Building your home is an exciting time. It’s your chance to build exactly what you need from the ground up and create the home of your dreams. We know every step of the process, so if it’s something you have always wanted, our experienced mortgage consultants are here to help you. Apply online or book an appointment in branch or in a place that suits you, and we can happily talk you through all you need to know.
The self-build mortgage journey is a bit different to a standard mortgage with a few additional requirements. Our self-build guide (pdf, 2.11MB) will help you understand the journey from start to finish.
Whether you have a site with full planning permission or just started saving your deposit, you can apply online or book an appointment with one of our mortgage consultants.
We will take you through all you need to know, from picking the right mortgage rate to explaining anything you are unsure of. Depending on how far along you are in the process, at your appointment we can give you an initial indication of what we could lend you or start with your mortgage application straight away.
To make your application you will need to provide some documents. You can find the required documents here. Your mortgage consultant will be in regular contact with you to help with any questions you might have. When your mortgage is approved, you will be issued with a letter of offer.
Your build can then get underway. Each stage of the build is funded through stage payments until your home is complete. You only pay interest on what you’ve actually drawn down, not on the whole mortgage.
You can receive your payments in 4-6 stages depending on your build. Here is an example:
Each stage must be certified by your assigned certifier and requested through your solicitor.
With our Self-Build Mortgage you get all the great benefits of our mortgage for first time buyers. We are also here to support you every step of the way, so here are just some of the things we can offer you:
Clearer indication of your budget – After meeting with us in your local branch we’ll be able to give you a good idea of what we can lend you, so you have a clear understanding from the outset of what you can work with.
Stage payments - By releasing your funds in stages you only pay interest on what you’ve actually drawn down, not on the whole amount.
A mortgage consultant – We have a dedicated mortgage team to guide you through your mortgage journey and help you along the way.
Our self-build guide has more helpful tips like these.
The above information is valid from 01 January 2023.
Our maximum Loan to Value (LTV) is the lower of:
Please note maximum LTVs are subject to Central Bank of Ireland macro-prudential rules and as such certain additional criteria may apply.
Lending criteria, terms & conditions will apply. Mortgage approval is subject to assessment of suitability and affordability. Applicants must be aged 18 or over. Security is required and credit agreement will be secured by a mortgage or by a right related to residential immovable property. Life and Home Insurance are also required. For First Time and Second Time Buyers a maximum Loan to Value (LTV) of 90% will apply to a property’s purchase price. The maximum LTV for customers who hold their current mortgage with another bank but wish to switch their mortgage to permanent tsb while also releasing equity is 85%. Maximum loan amount will typically not exceed 4 times an individual’s gross income for First time Buyers & 3.5 times an individual’s gross income for Second time Buyers.
The monthly repayment on a 20 year mortgage with Loan to Value (LTV) greater than 80% with variable borrowing rate of 3.90% on mortgage of €100,000 is €600.72 for 240 months. Total amount repayable is €144,533.76. If interest rates increase by 1% an additional €53.72 would be payable per month. For this example, Annual Percentage Rate of Charge(APRC) of 4.01% applies and consists of variable borrowing rate of 3.90%, valuation fee of €150, Property Registration Authority (PRA) fee of €175, and security vacate fee of €35. Please note –this APRC does not factor in the €6 monthly fee for maintaining the Explore Account. Warning: The cost of your monthly repayments may increase – if you do not keep up repayments you may lose your home. Information correct as of 01/01/2023 but is subject to change.
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, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
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