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.

Home buying calculators

To get started, our calculators can give you a rough idea of how much you might be able to borrow and what repayments to expect.

1This calculator is for illustrative and guidance purposes only and is not an offer of a loan. The limits applied can vary so it’s important to talk to us as early as possible about your plans. The amount you can borrow will depend on your individual circumstances and is subject to lending criteria, terms and conditions.
2A portion of any variable pay you earn such as bonus, overtime and commission may also be considered as part of your application – we’re happy to discuss this with you.

Terms of up to 35 years are available for First Time Buyers, Movers and Switchers, to a maximum age of 70. Fixed rates roll to the corresponding new business Loan to Value variable rate at the end of the fixed period.

Principal Dwelling Homes

The lender is Bank of Ireland Mortgages. Lending criteria and terms and conditions apply. Over 18s only. Mortgage approval is subject to assessment of suitability and affordability. You mortgage your property to secure the loan. We require property and life insurance.

Maximum loan is generally 3.5 times gross annual income and 80% of the property value (90% of the property value for first time buyers, 70% of the full property value for Buy to Let) but these limits may vary.

A typical mortgage of €100,000 over 20 years with 240 monthly instalments costs €615.79 per month at 4.2% variable (Annual Percentage Rate of Charge (APRC) 4.3%). The total amount you pay is €148,114.60. APRC includes €150 valuation fee and mortgage charge of €175 paid to the Property Registration Authority. A 1% interest rate rise would increase monthly repayments by €54.02 per month. [The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home].

Warning: If you do not keep up your repayments you may lose your home.
Warning: The cost of your monthly repayments may increase.
Warning: You may have to pay charges if you pay off a fixed–rate loan early.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

Keywords explained


LTV stands for loan to value. This is the ratio between the amount you borrow and value of the property or the purchase price, whichever is lower. For example, if a property value is €200,000 and the loan is €150,000 then the LTV is 75%.


APRC means annual percentage rate of charge.


BTL stands for buy to let.

Ready to move ahead?

Book an appointmentApply online

You can also request a callback or give us a call on 1890 365 345.

Our phone lines are open at the following times:

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

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 1890 365 345. Our phone lines are open Monday to Friday from 8am to 8pm and Saturdays from 10am to 2pm.