Property investment in abroad

V

VIKI

Guest
I am not an irish citizen but living & working in Dublin.I am considering buying an apartment in my native country.My question is, can I get a mortgage in Ireland? If not- I can apply for one in my country- but I am wondering if that would affect my firts time buyer status in Ireland.

Can someone advise?
 
It will affect your FTB status regardless of where you get the funds from. Once you buy a property anywhere within or outside the state you lose your FTB status I'm afraid. See on Oasis under First time buyers. Note the quote "...purchased or built on his/her own behalf a house in Ireland or abroad"
Sorry to be a bearer of bad tidings.
 
I'm not an expert, but AFAIK, the irish banks will only give you a morgage for a property abroad if you already have a property (or other asset) in Ireland which can be used as security if for some reason you can not pay back the morgage.

I know (Irish) people who have bought properties in Estonia and got a morgage from an Estonian bank. If you don't own any property here, then best to look for a morgage abroad where you're buying the property.
 
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