Reviewed by Ian, Mortgage Broker (QFA & CFA).
As a first-time buyer in Ireland you can generally borrow up to four times your income with a 10% deposit, and may qualify for Help to Buy (up to €30,000) and the First Home Scheme (up to 30% shared equity). This guide walks you through every step from deposit to keys.
How much can I borrow as a first-time buyer?
Generally up to four times your gross income, at up to 90% loan-to-value. Work out your figure in our detailed guide to how much you can borrow in Ireland.
How much deposit do I need?
At least 10% of the purchase price. Our deposit guide explains where your deposit can come from and what else to budget for.
What schemes can help me?
Two Government supports can make a big difference for first-time buyers of new homes: the Help to Buy scheme (up to €30,000 towards your deposit) and the First Home Scheme (up to 30% shared equity). Many buyers combine both.
How do I get mortgage approval?
Start with Approval in Principle, then a formal loan offer once you find a home. Our mortgage approval guide lists the documents you need and the timeline.
The buying process, step by step
- Save your deposit and check what schemes you qualify for.
- Get Approval in Principle so you know your budget.
- Find a home and go sale agreed.
- Get a valuation and your formal loan offer.
- Your solicitor completes the legal work and you get the keys.
How Harbour View helps first-time buyers
We guide first-time buyers through every step — searching the market for the right mortgage, lining up Help to Buy and the First Home Scheme, and managing your application to loan offer. Advice from Ian, a QFA and CFA Charterholder. Talk to us for a free, no-obligation consultation.
Frequently asked questions
How much do first-time buyers need to buy a home in Ireland?
Typically a deposit of at least 10% of the price, plus costs such as stamp duty (1%), legal and valuation fees. Help to Buy and the First Home Scheme can reduce what you need to save.
What help is available for first-time buyers in Ireland?
The main supports are the Help to Buy scheme (a tax rebate of up to €30,000 towards a new-build deposit) and the First Home Scheme (shared equity of up to 30% of the price). Both are for first-time buyers of new homes.
What is the first step to buying a house?
Save your deposit and get Approval in Principle from a lender so you know your budget. A broker can prepare your application and tell you which schemes you qualify for.
Do first-time buyers pay stamp duty in Ireland?
Yes. Stamp duty of 1% applies to residential property up to €1 million. There is no first-time-buyer exemption, but Help to Buy can offset some of your upfront costs.
General information, not financial advice. Warning: your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.
