Not everyone realises they may still qualify as a First-Time Buyer in Ireland — even if they owned a home before.

Buying a house that needs renovations can be a smart way to get better value and create a home that suits your needs. However, funding those renovations is often where buyers run into uncertainty, particularly when mortgages are involved.

In the Irish mortgage market, an Approval in Principle (AIP) is a preliminary assessment from a lender that shows how much they may be willing to lend to a potential home buyer.

Let’s discuss mortgage affordability and why the “4 times income” rule may not always apply.

Getting a mortgage when you are self-employed in Ireland can sometimes be more challenging than for PAYE workers. Self-employed mortgage applications can take longer to process for the self-employed. So, be patient and be prepared to provide additional documentation when requested.

A modular home is a type of house constructed off-site in a factory setting, in individual sections or “modules,” and then transported to a customer’s location for final assembly. These homes could be concrete or more often timber frame.