First Time Buyer

Buying your first home is one of the biggest financial decisions you will ever make.  It is imperative that you consider the associated costs in purchasing your home.  We are here to advise and guide you through this process in a professional and time efficient manner.

92% finance available from a number of Mortgage lenders for FTBs.  Every lending institution has a different set of criteria in assessing how much you qualify for.  Some lenders calculate borrowing ability by a straightforward multiple of your income while others will allow you to borrow a percentage of your net disposable income.  Ultimately your income will dictate how much you can borrow.  Income includes basic pay, overtime, commission, bonuses or any additional money that is subject to tax. 

In addition to this, the Revenue allow for Rent a Room Relief – where a room (or rooms) in a person’s principal private residence is let as residential accommodation, gross annual rental income of up to €10,000 is exempt from tax.  This does not affect an individual’s entitlement to mortgage interest relief or CGT exemption for a principal private residence.

Field Financial Services Ltd will ensure that you obtain the maximum loan amount at the most competitive rates.