First Time Buyer
Buying your first home is one of the most important financial decisions you'll ever make. With KBC Bank Ireland's long history of mortgage provision in Ireland, we have the experience to guide you every step of the way.
Our job is to make the whole process as simple and hassle free as possible so that the purchase of your first home is a happy and memorable experience.
Click here for a copy of the Irish Banking Federation First Time Buyers Guide
KBC Bank Ireland's First Time Buyer package offers:
- Mortgage advice with quick loan approval
- Up to 80% finance
- Up to 30 year term
- Dedicated mortgage consultant
- Range of flexible repayment options
We have also put together a list of Frequently Asked Questions which is designed to help first time buyers. This explains a lot of the terminology used and gives you information you may find useful when applying for your first mortgage.
For jargon free, helpful and concise information about your first mortgage, talk to one of our mortgage consultants today at 1800 27 28 29 click here to Contact Us
Important Information
CONSUMER PROTECTION CODE 2012
EFFECT OF MISSING REPAYMENTS
WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR CREDIT AGREEMENT, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE.
TRACKER INTEREST RATE
WARNING: IF YOU SWITCH TO AN ALTERNATIVE INTEREST RATE YOU WILL NOT BE CONTRACTUALLY ENTITLED TO GO BACK ONTO A TRACKER INTEREST RATE IN THE FUTURE.
RESIDENTIAL MORTGAGE
WARNING: IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME.
VARIABLE RATE MORTGAGE
WARNING: THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE.
DEBT CONSOLIDATION MORTGAGE
WARNING: THIS NEW LOAN MAY TAKE LONGER TO PAY OFF THAN YOUR PREVIOUS LOANS. THIS MEANS YOU MAY PAY MORE THAN IF YOU PAID OVER A SHORTER TERM.
FIXED RATE LOAN
WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED RATE LOAN EARLY.
INTEREST ONLY MORTGAGE
WARNING: THE ENTIRE AMOUNT THAT YOU HAVE BORROWED WILL STILL BE OUTSTANDING AT THE END OF THE INTEREST-ONLY PERIOD.
PERSONAL LENDING
WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR LOAN, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE.
CONSUMER CREDIT ACT 1995
HOUSING LOAN
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
VARIABLE RATE LOANS
THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
ENDOWMENT LOANS
WARNING: THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT. THE EARLY SURRENDER OF AN ENDOWMENT POLICY IN RESPECT OF AN ENDOWMENT LOAN MAY YIELD A LOWER RETURN TO THE BORROWER THAN THAT PAID IN PREMIA AND OTHER CHARGES.
Lending criteria Terms and Conditions apply. Security and insurance are required. The maximum mortgage is 80% of the property value. As a general rule, loan amounts are subject to monthly repayments of up to a maximum of 50% of disposable income and will vary according to individual circumstances. A typical variable mortgage rate of €100,000 over 20 years costs €619 per month (Annual percentage Rate (APR) 4.34%) excluding insurance. The cost of your monthly repayments may increase. A 1% rise will increase this repayment to €674 (Annual Percentage Rate (APR) 5.38%) excluding insurance. This is an increase of €55 per month. Rates quoted above are effective from 1st December 2011. Please contact KBC Bank Ireland to receive more information on charges which may apply to early repayment of fixed loans. For accurate real-time information and rates, please contact KBC directly for specific tailored information to meet your particular requirements. All information, prices and rates quoted in this Guide are for guidance only and do not form any part of a legal contract, agreement or understanding.
