Can a site be used as a deposit for a mortgage?
Yes the value of the site will be considered as part of your equity when applying for a mortgage.
You can borrow up to a maximum of 90% of the purchase price of the property.
We do not lend for the purchase of studio apartments valued at under €275,000. However, up to 80% loan to value is available for a studio apartment valued at €275,000 or above or a one- bedroom property.
The total cost of the build together with the value or purchase price of the site is used to calculate the total cost in the case of a self build.
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