How much can I borrow?

The maximum amount that you can borrow is 92% of the property value, or the purchase price whichever is lower. So if your property costs €100,000 you can borrow a maximum of €92,000 provided you meet our lending criteria.

Our lending criteria are based on a number of different things and are there to protect your interests as well as ours. The criteria take into account the earnings of those that are party to the mortgage agreement. 

They are based on your ability to repay the loan both now and in the event of increased interest rates applying to your loan in the future. The amount of money that can be advanced is calculated as a multiple of your gross (before tax) income, and the maximum acceptable amount of your net (after tax) income that will go towards meeting your repayment commitments. 

As a general guide, a multiple of two and a half times the basic income of the applicants may be borrowed. There are variations, however. For example: a single person may have lower financial commitments in addition to his/her mortgage repayments and this may increase the amount of money that they can borrow. 

Apply On-Line by clicking the button on the Irish Mortgage Centre above and permanent tsb will let you know the maximum amount you can borrow subject to a property valuation. If you do not have a property in mind or selected your solicitor you can still complete and submit your application to us and add these details later.

If you want a general idea of how much you can borrow you can click on the calculators button on the Irish Mortgage Centre and choose "Approval in principle" which will give you a guide. "Approval in principle" does not constitute a formal letter of offer and is subject to a property valuation and other lending criteria.