PUBLIC SECTOR MORTGAGES
Bigger Loans. Lower Rates. Faster Approvals - Exclusively Servants
As a public sector employee, you’ve dedicated your career to serving
others. Now it’s your turn to benefit from a mortgage designed to
recognise your stability, reliability, and long-term earning potential.
Whether you’re purchasing your first home, moving to a new property, switching lenders for a better rate, or releasing equity, a Public Sector Mortgage offers some of the lowest interest rates available in Ireland, enhanced borrowing power, and a straightforward application process — with approval possible in just 48 hours.
Benefits Summary:
- Qualify for a larger mortgage than your typical bank mortgage
- Use your future salary as qualifying income (5 points up current payscale, put allowances and overtime)
- Children's allowance is recognised as income
- 40-year mortgage terms available if required
- Will lend up to the applicant's 80th birthday
- Less stringent proven repayment ability rules
- Flexible repayment options
- Streamlined online application process
- Available for first-time buyers, switchers, and equity release
- Competitive rates
- Waiver of probation for Public Sector Employees for new entrants and or promoted internally.
- 20% overpayments
- Up to 4 applicants allowed for each mortgage application
- You can also use any overtime/allowances
A Mortgage Designed Around You
To make homeownership more accessible, we assess your income at 4 points above your current pay scale, immediately increasing the amount you can borrow. We also consider 100% of your regular overtime and guaranteed allowances, provided they are confirmed by your employer.
Even if you’re newly promoted or currently on probation, we’ll assess your application based on your employment history and suitability for the role. Our mortgage consultants are highly experienced in public sector pay scales and terms, ensuring a faster and more efficient journey from application to approval.
WHY THIS MORTGAGE STANDS OUT
Alongside some of the most competitive rates in the market, you can choose from variable, 3-year, or 5-year fixed-rate options. Flexible repayment terms mean your mortgage can adjust with your changing circumstances.
WHO IS ELIGIBLE?
Public Sector Mortgage is available to a broad range of professionals — including teachers, nurses, gardaí, doctors, army officers, civil servants, and other government or state-employed workers. If one partner in a couple works in the public sector, your household may still qualify under the scheme. It’s ideal for first-time buyers climbing the property ladder, existing homeowners switching lenders, or those upgrading to a larger home. It also suits public sector staff wishing to release equity to fund home improvements, education costs, or other personal needs.
NON-NATIONALS ALSO QUALIFY
The majority of non- nationals who work in public sector will still qualify for a public sector mortgage. The following visas kare accepted.
- Stamp 1
- Stamp 1G
- Stamp 2
- Stamp 3
- Stamp 4
- Stamp 5
- Stamp 6
The Pillar Banks of Ireland
This is not the case when applying through the normal pillar banks in Ireland.
Probation Period to Qualify
Please note that applicants do not have to be passed their probation period to qualify
CREDIT ISSUES
If you have some issues with your credit score, you may still qualify for a public sector mortgage. If the credit issue can be explained and is not too significant, other applicants still qualify. However, applications are assessed on a case-by- case basis. Examples of credit issues that may be overlooked are:
missed credit card payments or old student loans
issues of repayments of loan due to an uncooperative ex-partner, etc.
UP TO 4 APPLICANTS CAN APPLY TOGETHER
Up to 4 applicants can apply together on the same mortgage application. For example 2 couples can apply together on 4 siblings, as long as they are all first time buyers and down own any other property.
Public Sector
Mortgages
APPLICATION REQUIREMENTS
To qualify, applicants must be aged 18 or over and no older than 80 at the end of the mortgage term. The property must be located in the Republic of Ireland and intended for use as your primary residence.
Applicants will need to undergo a full property valuation and must hold buildings insurance and life cover.
A minimum 10% deposit is required, however, this can be obtained using the applicant’s savings, the Help to Buy incentive (for first-time buyers), and/or a gift from family/friends.
Proven repayment ability rules are very flexible,and public sector applicants can pass this test with limited proof of savings.
Online Application process – 48-hour turnaround for mortgage approvals With our fast-track online application, expert advice tailored to the public sector, and the possibility of approval within 48 hours, this is your opportunity to secure a mortgage that works harder for you.
Apply online today and take the next step towards owning a home with better rates, increased borrowing power, and long-term value — all tailored to support those who serve.
Watch These Real-Life Scenarios on YouTube
Example 1
Public Sector Mortgage for First Time Buyers
Meet Tom and Sarah. They both work as civil servants and each has an annual salary of €45,000. Both are on point 5 of their salary scales. Point 8 of the civil servants’ pay scale is €52,000.
The future salary of up to 3 points current paygrades can be used as their qualifying incomes. This increases their borrowing power and max mortgage by €28,000.
As First-Time Buyers, they will qualify for the Help to Buy scheme, the First Home Scheme. They have €10,000 in savings.
In summary, by utilising all of the incentives available to them, Tom and Sarah managed to purchase a property for €498,000. HOW?
€416,000 – from a Public Sector Mortgage
€30,000 – from the Help to Buy scheme
€42,000 – from the First Home Scheme, and
€10,000 – from their own savings.
They were able to purchase a property worth €498,000 by using all of the incentives available to them.
Example 2
Qualify for a higher mortgage as a public servant using a public sector mortgage.
Meet Pat and Mary, both working in the public sector. Pat is a Clerical
Officer in the Department of Health, and Mary is a clerical officer in the Department of Education.
Pat is on Grade 7 – pay point 4 with a salary of €53,904, and
Mary is a Clerical Officer Grade 4 – pay point 6 with a salary of €36,215
Under Central bank rules, a first-time buyer can borrow up to 4 times their qualifying income.
With a Public Sector Mortgage, qualifying income is taken as 3 points up a public servant’s current pay grade, plus any guaranteed average overtime and allowances. The breakdown of qualifying income is as follows;
- Pats’ qualifying income is now €61,975……calculated as
- 3 points up his current pay grade plus allowances of €3,360
- Mary’s qualifying income is now €48,10…..calculated as
3 points up her current paygrade plus guaranteed average overtime
of €6,000
Total combined qualifying income with a public sector mortgage is €110082
The total Mortgage amount they can borrow is €110,082 x 4 = €440,328.
When this is added to their own 10% savings deposit, they could purchase a property worth €489,253
With a public sector mortgage, they were able to borrow €79,852 morethan through a standard mortgage provider.
Example 3
When this is added to their own 10% savings deposit, they could purchase a property worth €489,253 With a public sector mortgage, they were able to borrow €79,852 morethan through a standard mortgage provider.
Here is a detailed example of how 2 public sector employees used a public sector equity release mortgage to pay for home renovations
Meet Seamus and Anne, they are both civil servants and would like to switch their mortgage of €220,000 from their current lender and are looking for an additional loan amount to renovate their home.
Seamus is a Clerical Officer and on Grade 7 – pay point 7 with a salary of €57,919, and Anne is also a Clerical Officer and on Grade 4 – pay point 9 with a salary of €41,274
With a public sector mortgage, they can borrow up to 4 times their
qualifying incomes. Seamus’s qualifying income is as follows;
total salary is based on €65,612 (3 points up their salary scale) plus
allowances of €2,168 Anne’s qualifying income is as follows;
total salary is based on €48,162 (3 points up their salary scale) plus
Consistent average overtime over the past 3 years of €4500
Total qualifying income for both applicants is €113,774
The maximum mortgage that they can borrow is €113,774 x 4 = €455,096 After paying their current lender the outstanding €220,000, the couple will have €235,096 for home renovations.
Under normal lending guidelines,
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Money Maximising Advisors Limited is regulated by the Central Bank of Ireland.