Want to know how much mortgage you can get in Ireland? You’ve come to the right place. Read on to get the low down on what you need to do to get the maximum mortgage and to use our mortgage calculator.

The key thing to bear in mind when working out how much you can borrow is your ability to repay the loan. Both the Central Bank and the lender will apply their own tests to assess whether you can still make the mortgage repayments even if they increase in future.

You can go straight to our mortgage calculator below.

Mortgage affordability calculator

Finances slide to suit

Type of mortgage
First Time Buyer or Mover/Switcher/BTL
30000
10000300000
Basic salary and fixed allowances before tax (yearly)
0
000100000
commission, bonus, overtime before tax (yearly)
0
05000
loan, child care and maintenance (monthly)
30000
0200000
total saved toward home purchase

About your household

single or joint loan needed
include any financially dependent children or adults

What you may be able to borrow

based on selections made

loan of 3.5 income available

loan of 4.5 income possible

Read on to get the full lowdown.

Central Bank limits – How much mortgage can I get Ireland? 

Exceptions – How much mortgage can I get Ireland? 

Credit policy – How much mortgage can I get Ireland? 

Mortgage calculators – How much mortgage can I get Ireland?

Central Bank limits – How much mortgage can I get Ireland? 

The first hurdle to clear is the central bank guidelines, all lenders have to conform to these [1]. If the central bank computer says no, then you probably need to do some more work getting mortgage ready.

The first hurdle is the deposit to loan ratio, only 80% of the purchase price can be funded through loans. If you are a first time buyer the good news is this is increased to 90% to help get you on the property ladder. 

The second hurdle is the loan to income ratio, your loan can be no more than 3.5 times your joint income per year. So if your household earns €100,000 a year, your maximum mortgage would be €350,000. 

Don’t despair though, if these limits put your dream home out of reach. The Central Bank also allows lenders a quota of exceptions outside the rules above, read on to find out more.

Exceptions – How much mortgage can I get Ireland? 

As the lenders only have a limited amount of exceptions, they want to parcel them out to the ‘best’ customers. If you are a lender this means customers with higher disposable income, as that generally means a larger mortgages that have very high odds of being paid back. 

To get an exception then the secret is to maximise the gap between your income after tax and your financial commitments. We give you the inside track as to how the banks measure this below.

Watch out though, exceptions are a double edged sword. As well as stretching your finances to the limit. They often run out early in the year and can be withdrawn leaving your home purchase stranded. 

Credit policy – How much mortgage can I get Ireland? 

Above and beyond the central bank limits, each lender has their own credit policy, which they use to approve both exceptions and loan applications. 

These policies though boil down to the same thing. How likely are you to pay back the mortgage?

The way the lenders assess this is to look at how much cash you have over after you have made your repayment. This gives them an idea of how much wriggle room you have if interest rates rise or your financial circumstances change.

In general only regular income after tax is counted, although some lenders factor in bonuses and overtime etc.. at a discount.

The secret though is cutting back your committed outgoings. These are loans, childcare or if you are divorced or separated your monthly maintenance.

Also the more family members you have the higher the level of disposable income you will need.

Mortgage calculators – How much mortgage can I get Ireland?

You can also use our other mortgage tools to help you get mortgage ready. Check out our

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Cost of living challenges, seeing prices increase daily on everything from utilities, basic essentials and services made me re-evaluate my outgoings and where savings could be had. That included my mortgage, every article I read recommended reaching out to a mortgage expert. I have no regrets in contacting Moneysherpa, I contacted three experts and only they responded. Having delved into the world of mortgages, done my own research I knew my best option would be to stay with my present provider and fix my rate, they concurred and by doing so ultimately wouldn't have made a financial gain on my ask but were still willing to share their invaluable expertise with me and that counts for a lot. They were professional, knowledgeable and offered me sound advice. I have since recommended to family/friends. Thank you Nikki and your team, I appreciate your time and words of wisdom. Best wishes to you and your company.
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02/02/2023
I used Moneysherpa when switching my mortgage provider at the end of 2022. Petrina was very helpful when detailing the different options available and working through the process. The online platform for uploading all the various documentation is very user friendly and clearly lists out what is uploaded and still outstanding. Louise then took over for the drawdown stage and answered any questions we had. I would definitely recommend Petrina and the team to anyone planning on switching their mortgage.
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25/01/2023
Great to see a “modern” mortgage service in Ireland. Everyone knows a mortgage application can be extremely time consuming and document heavy but with everything being “online” made such a difference. Highly recommend Petrina from discussing our options from the outset and any curve balls that came our way during the process. Damian (jacobs law) and Niki in Money Sherpa. Highly recommend. Thanks everyone
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20/12/2022
Very good service by the MoneySherpa team in helping us switch our mortgage earlier in the year. First an introduction call, explaining the service and next steps in detail followed by the creation of a personalised portal where you can upload all your documents and track the mortgage application process.

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