Mortgage Advice: How much can i borrow?
Personal Mortgages
First Time Buyers can now borrow up to 100% of the value of their new home.
This is based on your ability to repay the loan, both now and in the future. The amount which is lent is calculated on your income after tax and also takes into consideration any other financial commitments you might have e.g personal loans, car loans etc.
To see if you qualify in principle for the amount you wish to borrow, call us now on 1890 225232.
Investment Mortgages
We will lend investors up to 90% of either the property's value or its purchase price - whichever is lower. If, for example, you wanted to buy a house worth €200,000, the maximum mortgage would be €180,000. For non-residents we lend up to 75% of either the property's value or its purchase price whichever is lower. If, for example, you wanted to buy a house worth €200,000, the maximum mortgage would be €150,000.
A new solution just launched:
OCI has a tailored mortgage solution for first time buyers, which offers a range of benefits designed to make it easier for you to get your foot on the property ladder. Mortgage Family First is designed for the 70% of First Time Buyers that need help from their family to get them started on the property ladder. It allows parents to raise money for the deposit without a large outlay or making loan repayments.
