First Time Buyers 


Central Bank Rules for First Time Buyers 


Loan To Value:

  • First Time Buyers need to have a minimum deposit of 10%.    

Loan To Income:

  • The LTI limit restricts the amount of money you can borrow to a maximum of 4 times your gross income. 

Help-To-Buy Scheme

The Help-to-Buy scheme is scheduled to run until 31 December 2024 having been extended by the Government in the 2023 Budget. For New Properties only and all applicants must be First Time Buyers. Help-To-Buy scheme provides rebate of up to 10% of purchase price, Max is €30,000/€500,000 price. Must borrow at least 70%. Rebate based on income tax paid over the 4 years prior to purchase.

Fixed or Variable Interest Rate

Knowing your facts when it comes to your mortgage interest rate is very important. A Fixed Rate will give you the security of knowing what exactly your mortgage repayments will be for a certain period of time, for example 2 years, but with a Variable Rate mortgage your repayments fluctuate with the economy.

First Time Buyer 2 Year Fixed (LTV < 60%) available to First Time Buyers:

  • Interest rate is 3.50% for 2 years
  • APRC is 2.9%
  • Maximum Loan-to-Value is 60%
  • Maximum term 35 years

First Time Buyer Variable Rate (LTV 60-80%) available to First Time Buyers:

  • Interest rate is 3.70%
  • APRC is 3.1%
  • Loan-to-Value between 60% and 80%
  • Maximum term 35 years

Significant savings available both on monthly repayments & overall interest charges.

One size does not fit all, your own bank offers just 1 product. 

First Time Buyer Example

3 Bedroom Duplex Price: €310,000

Mortgage: €279,000 (90%)
Rate: 3.50%
Loan Term: 30 years
Monthly Repayment: €1,252

We Offer

Special Legal Package
Free Property Valuation

Your Contribution:

Savings/Gift – €15,500
Help To Buy – €15,500 (if qualify)

Make An Enquiry


8 + 6 =

How Can We Help 


MC Financial can advise you on:

  • Do you qualify for a mortgage
  • How much can you borrow
  • How much of a deposit will you need
  • How long will approval take
  • How long will approval last for
  • What documentation do you need
  • Which lender has the best rates
  • Should you choose Fixed or Variable
  • What is the longest term you can obtain

Contact Us for More Details


Phone: 01 822 8022
Mobile: 087 932 1882

MC Financial Services
Unit 9, Coolmine Enterprise Centre,
Coolmine, Dublin 15

Why choose MC Financial? See Q6 in FAQ’s

Why not check out our dedicated mortgage Guide for First Time Buyers.

Would you like to talk to someone you can trust, who will give you the best options based on your circumstances? If so, contact MC Financial today on 01-8228022, or call MC Financial anytime on 087 9321882



”Hi, just want to thank Rob for setting up a fund for me. Was a great help and the advice was top quality”

Sean Carr

”Michael has changed my life for better, everything quickly and professionally, if you need a mortgage, Michael is the man, who is to make arrangements since the beginning of the end. I would highly recommend Michael to everyone!!!”


”This is the opportunity for me to say thank you again, Michael, as you were always there for me and my husband and never tired no matter how big or small the question was. Michael should be nominated for Nobel prize for Home Economics. He deals with every case with greatest care and efficiency advising the best options you could make.”

Natalia Suchecka

”Michael worked extremely hard for us as our Taxes and organizing Life Cover. He has also given us very valuable advice on organizing our finances and prioritizing for the future. We would recommend whole heartly for his honesty and professionalism.”

Pauline Dowling

Warning: If you do not keep up your repayments, you may lose your home. You may have to pay charges if you pay off a fixed rate loan early

Get In Touch

Would you like to talk to someone you can trust, who will give you the best options based on your circumstances? If so, contact MC Financial today on 01-8228022, or call us anytime on 087 9321882


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