What to expect when you're buying your first home
Thinking of buying your first home? You're not alone.
It’s important that you find out as much as possible about what's involved. Our lending specialists are here to help you on your journey to becoming a home owner.
Find out how much you could borrow
Work out how much you can afford to put down as a deposit.
- you'll need a deposit of at least 10% of the property’s cost
- you can usually borrow up to 5 times your salary
- don't forget to consider the other costs associated with buying a home, such as notary costs, property valuation, legal fees and stamp duty
Shop around for a home loan
After finding the right property, there are a number of things you need to consider when deciding which home loan is right for you.
- type of home loan
- interest rate and fees
- long-term commitment
Start your application
You'll need the following information for your application.
- preliminary agreement – make sure your notary explains it in detail
- deposit – if you’re leaving a deposit, make sure you’re given at least 6 weeks to apply for the loan and the preliminary agreement states ‘subject to bank loan and all Planning Authority permits are in order’
- ID number and / or passport number
- proof of income (FS3 and your 3 latest payslips)
- details about the type of property you intend to buy
- details of current borrowings including outstanding balances, monthly repayment, interest rate and maturity date of credit facility
- second applicant’s details if you're applying jointly with someone else
Finalise your application
- you'll have a dedicated lending specialist who will guide you through the whole process
- after the application is submitted, we will issue a sanction letter
- your lending specialist will explain the sanction letter in detail
- when all the necessary conditions and documents outlined in the sanction are fulfilled, we will give an appointment to your notary to liaise with you and the seller to sign the final deed
Apply in branch
Apply over the phone
To get a quote and apply, give our advisers a call on
Lines are open from 08:00-16:00, except Sundays and public holidays.
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Classic Home Loan
Discover our standard home loan for everyone from first time buyers to seasoned property owners.
Get on the property ladder with lower repayments for the first few years of your home loan.