PUBLIC SECTOR MORTGAGES 1 - Money Maximising

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
Up to 4 applicants allowed for each mortgage application

Waiver of probation for Public Sector Employees for new entrants and or promoted internally.
Available for first-time buyers, switchers, and equity release
Flexible repayment options
Streamlined online application process
Competitive rates
20% overpayments
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. Only one applicant needs to be employed in the public sector to qualify. Whether you’re a first-time buyer, second-time buyer, looking to refinance, or invest, a public sector mortgage might be a viable option for you.

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.

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:

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.

UP TO 4 APPLICANTS CAN APPLY TOGETHER

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

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.

APPLICATION REQUIREMENTS

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.

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 more than through a standard mortgage provider.

Qualify for a higher mortgage as a public servant using a public sector mortgage.

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, Seamus and Anne would only be able to borrow €396,772 (4 times the current combined salaries), with only €176,772 for renovations after repaying their current lender. In this example, the applicants will have an additional €58,324 for renovations.