Mortgage question - foreign resident buying in Ireland

What are the mortgage criteria for buying a property in Ireland for a self-employed French resident? How many years accounts do I need? How much down?

Many thanks.

Main criteria for any body is they have a steady income, usually ask for a salary cert from an employer which is stamped (I.e salary from which a bank can make a calculated risk assessment). You need a P60 (from revenue, look up revenue.i.e. P60, shows earning for year, tax, PRSI), passport, bank statements for at least 6 months, show some savings/investments, I think that's the main criteria.....I'm sure ppl will correct me, but this is what I was asked for!


Maximus152.

I don't think a P60 applies to self-employed people?

plant43 said:

I don't think a P60 applies to self-employed people?

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No - in that case the lender will probably want to see several years' worth of audited accounts as far as I know.

lenders generally want 3 years accounts and confirmation that your tax affairs are up to date, you can get this from your accountant.
other than that the main difference for you being non resident is how much they are prepared to lend you, the max is 80% of the value of the property.