Mortgage Calculator Ireland

Enter your details below to compare every lender in Ireland in an instant.

Disclaimer: Our calculators give indicative figures based on the latest figures provided to us. They are in no way intended to constitute an offer. Such calculations are made on the presumption that the information supplied by you is accurate and is subject to approval by the lender. Our rates include Green rates which only apply if BER is B3 or above. This web page is for illustrative purposes only to give the borrower, an overview of the potential cost of borrowing.

Google Reviews

LowQuotes.ie

4.9

Based on 1501 reviews

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Caroline M.

I worked with Bernadine who was so diligent and a great resource couldn't recommend enough

Christine N.

Wonderful experience dealing with Aoife. Really helpful and professional throughout.

Response from the owner: Hey Christine,We’re delighted to hear about your positive experience with Aoife. It’s great to know she was able to explain everything clearly and support you throughout the process. We aim to make things as smooth and straightforward as possible, so your feedback really means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Patricia M.

Shaun at low quotes is extremely helpful. He answered all questions and gives great advice to find the right insurance policy for you. Would highly recommend.

Response from the owner: Hey Patricia,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to answer all your questions clearly and help you find the right insurance policy. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Emily M.

Excellent service, Aoife was so helpful and informative and made the whole process so easy.

Response from the owner: Hey Emily,We’re delighted to hear about your positive experience with Aoife. It’s great to know she was able to explain everything clearly and make the whole process easy for you. We aim to keep things smooth and stress-free, so your feedback really means a lot! If you need anything in the future, don’t hesitate to get in touch.Best Regards,LowQuotes Team

Monica N.

Fantastic service. Got the cheapest quote; so easy to deal with and go through the process for my mortgage protection. Thank you Colin.

Response from the owner: Hey Monica,We’re delighted to hear about your positive experience with Colin. It’s great to know he was able to guide you clearly through the process and secure the best deal for your mortgage protection. We always aim to make things straightforward and stress-free, so your feedback means a lot! If you have any questions in the future, we’ll be here to help.Best Regards,LowQuotes Team

Bartosz B.

We had a fantastic experience with LowQuotes.ie. Shaun was absolutely excellent – he took the time to really understand what we needed, found us the best value options available, and explained everything in a very clear and straightforward way. His professionalism and friendly approach made the whole process smooth and stress-free. I would highly recommend Shaun and LowQuotes.ie to anyone looking for great service and peace of mind.

Response from the owner: Hey Bartosz,We’re delighted to hear about your positive experience with Shaun. It’s fantastic to know he took the time to fully understand your needs, explained everything clearly, and secured the best value for you. We aim to make the process smooth and stress-free, so your feedback means a lot to us! If you ever need further support in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Hannah B.

Could not recommend enough. We have worked with both Niall and Colin in low quotes after originally getting a quote from somewhere else and having quite a negative and stressful experience, Niall absolutely put us at ease and explained everything mortgage protection and income protection wise in laymans terms for us to understand. He also worked with us to make an informed decision about what would suit us financially to begin with, with a plan to have another look once weve settled into our new home. Colin then finalised our policy and again made the whole process so easy, especially the medical questionnaire going above and beyond contacting underwriters to ensure we had the best cover. The lads were absolutely fantastic and great craic on top of it 😊 have already recommended to multiple friends in the same boat as us!

Response from the owner: Hey Hannah,We’re thrilled to hear about your experience with Niall and Colin. It’s great to know they explained everything clearly, helped you make the best decision for your situation, and made the process stress-free. We’re especially glad they could turn things around after your earlier experience and ensure you felt supported every step of the way. Thanks so much for already recommending us to others. It really means a lot!Best Regards,LowQuotes Team

Darragh W.

Aoife was exceptional, very easy to chat to and made the whole process simple to understand. She gave great advice and also went above and beyond to ensure she could work around my own antisocial work schedule. Great customer service

Response from the owner: Hey Darragh,We’re delighted to hear about your positive experience with Aoife. It’s great to know she explained everything clearly, gave you solid advice, and went the extra mile to work around your schedule. Making the process simple and stress-free is exactly what we aim for, so your feedback means a lot to us!Best Regards,LowQuotes Team

Melissa R.

After receiving a qoute from the site, Rebecca reached out to help me further and to make sure I was getting the best cover for my needs. She was extremely helpful and kind and just an absolute pleasure to deal with. Highly recommend Rebecca, the whole process from start to finish was such a breeze. Thanks Rebecca

Response from the owner: Hey Melissa,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she was able to guide you through the process and secure the best cover for your needs. We aim to make everything as smooth and straightforward as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

John M.

