First Time Buyer Mortgage

Buying your first home can seem intimidating, especially when faced with many different loan types. If you are a first time buyer, no doubt you will have a lot of questions to ask. What are the best mortgage deals for first time buyers? Should I opt for a fixed rate, a capped rate, a discount or a tracker for my first house? How do I get my first mortgage? Should I go to a bank, a building society or a mortgage broker when I'm buying my first home? How much can I borrow for my first mortgage, and how much will it cost me? Full loan is only available if for borrowers planning to live in the property they are buying. It is not available for investors. There are 6 mortgage lenders providing 100% mortgages to first time buyers in Ireland. Most important step ever is to make sure if you can afford the loan you want to get. If your income isn't high enough or too close to the required limits consider renting out a spare room under the government 'rent a room' scheme, which will help with your repayments and you’ll also qualify you for a larger loan amount.