Reviewed by Ian, Mortgage Broker (QFA & CFA).
Getting a mortgage in Ireland usually starts with Approval in Principle (AIP) — a lender’s written indication of how much it will lend, often issued within days. Once you find a property, a formal loan offer follows valuation and underwriting. You will need proof of income, bank statements, photo ID, proof of address and evidence of your deposit.
What is Approval in Principle (AIP)?
Approval in Principle is a lender’s written statement of how much it is willing to lend you, based on your income and circumstances. It is not a final offer, but it shows estate agents and sellers you are a serious buyer. AIP is often issued within a few days of a complete application.
What documents do I need for a mortgage?
You will typically need: photo ID and proof of address; recent payslips and an employment detail summary (or accounts and tax returns if self-employed); six months of current-account and savings statements; evidence of your deposit; and statements for any existing loans. Preparing these well is where a broker saves you time.
How long does mortgage approval take in Ireland?
Approval in Principle can take a few days to a couple of weeks depending on the lender and how complete your application is. The formal loan offer follows once you have found a property and it has been valued — usually a few more weeks.
What is the difference between AIP and a loan offer?
Approval in Principle is an indication based on your circumstances; a loan offer is the lender’s formal, binding offer for a specific property after valuation and full underwriting. You need a loan offer before you can complete the purchase.
What can delay or stop mortgage approval?
Common issues include missed loan or card payments, undisclosed debts, being within a job probation period, irregular income, or transactions on your statements that concern the lender. Clean, well-presented finances make approval smoother — we help you prepare.
Frequently asked questions
Do I need Approval in Principle before house-hunting?
It is strongly recommended. Approval in Principle tells you your budget and shows sellers you can proceed, which strengthens your position when bidding.
How long is mortgage approval valid?
Approval in Principle is typically valid for around six months, though this varies by lender and can sometimes be renewed.
Does applying for a mortgage affect my credit?
Lenders check your credit record as part of the assessment. It is sensible to keep your finances clean and avoid taking on new debt in the run-up to applying.
Can a broker improve my chances of approval?
Yes. A broker matches you to lenders whose criteria suit your situation and presents your application well, which can improve your chances and save time.
How Harbour View can help
As an independent, regulated mortgage broker we guide you through every step. Related guides: How much can I borrow? · Help to Buy · First Home Scheme · How much deposit do I need?. Talk to us for a free, no-obligation consultation.
This guide is general information, not financial advice, and is based on rules that can change. Warning: your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.
