First-Time Buyer's Guide

Everything you need to know about buying your first home in Ireland

The Buying Process

Step-by-step guide to purchasing your first home

Check Your Budget

First-time buyers can borrow up to 4x gross income (4.75x with exceptions). Find your comfort number.

Save Your Deposit

First-time buyers need at least 10% deposit. The more you save, the better rates you'll get.

Get Mortgage Approval

Apply for Approval in Principle (AIP) before you start viewing properties.

Find Your Property

Search for properties within your budget. Consider location, transport links, and amenities.

Make an Offer

Research comparable prices in the area. Be prepared to negotiate.

Complete the Purchase

Hire a solicitor, get a survey, and finalise your mortgage. Allow 8-12 weeks to close.

Help to Buy Scheme

Up to €30,000

Tax relief for first-time buyers purchasing new homes

Available for new build properties only
Maximum property value: €500,000
Relief up to 10% of purchase price
Maximum relief: €30,000
Based on income tax paid in last 4 years
Must be a first-time buyer

Buying Costs

Budget for these costs in addition to the purchase price

Deposit

Of purchase price

10% minimum

Stamp Duty

On first €1M

Legal Fees

Solicitor costs

€2,000-€4,000

Survey

Property inspection

€300-€500

Valuation

Bank requirement

€150-€300

Central Bank Mortgage Rules

Loan-to-Income (LTI) Limit

First-time buyers can borrow up to 4x gross annual income (up from 3.5x since January 2025). Lenders can grant exceptions up to 4.75x. Second-time buyers remain at 3.5x. Joint applicants can combine their incomes.

Loan-to-Value (LTV) Limit

First-time buyers need a minimum 10% deposit. Non-first-time buyers need at least 20%.

Ready to Start Your Search?

Browse property prices and find areas that match your budget