We'll get you ready for your first home


• Find out how much you’ll need as a deposit

• Get tips to keep your savings on track

• Wherever you’re at, it’s easy to talk to one of our mortgage experts


Biji & Sithosh smiling together in the kitchen of their new home.

Biji & Sithosh's
first home, Cavan

 Biji and Sithosh sitting together with their three sons.on a couch in their new home.
Where does it all start?

It’s a big step when you’re thinking of your first home. It takes lots of planning and saving. We’ve helped lots of people get there in the end. We can talk to you about:

✔ Keeping you on track to saving a deposit
Calculating how much you might be able to borrow when the time comes 
✔ Getting you ready to apply

Whatever stage you’re at, everything you need to know is here. Read a guide, watch a video. Take your time. And when you’re ready to chat we’ll help however we can, wherever it suits you. 

Book an appointment

First steps

Like anything that looks complex at first, the trick is to take your time and break it down into smaller steps. Everyone’s experience of buying a home is different. Most people that have been through it will tell you that their expectations change along the way. Be as realistic as you can and be prepared to adjust your expectations and compromise on the house, location or timescale.

A customer using a tablet for banking in a local AIB branch.
Find out how much you can borrow

Use our calculator to get an idea of how much you could borrow. It asks a few simple questions like how much you earn, how you spend and what you want to borrow.

One of our customers Vincent in conversation with Robbie McGuinne, one of our mortgage advisors.

To see how much you may need for a deposit and other costs such as solicitor fees and stamp duty, use our mortgage calculator. Once you know how much you need to save, make a plan. With us you can give your savings account a nickname and an icon.

Deposit Calculator
One of our Mobile Mortgage Manager Michéal Lynn seated at a desk and talking to a customer.
Michéal Lynn, Mobile Mortgage Manager, Galway

You don’t need any documents or deposit saved to chat to us. We’ll make sure you’re on the right track from the start by helping you make a plan.

Book an appointment
Daniel and Nicole comfortably sitting in their new kitchen in conversation with mortgage advisor Eoin Clifford.

Approval in principle is when we agree, in principle, to give you a mortgage based on the information you’ve given us. Then you’ll know how much you have to spend on your new home.

Apply now

Watch how it all works


What is a mortgage? 2 mins

What is a mortgage? 2 mins

Sithosh & Biji’s savings advice 35 sec

Sithosh & Biji’s savings advice 35 sec

Making sense of mortgages 2 mins

Making sense of mortgages 2 mins

Here's how it all works

Set a goal

Work out how much it will cost to buy your first home, then set a savings target. You'll need to have at least 10% of the price of a house as a deposit, plus more for stamp duty and legal fees. Divide this figure into a sensible savings amount per month or week, depending how often you get paid.

Check out our savings calculator to get a clear idea of the deposit you need. It will show you how much you need to be saving each month to meet your target.

Deposit calculator

Open a savings account

We have lots of different saving accounts to choose from. Check out the different savings options to see which one is right for you. If you have a habit of dipping into your savings, maybe set up a notice account where you have to give notice before taking money out.

Savings options


Make a savings plan

Take a look at how much you spend to see exactly where your income is going. Break down your spending into buckets to see where you can cut back.

Keep up a good credit record by repaying any loans or credit cards on time. 

Focus on your basic income. You can’t always rely on overtime payments, so we won’t count them.

You can also take a deep dive into your finances with the My Money Manager tool to spot where your budget is going. It’s on our mobile app. This tool tracks your spending in easy charts and graphs, making it simple to see where you’re spending your money. You can also nick name your savings accounts so you have a target to aim for.

Stay motivated

Keep motivated when you’re cutting back on spending. Remind yourself why you’re saving … whatever inspires you and keeps you focused. You can name your savings account to help keep you motivated.

The little things

You’ll be surprised how much you can save when you shop around. Ring around for quotes on your broadband, electricity, and car insurance. Write down all of your expenses and create a realistic weekly budget, then pay yourself in cash every week and stick to it.

Don’t forget to treat yourself

Set aside some savings for something fun. Little treats will keep you focussed on goals.

Think of a mortgage as a home loan; a way to get your feet on the property ladder - the first step on the way to getting out of renting, or living with parents and getting a home of your own. Let’s look at a couple of basics. 

Basically a mortgage is a loan used to buy a home.  And the home becomes the security for the mortgage loan. A bank agrees to lend you money to buy, build or renovate a home and you agree to repay it.

