Second Time Buyer Mortgage

Park Financial deals with all lenders on the Irish market and all Life Insurance providers. This makes sure you are getting the best advice.

Park Financial is a Dublin-based mortgage broker serving home buyers, movers and mortgage switchers across Dublin City, North Dublin, South Dublin, Fingal and Dún Laoghaire–Rathdown. Our mortgage advisers meet clients throughout Dublin, including areas such as Dublin 1, Dublin 2, Dublin 3, Dublin 4, Dublin 5, Dublin 6, Dublin 6W, Dublin 7, Dublin 8, Dublin 9, Dublin 11, Dublin 13, Dublin 14, Dublin 15, Dublin 16, Dublin 17, Dublin 18, Dublin 20, Dublin 22 and Dublin 24.

We also help customers in areas including Clontarf, Drumcondra, Glasnevin, Raheny, Swords, Malahide, Howth, Blanchardstown, Castleknock, Tallaght, Terenure, Dundrum, Rathfarnham and Dún Laoghaire, Blackrock.

As a First Time Buyer the maximum a lender can lend is x 4 times your salary. As a Second Time Buyer the maximum is x 3.5 times your salary. In certain cases, a lender will make an exception and allow you to borrow above this amount. This is considered a Central Bank exception.

Using an independent Dublin mortgage broker gives you whole-of-market access that individual high-street banks cannot match. While a direct bank can only sell its own internal products, an independent broker acts as your personal advocate to compare live interest rates, terms, and cashback offers across the entire Irish lender panel.

Key advantages of choosing an independent broker like Park Financial include:

• Whole-of-Market Access: Park Financial instantly compare top retail banks and non-bank lenders, including Avant Money, MoCo, ICS Mortgages, Haven, Bank of Ireland, PTSB, Spry and Núa.

• Maximum Legitimate Borrowing Capacity: Different lenders apply different income stress-testing criteria; a broker matches your specific profile to the bank most likely to grant exceptions or higher loan amounts.

• Accelerated Digital Onboarding: With Park Financial’s 100% paperless platform, you can upload documents and track milestones securely online, allowing our team to secure a bank Approval in Principle (AIP) up to 3x faster than traditional brokers.

A mortgage broker simplifies the switching process by comparing the entire market to find lenders offering lower interest rates, cashback incentives, or better terms. They handle the heavy lifting, such as advising you on your current loan-to-value (LTV) ratio, identifying potential savings, and managing the paperwork involved in moving to a new provider. By acting as your advocate, they ensure you avoid unnecessary fees and secure a deal that reduces your monthly repayments or shortens your mortgage term.

This will be dependent if you are classed as PAYE or Self-Employed.

PAYE

• Salary Certificate
• If you are on a contract a copy of this will be required:
  • 3 months payslips
  • 6 months bank statements for all accounts
  • ID & Proof of Address

Self-Employed

• Accountants letter confirming your tax affairs are up to date
• 2 years Accounts, Chapter 4/Notice of Assessment & Form 11s
• 6 months business account statements
• 6 months personal bank statements for all accounts
• ID & Proof of Address

We work with home buyers, movers and mortgage switchers across all areas of Dublin, including Dublin City, South Dublin, Fingal and Dún Laoghaire–Rathdown. Whether you’re buying your first apartment, moving to a larger home or switching your mortgage, our advisers can help you compare suitable mortgage options.

As a first-time buyer you will be eligible for the Help to Buy, First Home Scheme, Tenant Home Purchase and the Local Authority Scheme.

Yes. Many self-employed applicants successfully secure mortgages each year. We help business owners, company directors and sole traders prepare the documents lenders require and compare mortgage options from lenders that consider self-employed applications.