Would I Be Approved for a Mortgage?

The easiest way to know for sure is to get 'Approval in Principle'.

This will remove the guess work and doubts, and will mean that you can look for a home knowing that the finance is not a concern. Spend a couple of minutes filling in a few details on our Online Mortgage Application and a consultant can sort this out for you.

Here's the general requirements that the lenders consider:

• Age:
  The minimum age is 18 years and the maximum is usually 65 or 70, depending on the lender.
  
  
• Credit History:
  The lenders review your credit report with the Irish Credit Bureau, which will show them how well you've paid your loans in the past. If you have missed payments on your personal loans, car loans, mortgage etc, the 'High Street' may decline your application.
  
  If this is the case, there are a range of specialist lenders that would still consider lending, even if you have problems with your credit history.
  
  
• Job:
  If you are an employee, you must be permanent (and not on a probationary period). Lenders usually want you to be employed for a minimum of 6 months (but some times they'll accept less than that - for example, if you recently moved from a competitor to your current firm, that's usually ok).
  
  
• Self Employed:
  If you are self employed, the very minimum that most lenders will require is that you have been self employed for 12 months. Very often, they are looking for you to have 2 - 3 years under your belt. Some lenders, in particular the newer specialist lender are more flexible when it comes to this.
  
  
• Affordability:
  What size mortage you qualify for will depend on your disposible income - which mean what you are left over out of your pay each month after tax and other commitments such as loan repayments (and maintence if applicable). For more details see How Much Can I Borrow?
  

Get Mortgage Approval in Principle: Online Mortgage Application

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• How Much Can I Borrow?
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