Bernadine was an absolute pleasure to work with and even when obstacles arose, she was a complete pro in ensuring they were sorted and things got over the line. Would highly recommend.

Response from the owner: Hey John,We’re delighted to hear about your positive experience with Bernadine. It’s great to know she was able to navigate the obstacles and get everything sorted for you. We always aim to make the process as smooth as possible, and your recommendation means a lot to us!If you ever need assistance again, don’t hesitate to reach out.Best Regards,LowQuotes Team

Ian K.

Colin was very helpful and patient. Lovely experience, thank you

Response from the owner: Hey Ian,We’re delighted to hear about your positive experience with Colin. It’s great to know he was able to explain everything clearly and provide the support you needed. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Jisha K K

Great experience with Ross . Highly recommended.

Response from the owner: Hey Jisha,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything clearly and secure the right cover for you. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Antoinette L.

Fantastic advice from Shaun on life insurance and talked me through my requirement, such a fantastic company. He found a policy that better suited our needs for the same premium that we were paying.Highly recomend to everyone.

Response from the owner: Hey Antoinette,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to explain everything clearly and secure a policy that better suited your needs while keeping the same premium. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Jonathan D.

Aoife was extremely helpful and gave me advice through the details of different life insurance policies, advising what would be best for my family. Very professional, knowledgeable and pleasure to deal with

Response from the owner: Hey Jonathan,We’re delighted to hear about your positive experience with Aoife. It’s great to know she was able to clearly explain the different life insurance policies and guide you toward the best option for your family. We always strive to provide professional, straightforward advice, so your feedback means a lot! If you ever need further assistance or have more questions in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Robert B.

Simple & easy process that Colin Bailey help us navigate through with ease.

Response from the owner: Hey Robert,We’re delighted to hear about your positive experience with Colin. It’s great to know he was able to make the process simple and easy for you to navigate. We aim to take the stress out of things and your feedback really means a lot! If you need any further help in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Sabrina

I highly recommend LowQuotes for Mortgage Protection or any other financial matters you are dealing with. We dealt with Ross Kirwan and he was brilliant. Explained in detail the different products and got us the best quote for our mortgage protection. He surely made the process a whole lot easier. Definitely recommend him and LowQuotes if you need a mortgage protection.

Response from the owner: Hey Sabrina,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything clearly and secure the best deal for your mortgage protection. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Niamh H.

I dealt with Rebecca and she made the whole process easy to understand and not confusing, unlike other mortgage protection providers I had already dealt with. I couldn’t recommend Rebecca at Low Cost Quotes more, they really have your best interests at heart which is refreshing!

Response from the owner: Hey Niamh,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she was able to explain everything clearly and make the process easy to understand compared to other providers. We always aim to put our clients’ best interests first, so your feedback really means a lot to us! If you need any further assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Jane C.

We worked with Niamh to get our mortgage and had a great experience.

Response from the owner: Hey Jane,We’re delighted to hear about your positive experience with Niamh. It’s great to know she was able to explain everything clearly and secure a great deal for your mortgage. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

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Your Questions Answered

What are the minimum requirements to apply for a mortgage in Ireland?

Applying for a mortgage in Ireland involves meeting specific requirements that may vary slightly depending on the lender. However, there are some common minimum requirements that most applicants will need to satisfy:

Age Requirements: Typically, you must be at least 18 years old to apply for a mortgage. The upper age limit for mortgage repayment is usually set so that the mortgage must be repaid in full by the time you reach 65 to 70 years old.
Income Requirements: You must have a steady, verifiable income. Lenders will assess your ability to repay the loan based on your income, employment type, and job stability.
Employment Status: Employed applicants should have a permanent job or at least be past their probation period. Self-employed individuals need to provide evidence of steady income, usually through tax returns or audited accounts for the last two to three years.
Deposit: You will need a deposit, typically at least 10% of the property’s purchase price for first-time buyers, and up to 20% for those who have previously owned a property.
Credit History: A good credit history is crucial. Lenders will review your credit report for any past defaults, missed payments, or other credit issues. A clean credit history can significantly enhance your eligibility.
Debt-to-Income Ratio (DTI): Your total monthly debt payments, including the prospective mortgage, should not exceed a certain percentage of your gross monthly income, commonly around 35%.
Property Value: The property you intend to buy must be appraised to ensure it provides sufficient security for the loan. The mortgage amount generally cannot exceed a set percentage of the property’s value (loan-to-value ratio).
Proof of Identity and Residency: Valid identification and proof of residency are required to comply with regulatory requirements.

