How much deposit do I need to buy a house?

This is a really common question, people are still unsure about how much they have to have in order to get a loan. While it is simple enough in terms of the rules, what is tricky is that keeping track on exceptions becomes difficult in a ‘live mortgage loan’ situation because some may draw down and others don’t.


  1. anne

    I wonder why people don’t borrow from banks in the EU?
    Is it a very difficult thing to do?
    Maybe interest rates would be more favourable or fixed terms better?


    • Karl Deeter

      The main reason is that banks won’t lend outside of their jurisdiction (in general) because of the limited recourse they’d face or the barriers to recourse should they need to repossess. In particular in Ireland this process is very drawn out. So a bank would either move here and start lending or not lend at all (typically, of course, someday that can change).

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