Ireland Mortgage Calculator

Frequently asked questions

What mortgage rates apply in Ireland?

Irish lenders offer variable and fixed rates, with fixed terms commonly one to five years and some longer green mortgage rates. The Central Bank mortgage measures cap most lending at 3.5 to 4 times income and 90% loan-to-value for first-time buyers. Compare the APRC, not just the headline rate, and factor in any cashback offers when choosing a product.

Is mortgage interest tax-relievable in Ireland?

Mortgage Interest Relief was phased out for most homeowners from 2020 onward under Revenue rules. A temporary relief at 20% was reintroduced in Budget 2024 for owner-occupiers whose outstanding balance was between 80,000 and 500,000 euro at the end of 2022, subject to a 1,250 euro annual cap for a single person and 2,500 euro for a couple. Check Revenue.ie for current eligibility and the TRS claim process, as the relief is time-limited.

What is stamp duty on a residential purchase in Ireland?

Stamp duty on residential property in Ireland is 1% on the first 1,000,000 euro of the purchase price and 2% on the balance above that, under Schedule 1 of the Stamp Duties Consolidation Act 1999 as amended. First-time buyers do not receive an exemption from stamp duty, though they may benefit from the Help to Buy scheme, which provides a refund of income tax and DIRT paid over the previous four years, up to 30,000 euro or 10% of the purchase price, whichever is lower.

How does the Central Bank loan-to-value limit work?

Under the Central Bank of Ireland mortgage measures, first-time buyers can borrow up to 90% of the property value, meaning a minimum 10% deposit is required. Second and subsequent buyers are limited to 80% loan-to-value. Lenders can allow a small proportion of new lending above these limits each calendar year under an exceptions allowance, but exceptions are not guaranteed. The income-based limit of 4 times gross income applies to first-time buyers; secondary buyers face a 3.5 times limit. Both limits apply simultaneously so the binding one will be whichever results in the smaller loan.