Public Sector Mortgage for First-Time Buyers in Ireland by Money Maximising Advisors Limited

 

Make Your Dream of Homeownership a Reality with a Public Sector Mortgage in Ireland!

If you’re employed in the Irish public sector, you may be eligible to borrow significantly more with a Public Sector Mortgage. Let’s take a look at how two public service professionals, Pat and Mary, benefited from this opportunity to boost their borrowing limit.

Pat holds a Clerical Officer post in the Department of Health (Grade 7, Point 4), earning an annual salary of €53,904. Mary works at the Department of Education as a Clerical Officer (Grade 4, Point 6), with a salary of €36,215.

Here’s what many don’t realise: According to Central Bank guidelines, first-time buyers can borrow up to four times their qualifying income. With the Public Sector Mortgage, however, the qualifying income calculation includes three increments above their current salary grade — as well as guaranteed allowances and overtime.

Let’s break it down:

  • Pat’s qualifying income: €61,975 (includes €3,360 in allowances)
  • Mary’s qualifying income: €48,107 (includes €6,000 in overtime)
  • Combined total: €110,082
  • Maximum loan amount: €110,082 × 4 = €440,328

With their 10% deposit added, Pat and Mary could potentially purchase a property worth €489,253 — that’s €79,852 more than what a conventional mortgage would offer!

➡️ Discover how you too can enhance your mortgage eligibility and take a step closer to owning your first home.

For further information, visit:
👉 www.mmadvisors.ie/public-sector-mortgages/

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