Property Market

What size deposit will I need?

First Time Buyers & Owner Occupiers:

  • 92% Mortgages are the maximum available in Ireland at present
  • You'll need a minimum of 8% as a deposit (10% with some lenders)
  • Some lenders will require an even bigger deposit if you are buying an apartment (up to 20%)
  • You will also need money for your legal fees, furniture etc in addition to your deposit.

Refinancing / Switching Mortgage Lenders:

  • 92% Mortgages are available from a limited number of lenders, so you'd need at least 8% equity.
  • However, the maximum with most leneders is 80% - 85%

Buy to Let

  • 80% Mortgages are the maximimum available in Ireland

Please note:

Due to the credit crunch, the size of the deposit you'll require is subject to change, so it's important to confirm what size deposit you'll require with your mortgage broker or lender.