One of the most common ways to finance a property purchase is by means of a Bank Home Loan which can be obtained from all local Banks. In most instances, the bank will finance up to 90% of the purchase price and completion costs. You might also be able to benefit from better rates – especially for the first years and for high-value loans. Regarding repayments, the loan can typically be extended to be repaid over a period up to 40 years, or your retirement age, whichever comes first.
If purchasing your first property, the 3.5% stamp duty applicable on the first €150,000 of the property price has been wavered by the government as an incentive to help first-time buyers.
Which documents will you need to present?
Last 3 pay slips and FS3
Copy of Promise of Sale
Copy of ID cards
Character reference unless customer is already an account holder
Estimate of the property value