Mortgages for Foreign Nationals in Ireland
Local banks and other lenders in Ireland do issue mortgages to foreign nationals. Some of the local lenders that provide mortgages in Ireland include:
- Bank of Ireland (https://www.bankofireland.com/)
- AIB (Allied Irish Banks) (https://www.aib.ie/)
- Ulster Bank (https://digital.ulsterbank.ie/personal.html)
- Permanent TSB (https://www.permanenttsb.ie/)
It is advisable to research and compare the mortgage products offered by different lenders, taking into account interest rates, repayment terms, and any additional fees or charges.
Deposit When Buying a Property in Ireland
The deposit required when buying a property in Ireland depends on various factors, including the purchase price, the type of mortgage, and the lender’s requirements. On average, a deposit of 10% – 20% of the purchase price is required.
Responsibility for Outstanding Debts on the Property in Ireland
New property owners in Ireland are not responsible for any outstanding debts on the property unless they have agreed to assume these debts as part of the purchase agreement. It is important to thoroughly investigate the financial history of a property before purchasing it, including any outstanding debts or liens, to ensure that you are aware of any liabilities that may arise.