These requirements ensure that borrowers are financially stable and likely to repay their loans, protecting both the lender and the borrower from entering into an unsustainable financial arrangement. Always check with specific lenders for their particular requirements and criteria, as these can vary and may be influenced by changes in financial regulations or the economic environment.

How will my Mortgage Application assessed by the lender?

In Ireland, lenders assess mortgage applications based on key criteria to determine your ability to repay the loan:

Income and Employment: Your income and employment status are verified through documents like payslips and tax returns. Stable, permanent employment is preferred to ensure reliable income.
Credit History: Lenders review your credit score and history to assess past debt management. A good credit history enhances loan approval chances.
Debt-to-Income Ratio (DTI): This ratio helps lenders evaluate whether you can manage monthly debt payments alongside your living expenses and the new mortgage.
Deposit and Loan-to-Value (LTV) Ratio: The size of your deposit affects your LTV ratio. A lower LTV ratio indicates lower risk to lenders.
Affordability Stress Testing: Lenders conduct stress tests to determine your ability to cope with potential financial changes, such as interest rate increases.
Property Appraisal: A professional appraisal ensures the property’s value matches the loan amount, securing the loan’s collateral.
Regulatory Compliance: Lenders must adhere to Central Bank of Ireland guidelines, which include limits on LTV and DTI ratios to promote responsible lending.

These assessments ensure that lenders provide mortgages responsibly while considering the borrower’s financial stability and the economic environment.

What types of fees are associated with a Mortgage in Ireland?

When obtaining a mortgage in Ireland, several types of fees and charges can arise during the process. Understanding these fees can help you budget more effectively and avoid surprises. Here are the common types of fees associated with a mortgage in Ireland:

Booking Fee/Application Fee: Some lenders charge an upfront fee when you apply for a mortgage. This fee can sometimes be non-refundable, even if the mortgage doesn’t proceed.
Valuation Fee: Before a mortgage is approved, the lender will require a professional valuation of the property to ensure it provides adequate security for the loan. This fee is paid to a valuer accredited by the lender.
Legal Fees: You will need a solicitor to handle the legal aspects of the mortgage transaction, including conveyancing, examining the title of the property, and ensuring that all legal requirements are met. Legal fees can vary widely based on the solicitor and the complexity of the property transaction.
Surveyor’s Fee: It’s often advisable to have a surveyor inspect the property to check for structural issues. This is separate from the valuation and is particularly recommended for older homes.
Stamp Duty: This is a government tax paid on homes costing above a certain amount. The rate of stamp duty varies depending on the value of the property.
Land Registry Fee: Fees are required to register your ownership of the property with the Land Registry.
Mortgage Protection Insurance: This insurance covers the balance of your mortgage in the event of your death during the mortgage term. While not a fee to the lender, it is a cost associated with securing a mortgage and is usually a requirement.
Arrangement Fee: Some lenders charge a fee for setting up the mortgage. This can sometimes be added to the mortgage balance.
Early Repayment Charges: If you pay off your mortgage early or overpay beyond allowed limits, you may be charged a fee, depending on the terms of your mortgage agreement.
Exit Fees: Some lenders may charge a fee if you switch your mortgage to another lender.

Understanding these fees and including them in your overall budget when planning to purchase a property is crucial, as they can add a significant amount to the overall cost of acquiring a home.

What are the advantages of Having LowQuotes as my Mortgage Broker?

Choosing LowQuotes as your mortgage broker offers distinct advantages that stem from our commitment to tailored, client-focused service. We specialize in creating personalized mortgage solutions that align precisely with your unique financial goals and circumstances. Our team of experienced advisors is dedicated to ensuring transparency and clarity in all our interactions, providing you with not just advice, but a comprehensive understanding of your mortgage options. At LowQuotes, we leverage cutting-edge technology and systems to ensure efficient and effective management of your mortgage needs, aiming to secure the best possible deals and opportunities in the market. With our proactive approach and commitment to continuous improvement and innovation, LowQuotes is ideally positioned to help you navigate the complexities of mortgage procurement, making us a trusted and reliable partner in achieving your home ownership dreams.