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Months 1–2
Build up your deposit, clear old personal loans where you can, and settle into a spending pattern a lender will recognise as stable — this is the groundwork everything else depends on.
Months 2–4
Payslips, bank statements, salary certificates, ID — the sooner you gather these, the sooner we can submit your file. Most delays at this stage come from missing paperwork, not lending decisions.
Months 4–5
A letter from a lender indicating they'd consider offering facilities up to a certain level, based on the information you've provided. Not a formal loan offer — but the essential first step before you can make an offer on a property.
Months 5–6+
With AIP in hand, you know your real budget and can move fast when the right property comes up. Sellers and agents take offers backed by AIP far more seriously than a vague budget.
A single person earning €75,000 gross would qualify for a mortgage of roughly 4 times income — €300,000.
Gross income → net monthly
€75,000 → €4,400/mo
Mortgage at 3.5%, 35 years
€1,240/mo repayment (28% of net income)
Stress-tested at 5.5%
€1,611/mo (36% of net income)
After mortgage + living expenses (€1,500/mo)
€1,300/mo left over
Lenders test two things: the income multiple (here, 4x gross income) and whether the stress-tested repayment still leaves you comfortable after normal living costs.
35 years
€1,240/mo
30 years
€1,347/mo
25 years
€1,501/mo
Shortening from 35 to 25 years costs an extra €261/month but clears the mortgage ten years sooner — worth considering if your repayment capacity can stretch to it, since lenders will want to see evidence you can actually afford the shorter term.
Work out your budget, then get Approval in Principle — no cost, no obligation.