Expat trying to buy a house in Ireland - advice needed

A

AineB50

Guest
I am keen to buy a house in Ireland. I am Irish and have lived overseas for the past 25 years. I have a home in the UK that I will sell which will help fund my Irish home. It will allow me to put 50% deposit.
My questions are:
Will an Irish Bank give me a mortgage or is it better to go through a broker. Currently we do not live in the UK but in Doha. Salary is paid in Doha but is transferred to the UK to cover our mortgage there. My husband has a good tax free salary which is about 100K euros. Limited savings.
Are we considered first time buyers because it is our first Irish Property?

What is the cost of buying a home there.

Any information would be appreciated.
 
Have you a price in mind so of what you intend spending if you know what the approx 50% deposit will be form sale of UK house?
Will you husband continue to work abroad.
I would suggest you set up a bank account here and start transferring money in as savings while you wait through the process.
When you ask what is the cost of buying a house - do you mean fees outside of mortgage? This is usually down to cost of property. there will be some land registry fee, searches and the actual conveyancing costs.
 
Thanks for you quick response. The asking price is 300K & we would need a mortgage for 150K but we may get it for less. It has been on the market for many years and the price has been greatly reduced. It is an older property and in need of some modernization and updating.
The costs I am referring to are all the extras that you have mentioned.
Yes my husband will continue to work abroad while I renovate the house.
Can you open bank account online or do you have to go to the bank in person?

Thanks
 
Sorry to hijak your thread. I was just wondering if anyone knows of any Irish Banks that are willing to offer mortgages on Irish properties to expats?

I'm a British national marrying an Irish girl in the next few weeks and am looking at potentially purchasing a residential property and/or investment properties. As I say, I'm a UK national and we are both based in South Africa.
 
You would not be considered as a first time buyer in Ireland since you already own a property in the UK.
 
HMC said:
You would not be considered as a first time buyer in Ireland since you already own a property in the UK.
Click to expand...

This is correct in relation to stamp duty, however the reduced rates/exemption for FTBs has been abolished.

For TRS purposes, assuming OP has not previously claimed TRS in Ireland she would indeed be considered an FTB.
 
Aine, on the revenue.ie website are a list of phone numbers and probably an email address. I'd clarify the exact situation with revenue in writing if I were you.
 
From [broken link removed] pdf document:

The term “first time buyer” means an individual who has not previously been
entitled to relief in respect of interest paid on loans used for the purchase,
repair, development or improvement of an individual's sole or main residence,
i.e., interest paid on a 'qualifying loan' within the meaning of Section 244
TCA 1997.
 
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