage Services)
Finance Ireland. (Through our appointment with Brokers Ireland Mortgage Services)
By applying with North Dublin Mortgages, we have access to all of the above providers.
One application form, one meeting and you are guaranteed the best rates on the market from this panel of lenders we are authorised to advise on, subject to you being eligible for the loan and subject to lenders terms and conditions, where applicable.
