Information for Buyers
So you are thinking about buying a home, you may be a first time buyer or you may be in the market trading up to a larger home. Whatever step of the property ladder you are on there are a few simple steps you will need to take now.
We have prepared a general guide to buying property in Ireland, and we hope you find our overview interesting and helpful.
How much can I afford?
The first step in buying your home is figuring out how much you can afford. Your first port of call should be to contact a mortgage advisor. They will be able to indicate how much you can borrow based on your earnings, your current financial commitments and any other savings you may have.
When successful with a mortgage application you will be given “Approval in Principle”. This is how much the lending institution is prepared to give you (in principle – i.e. terms and conditions apply). You now know how much you can afford but you should take into account the costs of buying a home before you go house hunting.
Cost of buying a home:
You should be aware that there are many costs involved in buying a home other than the obvious.