Normal Lending Criteria

While there is variation in the lenders criteria surrounding the mortgage application, certain basic credit points are common to most successful applications:

  • Having a clean Credit History
  • Having demonstrated strong repayment capacity via regular saving for 6 months and longer
  • Being in secure employment
  • Clear off your Credit Cards balances every month
  • Don’t allow your current account go into an ‘overdraft facility’ even if agreed by your Bank
  • All loans including your mortgage repayment should not exceed 40% your net disposable income

  • BI Brokers Ireland
  • Haven
  • Finance Ireland
  • Dilosk