If there’s one question that pops up all the time about mortgages, it’s how much can I borrow?
It’s a question that there is no quick, one-size-fits-all answer to. The Central Bank of Ireland has specific mortgage lending criteria however each lender will have their own approach to mortgage lending. You need the best mortgage for you and your situation. It’s what all those meetings with your mortgage advisor are for!
A guideline limit of 3.5 times your gross income is the maximum borrowing capacity for most people, though there are exceptions. In certain cases, you can borrow up to 4.25 times your gross income, but that’s subject to things like age, employment, and your credit history.
So you see: there is no quick answer.