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Self Build Mortgage

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— DREAMING OF BUILDING A HOUSE —

An exciting project 

Building your own home is one of the biggest and most exciting projects you could ever undertake. With so many decisions to make, what keeps you going throughout the process is the knowledge that you are not just building a house, but a home custom designed for your lifestyle.  Read our guide to building your own home for more tips & advice 

Up to 3% cash back

Get up to 3% back in cash. That’s 2% upfront and 1% in 5 years off the value of your new mortgage if you are building your own home 

How it works

Green 4 year fixed rate mortgage

Get a lower rate of interest if you are building a high energy rated home 

Find out more 

Two months free home insurance 

Protect your new home and save some money on your first year’s home insurance bill

Find out more 
— WHAT WE OFFER —

Let’s help get you into your new home

See how much you could borrow

Use our calculator to figure out how much you can comfortably afford to borrow and repay each month

Speak to our mortgage advisors

Book an appointment with one of our Mortgage Advisors who will help you navigate the application process

Get your approval in principle

This will give you a good idea of how much you can borrow. Generally, this will last up to 6 months

Fixed rate or variable rate?

All our rates explained and broken down here

Find out more
— FAQ —

Got some questions? 

Here are some useful answers to big questions.  

By rule of thumb, you can borrow 4.0 times your income.  This will all depend on whether you’re a first time or next time buyer - the Central Bank rules will come into play here, and the amount you can borrow will be based on your income, your house price, and what you can afford. 

For first time buyers, maximum Loan To Value (LTV) available is 90% of the site cost/value plus cost of construction or 90% of the valuation on completion, whichever is lower. 

For second time buyers, maximum Loan To Value (LTV) available is 80% of the site cost/value plus cost of construction or 90% of the valuation on completion, whichever is lower.  

We’ll also need to make sure you can still live within your means. The amount you can borrow also depends on what you can comfortably afford to repay monthly, this typically should not exceed 35% of your disposable income. It’s all about that comfort cushion. 

Why not use our mortgage calculator  to see what you can afford.

Self-builders can draw down their cash in up to six stages, as your home is being built – so you can borrow only what you need across the period of the build (which is handy). 

Cash flow is king when building your own home, so you can apply for interest only repayments for the first 12 months or until the final valuation, whichever comes first. Having an interest-only period will result in an additional cost of credit, which is the total cost of deferring capital during the interest-only period. 

When you build your new home, you may also need cash to fund additional costs such as: 

  • Mortgage protection cover and home insurance (we can arrange this for you, no problem, or you can get it through another insurance company). 

  • Valuation fee (you will need to use a valuer from the EBS Residential Mortgage Valuers panel) 

  • Legal fees for your solicitor   

  • Surveyor fees to look over the house before you move in 

  • Stamp duty. Log on to revenue.ie for the latest stamp duty rates 

  • Possible repairs and decoration costs on your new home. 

  • Storage & moving fees. 

Need more support?

Contact us

Book an appointment with one of our Mortgage Advisors who will help you navigate the application process

TALK TO A MORTGAGE ADVISOR
Regulatory Information
  • Lending criteria, terms and conditions apply. Over 18s only. Security may be required.
  • WARNING: If you do not keep up your repayments you may lose your home.
  • WARNING: You may have to pay charges if you pay off a fixed-rate loan early.
  • WARNING: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.
  • WARNING: The cost of your monthly repayments may increase.
  • WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.