Public Sector Mortgage

1. Employees of the public sector such as nurses, guards, teachers, doctors, army officers, civil servants.
2. Only one applicant needs to be a public sector worker to avail of the offer.
3. This type of mortgage can be used for all mortgage types e.g. FTB, switchers, equity release, etc.

Here’s an example:

• Susan is a teacher who needed to borrow €180,000 to purchase her first home.
• As a teacher on point 6 of the salary scale and earning €40,942, she was limited to borrowing €163,768 based on 4 times her income.
• She can now apply as though she is 2 points up the salary scale.
• Susan’s earnings are now based on point 8 of the salary scale, equating to €44,873 and granting her approval to borrow €179,492.