There are 10 mortgage lenders available in Ireland. These include (no particular order):
- AIB
- Avant Money
- Bank of Ireland
- EBS
- Finance Ireland
- Haven
- ICS Mortgages
- KBC
- Permanent tsb
- Ulster Bank
Many mortgage holders qualify for a change of mortgage and could thus save significant amounts of money. It is important to compare your options before deciding on a mortgage. The central bank’s mortgage lending rules impose a limit on the amount of money a bank is allowed to lend.
Currently, Irish banks can lend up to 3.5 times a borrower’s annual income. Lenders may exceed the 3.5 loan-to-income limit for 20% of the total loan value in a calendar year. Lenders examine bank statements to understand a borrower’s ability to repay. You will be asked to submit six-month bank and credit card statements.
This post was written by Veronika Pluháčková who was a research intern at Irish Mortgage Brokers in May of 2022.
