Irish Independent: Your Questions: What determines how big a mortgage we can secure to buy a home?


According to chairman of the Association of Irish Mortgage Advisors, Trevor Grant. Your repayment capacity is a combination of your monthly rent, savings and any loans which will be cleared prior to you obtaining a mortgage.

You should look at your monthly expenditure and see which items you can reasonably cut out, which will then increase your monthly savings and ultimately the size of your deposit.