Public Sector Mortgages: A Smart Move for First-Time Buyers - Money Maximising Advisors


Thinking of buying your first home in Ireland? If you work in the public sector, there are several ways to boost your mortgage potential. From government schemes like the Help to Buy initiative to the First Home Scheme, there’s a lot you could be eligible for. Let’s take a closer look at how a couple made it work.

Case Study:
Meet Tom and Sarah — both are employed in the civil service, each earning €45,000 annually and currently on point 5 of the pay scale. Their expected progression to point 8 will bring their income to €52,000.

What does this mean for their mortgage? Lenders can consider projected salary increases up to three pay scale points above their current one. As a result, their borrowing capacity increased by €28,000.

As first-time buyers, Tom and Sarah qualified for both the Help to Buy scheme and the First Home Scheme. They had €10,000 saved, which also contributed to their home purchase.

Here’s the breakdown of how they funded their €498,000 home:

  • €416,000 — secured through a Public Sector Mortgage
  • €30,000 — received from the Help to Buy scheme
  • €42,000 — contributed via the First Home Scheme
  • €10,000 — from their personal savings

By combining these supports, Tom and Sarah were able to comfortably purchase a property worth nearly half a million euros.

Want to explore your own eligibility and borrowing potential? Learn how to make the most of government-backed mortgage support.

👉 Schedule a consultation with Money Maximising Advisors Ltd today and take the first confident step towards homeownership: mmadvisors.ie/public-sector-mortgages

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