Home Buyers Guide

Chapter 7: Help, I can't afford to buy a home - what are my options?

Even though house prices have dropped considerably over the last year, you'll still need quite a few quid to buy a home.

The average house price nationally is €267,594. And if you’re planning on living in Dublin, you’d have to add
about a hundred thousand euros to that figure to buy the average home.

That's a lot of money.

What’s more, in the current credit crunch, the banks have tightened their lending criteria, so getting a mortgage is
much harder than it was even a year ago.

Unless you have decent savings in the bank and a good salary, it can be difficult to get a big enough mortgage for the property you want (especially if you are buying a home on your own).

So what are your options if you can't get a big enough mortgage?

Is there anything you can do? Or are you destined to continue renting or (even worse) living at home with the folks for the rest of your life?

Well, don't give up hope just yet.

Here's a few things to try first:

< Previous Page | Next Page > | Contents Page | Download the Full 127 Page Home Buyers Guide

Search the Home Buyers Guide using Google: