We here at Adrian Hassett Auctioneers know that securing mortgage approval is one of the most important steps in the home buying journey. In 2026, with lending rules firmly established and competition strong in many areas, buyers who prepare properly place themselves in a far stronger position when the right property appears.
Before attending viewings, buyers should obtain mortgage approval in principle. This is confirmation from a lender that, based on the information provided, you may borrow up to a certain amount. It demonstrates to sellers and agents that you are serious and financially prepared. In competitive situations, having approval in place can make the difference between securing a property and missing out.
Lenders will assess income, employment stability and repayment capacity. Most will require recent payslips, employment details, bank statements and evidence of savings. Self employed applicants should expect to provide up to three years of certified accounts or tax returns. Consistent income and clear financial records strengthen your application.
Your deposit is equally important. In Ireland, first time buyers are generally required to provide at least ten per cent of the purchase price, while other buyers may need more. In addition to the deposit, you must budget for legal fees, stamp duty, valuation costs and other associated expenses. Lenders will examine your savings pattern, so regular deposits and responsible spending habits are beneficial.
Credit history also plays a role. Missed loan repayments, unpaid bills or excessive borrowing can impact approval. Reviewing your credit profile in advance allows you to address any issues before applying.
Buyers should also consider their monthly affordability. Approval for a certain loan amount does not mean you should borrow the maximum available. Consider future costs such as childcare, commuting, utilities and property maintenance when assessing comfortable repayment levels.
Finally, remember that mortgage approval has a validity period. If your search extends beyond that timeframe, you may need to reapply or update documentation.
Preparation brings clarity and confidence. Entering the market with mortgage approval in place allows you to focus on finding the right property rather than worrying about financing at the last minute.
If you would like to discuss buying or selling a property, contact us on 0871303206 or email sales@adrianhassett.com or visit adrianhassett.com.
Disclaimer: This article is based on publicly available information and is intended for general guidance only. While every effort has been made to ensure accuracy at the time of publication, details may change and errors may occur. This content does not constitute financial, legal or professional advice. Readers should seek appropriate professional guidance before making decisions. Neither the publisher nor the authors accept liability for any loss arising from reliance on this material.
