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First time buyer mortgages

When buying your first home, we know you’ll need some help along the way. Our mortgage service is designed around you.

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The application process

As steps in life go, buying a home is certainly one of the big ones. But if you know what’s involved in the mortgage process, you can see it instead as a number of small, easily-managed steps.

What’s more, you don’t have to take them on your own. We are here to help you, providing as much guidance and advice as you want or need. Every step of the way.

If you’re a first time buyer, you need to allow time to get yourself mortgage ready. Start as soon as you can. Because the moment you begin preparing, you’re moving one step closer to the day you move into your new home.

  • Planning to buy your first home? We’ll give you a 10% bonus on your savings in a MortgageSaver account when you draw down your mortgage. Ask us about our First Time Buyer MortgageSaver Bonus.

    Open a MortgageSaver account.

  • You will need to know what you can afford before you start looking for the right home – our home buying calculators can give you a good indication. We will help you through your mortgage application. If it is successful, we can give you a “House Hunter” approval if you have not yet found a suitable property – it lets you search for your new home with confidence.

    If your application is not successful this time, don’t lose heart. There may be steps you can take to improve your chances of approval – e.g. a longer savings period or a reduced loan amount. We’d be happy to talk you through your options.

  • Once you’ve found the home that’s right for you, let us know the address and the purchase price.

  • We will send a loan offer pack to you and to your solicitor. It will contain your Letter of Offer, the European Standardised Information Sheet (ESIS) with full details of your mortgage and the terms and conditions of your loan.

  • We will give you the name of an approved valuer who can carry out a valuation for us before the loan is drawn down. We always recommend that you get a surveyor’s report as well, for your own peace of mind, which can uncover faults that aren’t easy to see. In some cases we may require that you get one, particularly if the house you’re buying is older.

  • At this stage, you should arrange the appropriate Life Assurance and Fire Insurance policies to protect both you and the property. These will need to be in place before you can draw down your mortgage. Ask us about our great value Home insurance and Life cover*

    * You may purchase your Home Insurance / Life cover from another provider if you wish.

  • Your solicitor and the seller’s solicitor will tie up the details.

  • We will draw down your Mortgage and issue the funds to your solicitor to complete the purchase.

Apply online

Ready to move ahead?

Book an appointmentApply online

You can also request a callback or give us a call on 0818 365 345

Our phone lines are open at the following times:

  • Monday – Friday: 8am – 2pm
  • Saturday: 10am – 2pm

Mortgage meeting checklist

The key documents you will need to provide for your mortgage application.

What to bring

Mortgages Checklist

Here is a list of the key documents you will need to provide for your mortgage application. Ideally you should bring these documents with you when you meet us. If you are making a joint application, documents will be required for each borrower.

Most lenders look for information about your income, employment, living costs and existing loan repayments to help them decide whether you can afford to repay a loan.

If you are a PAYE employee

  • Your most recent P60 (original).
  • Your last three months’ payslips.
  • We require your last six months bank account statements (if your personal account is not with Bank of Ireland).
  • A Certificate of Income (a standard form provided by the bank for completion by your employer).

If you are Self Employed

  • Your last two years’ certified/audited accounts.
  • We require your last six months business bank account statements (if business account is not with Bank of Ireland).
  • Your accountant’s or auditor’s written confirmation that your personal/business tax affairs (PAYE/PRSI/VAT) are up to date, and your management figures for the current trading year.

You will generally be required to provide up to date statements for any loans or mortgages you currently have. You may also be required to provide identification documents and confirmation of your address. This is usually a current valid passport or driving licence and a recent utility bill.

Some reading you might find helpful

Ready to move forward with your application?

Book an appointment Apply online

You can also request a callback or call us on 0818 365 345. Our phone lines are open Monday to Friday from 8am to 8pm and Saturdays from 10am to 2pm.