Overlay
Mortgages

Thinking about your first home?

We're here to support first time buyers in Ireland 

Our mortgage benefits for First Time Buyers

Getting a First Time Buyer Mortgage in Ireland

You have taken the first step on this journey. Buying a home is a big decision and at Ulster Bank we are here to help when it matters most.

  • Use our How Much Can I Borrow calculator to work out how much you can afford and how much of a deposit you need.
  • We understand buying your first home is a big decision, so we'll help support you along the way with our online calculator for first time buyers.  You can compare our rates to see which mortgage deal suits you.

Step by step guide to buying your first home

  1. Find out how much you can afford:  Before you start looking for your new home, use our mortgage calculator to find out what your monthly mortgage repayments might be or get in touch for a more detailed assessment.
  2. Start Looking:  Once you have a good idea of how much you can afford, you can start looking properly.  Make a list of what’s most important to you and put your requirements in order as buying a home usually involves some sort of compromise.
  3. Find somewhere you like and make an offer:  Remember your offer could be lower than the asking price - the price the seller asks for is not always the one they finally accept.
  4. Offer accepted? Arrange your mortgage:  Mortgages can take a few weeks to sort out. We can arrange an appointment with a Mortgage Specialist or one of our mobile mortgage managers who will keep things moving as quickly and smoothly as possible.
  5. Choose a solicitor:  You’ll need a solicitor to help you buy your home and the best way to choose one may be to get some personal recommendations, so ask friends and family.
  6. Decide if you want to get a structural survey:  Before signing the contract it is really important to have independent checks made on the property.
  7. Arrange cover:  With almost any mortgage you’ll always need to have buildings and life insurance to protect you and  cover your new home.  Whilst Contents insurance is optional, it is important to protect your belongings.
  8. Exchange contracts:  Providing there are no problems with the survey, the solicitors on both sides will draw up formal contracts for you and the seller to sign. These are legally binding so make sure you’re happy to go ahead
  9. Move in:  Moving day is exciting but it can be a long and stressful day too, so booking a professional removal firm to help might be a good idea - especially if you have a lot of possessions to shift.

Common questions

Apply for your First Time Buyer Mortgage

Book your Zoom mortgage appointment

Book a time that suits you with one of our dedicated Mortgage Managers

Ready to talk to us?

Read this important information about our mortgages.