08/05/2026
🏡Thinking about buying a home in Ireland?
Let’s have a look at the figures:
First time home buyers can get a mortgage of up to 4 times gross annual income or 90% of the property price, whichever is less. This is within the Central bank of Ireland lending rules. Might be possible to get more than 4 x Income up to 90% LTV if needed with a mortgage exception.
👉For example, a couple with a combined annual pre-tax income of €112,500 (each have salaries of 56,250) can potentially qualify for a mortgage to buy a house for €500,000.
Here’s a quick summary:
For a €500,000 home, you’d need a 10% deposit of €50,000
Plus a single or joint annual household income of €112,500
(you can include regular variable pay like bonus, commission and overtime)
💰€112,500 X 4 = 450,000 + 50,000 = €500,000
Important Note: This is just a simple example. Your actual ability to borrow will depend heavily on your income, savings and other financial factors such as your credit rating, debts, and overall financial health. It is mportant to seek advice from a professional.
Ready to explore your home buying options? or need clarity on your buying budget? Link in BIO to get started.
Which Mortgage is regulated by the Central Bank of Ireland 🇮🇪
