How is the monthly repayment worked out?

As a level repayment over the term: each month's interest is charged on the balance, and the rest of the payment reduces the loan. Early on, most of each payment is interest.

How much can I borrow?

Under Central Bank rules, up to 4 times income before tax for first-time buyers and 3.5 times for others. You can borrow up to 90% of the price (70% to let it out). Lenders can go above the limits for a few loans.

Buying property

Mortgage repayments and amortisation

See your monthly repayment, the interest over the term, and how much overpaying saves, year by year.

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Common questions

How is the monthly repayment worked out?: As a level repayment over the term: each month's interest is charged on the balance, and the rest of the payment reduces the loan. Early on, most of each payment is interest.
How much can I borrow?: Under Central Bank rules, up to 4 times income before tax for first-time buyers and 3.5 times for others. You can borrow up to 90% of the price (70% to let it out). Lenders can go above the limits for a few loans.

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