Start your journey home with us today

Wherever you are in your home buying journey, we’re here to support you every step of the way. We know that buying your first home is a big decision and the mortgage process can seem overwhelming. That’s why we break down the mortgage journey for you so you can understand the different steps and the support available to you along the way from our dedicated mortgage team.

Saving for a deposit

As a First Time Buyer you will need a deposit of at least 10% of the house price.

  • Get into the habit of saving a regular amount to demonstrate your repayment ability
  • Through paying rent and saving the equivalent of your monthly mortgage repayment amount, you can show us that you can pay your proposed mortgage repayment

Use our Mortgage Calculator to check how much you could borrow and how much your monthly repayments would be.

Searching for your first home

Before you start the process of searching for your first home, chat to one of our mortgage consultants who can give you an idea of how much you can borrow. Book a mortgage appointment today and we’ll guide you through the process and prepare you for your search.

  • Understand how much you could borrow before you start the search
  • Look at some properties to get an idea of the cost of the home that you want
  • Find out what documents you need and we can prepare you for your application.

Applying for a Mortgage

We’re here to support you with your mortgage application every step of the way.

  • When you’re ready to apply, you will need to provide the documentation outlined here along with your application. Should you require any help with these documents, our mortgage team will guide you through the process during your appointment and talk you through every step of the paperwork.
  • Once we’ve reviewed and submitted your completed application, we can give you Mortgage Credit Approval in 72 hours.

Find your home

Once the search for your first home is done, and you’ve found the perfect one for you, let us know.

  • You then need to get your new home valued and sign the documents with your solicitor
  • You will need to arrange Life Insurance and Home Insurance. We can help you with this or you can obtain a policy from another provider if you prefer
  • Your solicitor will arrange with the estate agent the transfer of funds and collection of your keys to your new home

Warning: If you do not keep up your repayments you may lose your home.

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

72 hours starts once your application is completed and submitted for credit assessment during business hours. Excludes weekends. If any documentation is missing or additional information is required to reach a credit decision, we will notify you which may impact the decision time. Lending criteria, terms and conditions apply. Security and Insurance is required. Product eligibility criteria applies. permanent tsb p.l.c. is regulated by the Central Bank of Ireland. 

How long will it take?

Every mortgage journey is different, but here's a general overview of timelines our customers experience and we look forward to supporting you every step of the way.

Book appointment: Day 1

Receive Credit Approval In Principle: Credit Approval will be ready within 72 hours of submitting a completed application for credit assessment

Letter of Approval: When you find your new home, submit a valuation and we will issue your solicitor with all the loan information you need to complete the purchase

Drawdown: Agree a completion date with the house seller and get the keys to your home after we send the funds

Mobile Mortgage Manager

We understand your everyday lives are busy so let us come to you when it suits!

Get more from your mortgage

Flexible repayment options

  • Two payment holiday options.
  • Choose your repayment date.
  • Make regular overpayments or lump sum payments

Competitive Rates

  • A choice of fixed or variable rates.
  • 1 year discounted variable rate.
  • Lower fixed rates for mortgages of €250,000 or more.

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Warning: The cost of your monthly repayments may increase.

Find out all the details on our new mortgage offer

Mortgage frequently asked questions

How do I start the application process?

There are a number of easy ways to begin your application:

What documents will I need?

There are various documents you’ll need to complete during the application process. Read the full list of documents required here.

What are lenders’ normal lending criteria for a mortgage?

Every lender will look at various criteria before deciding whether to approve a mortgage. Some of the main factors that are taken into account are:

  • A good credit history
  • Being aged 18 or over
  • Age not greater than 70 at the end of the mortgage term
  • Ability to repay - as a guide mortgage repayments on all loans including your mortgage should not exceed 35% of your net income
  • Secure employment
  • Continuous employment for two years
  • Good account management

In all cases the primary focus is on your repayment capacity.

How much of a deposit do I need?

Central bank deposit rules require a 10% deposit for first time buyers. So if the value of your property is €300,000, you’d need a deposit of €30,000.

We’ve a range of deposits and savings account options to help you save for your deposit. Call into your local branch or take a look at what savings and deposits options we have available.

What’s the maximum amount I can borrow?

The maximum amount you can borrow depends on several factors such as your income and your capacity to repay your loan. For a guideline on how much you could potentially borrow check out our online Mortgage Calculator.

How much will my repayments be?

Your repayments will depend on how much you borrow, the term or length of your mortgage as well as the interest rate that you’re charged. See our handy online Mortgage Calculator for an indication of how much your monthly repayments might be.

Help and Guidance

Managed Variable Rate (MVR) Switch

A great opportunity for our existing variable and fixed rate customers to avail of our competitive suite of MVRs

Variable rate mortgage policy

Learn more about how we set our variable mortgage interest rates in our variable rate policy statement (pdf, 116KB).

Mortgage interest rates.

See here for our full list of fixed rates and managed variable rates.

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