Pangea Mortgages

Mortgage Broker Ireland


Why use a mortgage broker in Ireland?

Mortgage Broker Ireland have helped provide their customers with professional advice and are able to compare (and de-jargonise) all of the offers from Banks. They also have access to an array of lenders that are not available to customers directly such as Finance Ireland and ICS. Irish Mortgage Brokers understand how the Banking process works and they do all the heavy lifting for customers.

You can leverage years of experience and Banking contacts rather than trying to figure it all out yourself. Above all most are not tied to one Bank, so that means they are not trying to offer you one i.e. Bank (AIB) over another (BOI). They work for you – the customer.

How do I qualify for a mortgage in Ireland?

Full time Employment

You need to be in permanent, full time employment. Either PAYE or Self-employed. Certain Banks will also have residence requirements so you will need to be based in Ireland and paying tax here too. If you have recently started a new job or are in a probationary period, the banks will not consider you for a mortgage

Income Requirements

Under the Central Banks lending guidelines , you can borrow 4x your combined income (if applying with a partner). There are certain circumstances where you can borrow more than4x – but you will need to speak with a professional mortgage broker, Dublin based, but available nationwide – Pangea Mortgages!

Account Performance

Other items to look out for when applying are account performance. You need to keep your current account in surplus and not be overdrawn in the last 6 months. Also high credit card usage and persistent borrowings can count against you. A common mis-conception is that paying high rent will count against you – this is not true as it actually demonstrates to the Banks your ability to service property repayments.

Consistent Savings Record

Try also to have a consistent savings record. Each month put aside as much as you consistently can afford. It’s no good saving a large amount for three months and then having to use some of these savings to cover expenses in month 4. Contact Pangea Mortgages and we can draw up a plan that will help you reach your savings target. If you need to compare brokers then you can view

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Repayment capacity

That your income less expenditure still leaves enough each month to meet the proposed mortgage repayments. We look at your Nett (after tax) income each month and see what your outgoings are, and we can then assess how much of a mortgage you could afford to repay each month. Any rent that you are paying or savings that you have each month, will count towards this repayment capacity. Most first time buyers believe that paying high rent can count against you – but for repayment capacity, its actually beneficial.

Gross Income is 4x the mortgage amount

With the first time buyer scheme, your income (combined if applying with a partner) must be 4x the mortgage amount. Say for example you have two applicants, both earning €50k (combined €100k per year) – this would enable you to get a mortgage of €400k. The value of the property will need to be at least €445k to satisfy the additional first time buyer deposit requirements. Which we outline below. The rules for second time buyers are different so contact us to learn more

First time buyer deposit

With a first time buyer mortgage you can borrow upto 90% of the value of the property. This means, as in the example above, you only need to have a 10% deposit saved. The Banks prefer to see these savings as consistent weekly/monthly build up over say 6 months. Be consistent. Don’t try and put in an amount say €1,000 in month one and then need to take out €200 of this to cover expenses the next month. We can work with you to plan out your cashflows to prepare for a first time buyer mortgage. Getting consistent Bank statements that meet the lenders requirements is very important in a first time buyer application. We will help you put your best foot forward.


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Mortgage Broker Ireland

How much does a mortgage broker cost Ireland?

Generally they get paid a fee from the Bank once your mortgage draws down. It’s the same fee from all Banks so they are not incentivised to favour one over the others. From a customer point of view they work for you, interact with the Banks, put in applications and they can also arrange your Life and Home Insurance. What’s not to like? For professional Irish mortgage brokers Dublin contact Pangea Mortgages now.

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It will just take a few minutes to find out how much money you can save! We help you achieve your property goals.

Mortgage brokers Ireland? Who’s the best and where are they based ?

Well that’s an easy one ! not only are Pangea Mortgages a fantastic mortgage broker Dublin, but when our customers think Mortgage Brokers Ireland – they think Pangea Mortgages.

We have not only friendly and helpful staff , but we also have highly qualified advisors who can help you with all of your financial needs. We are also happy to have a long chat with you on where property prices are going and how you can best position yourself to take advantage. We will run through all the questions you have about the process and love breaking down the complicated Banking jargon to make it easy for you to understand and compare the offers out there. We are a mortgage broker Dublin based, but we have our own revolutionary mortgage platform that allows us to cover all areas of the country.

We are happy to take an initial consultation over Zoom , Teams or just the phone if you feel more comfortable and you can then upload all your documents onto our lending platform- this cuts out all the trips back and forward with bundles of paper – its all digital with Pangea Mortgages! We are technologically a leading mortgage brokers Ireland.

In general for 80%-90% Loan to Values the rate is currently in the low 2%s – this will vary with the length of time you wish to fix for and may include other offers like Cashback. With cashback its worth speaking to any mortgage brokers Ireland as they can compare and contracts the costs of mortgages with and without cashback and see which one is most suitable for you and your circumstances.

If you are a first time buyer, you will need a 10% deposit. For a second and subsequent buyers you will need 20% of the value of the property. The reason the Central Bank has a deposit requirement is to stop a customer from falling into negative equity – this is where the property is worth less than the mortgage.

The deposit acts as a buffer against any fall in the house price. So from a Banks viewpoint, the larger the deposit (buffer) the lower the risk and therefore the lower the price they charge you (interest rate)

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Fiona Britton
John was excellent to deal with, timely, efficient and helped us secure a mortgage with an excellent rate, we are in our home because of him !
slavisa miskovic
Quick response, definitely will ring them back
Aoife Derwin
Very nice conversation and clear advice given. Any questions that I had they were very happy to answer and also welcomed any further questions that I may have down the line. Overall very pleasant experience and greatly appreciated as I have a more realistic perspective on savings.
Ben Campbell
We were able to secure our mortgage and buy our first home through Pangea Mortgages. John made the experience as stress free as it could be, with great communication throughout the process! Ben
Sush Matilda
John is a great person to work along,had a great support during our journey to buy our dream home.Highly recommended.
marion fehily
it was great to have John at the other end of the phone to take the stress out of the whole process for us.he got everything over the line just in time before the mortage rates increased so we really appreciated his help and expertise..
Seán Ó Briain
John advised us over a 16 month period, as we planned and prepared to trade up. He assessed our goals and set us targets which over time saw us purchase our home. Reliable advice, no nonsense appraisals and regular communication made it a pleasure to deal with Pangea Mortgages…highly recommended. Sean & Nora
Derek Anderson
We used Pangea back in 2021 and the level of support from John was excellent from day 1 application to draw down date. Their online portal is easy to use with clear guidance of the documents required. Also John was readily available and always reachable to discuss any queries if needs be. It certainly took a lot of the stress away from the whole process and I would highly recommend them.
Walter Pugliese
Very professional service