When you apply for a mortgage with us we’ll give you what’s called an Approval in Principle. This shows how much we’re able to lend you based on the information you’ve given us. Of course, this isn’t a loan yet, but you can go house hunting confident of what you can afford.

With our mortgage calculator it’s easy to find out how much you could borrow. Calculate Mortgage Online

There’s also rates to consider. We’ve competitive fixed and variable rates, but what do these mean?

Fixed Rate or Variable Rate?

You can chose between a fixed interest rate, a variable one or a combination of both.

A fixed rate mortgage has a rate of interest which doesn’t change for a set period of time, so you know exactly how much you pay every month. A fixed rate makes it easier to budget for payments. But remember it’s fixed for a certain time like three, five or seven years and if you change it before the end, we may charge you a fee. 

A variable rate mortgage has a rate of interest which can change, for example, if we change our rates. We will always tell you in advance if it is going to go up or down and how your monthly repayment amount will change as a result.

So you have approval in principle, what’s next?

You go house hunting, find a home, make an offer and hopefully it goes sale agreed. When that happens let us know and we’ll guide you through the next stage. That includes things like getting the home valued by one of our valuers, getting it insured, telling us who your solicitor is, getting a mortgage protection policy in place and so on. It sounds daunting but we’ll help you through it all. 

When everything’s done we’ll send you a contract – what we call a letter of offer - to sign. Your solicitor will also get a copy and they’ll take you through it before you sign it and they send it back to us.  

Pop into a branch, make an appointment on aib.ie or ask us to call you back when you can speak with one of our Mortgage Experts.

You don’t need any documents or deposit saved to chat to an Expert. We’ll make sure you’re on the right track from the start by helping you make a plan to get the deposit together. If you can’t make it to a branch, we can come to meet you, so this may also be an option for you. 

Get your paperwork together

Once you’ve saved your deposit you will need to show us that you can afford to keep repaying the mortgage.  Your Mortgage Expert will tell you exactly what documents you need to give us, such as payslips, bank statements, credit card bills and proof of saving or gifts..

Apply for Approval in Principle

Once you have your deposit together you can apply for a mortgage and receive an Approval in Principle. This is when we agree, in principle, to give you a mortgage, based on the information you’ve given us. Then you’ll know how much you have to spend on your new home. There will be more conditions you’ll have to meet, but we’ll make these clear so you’ll know what else you have to do before we can lend you the money. The approval lasts for 12 months.

You can apply online, over the phone, or in a branch with one of our Mortgage Experts. If you’re unsure about anything, why not book an appointment online or pop into a branch to speak with one of us?

Once our Mortgage Expert gives you approval in principle, you’re well on your way. We’ll make all the next steps as easy as we can for you. We’ll send you a link to My Mortgage, which lets you control the rest of your application in your own time.

✔  My Mortgage works on your mobile 
✔  It takes you step by easy step through everything 
✔  It's interactive with messages and uploads

Book an appointment

Help to Buy icon.Did you know?

You may be eligible for help with your deposit from the government.

Saving for a deposit is hard work, but with the Government Help to Buy incentive for new developments, you may be entitled to get up to 5% of the purchase value back. If it works out for you, the Government’s Help To Buy incentive could give you an extra €20,000 towards buying your home. 

Search Help to Buy scheme on Revenue.ie

 Frequently Asked Question icon.Get to grips with the mortgage lingo

Some of the language of mortgages can be difficult to understand. At the same time there are certain terms that have certain meanings. We do our best here to explain things in plain language.

We're here to help, talk to a mortgage expert when and where it suits you.

Book some time with us

And your local mortgage expert can help you with your new application

Talk to us
Talk to us

Mortgage experts are here to help

AIB Branch

It's now easier to apply

Home Regulatory Information

Allied Irish Banks, p.l.c. is an agent of AIB Insurance Services Limited in relation to provision of general insurance products. AIB Home Insurance is exclusively underwritten by AXA Insurance dac. AIB Insurance Services Limited is regulated by the Central Bank of Ireland.

Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank u.c. in relation to origination and servicing of mortgage loans and mortgages. AIB Mortgage Bank u.c. is regulated by the Central Bank of Ireland.

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 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 in the future.

Get Started 

Get Started 



It’s now easier to apply

Apply Online

Talk to us 

Mortgage experts are here to help

Book an appointment

Book some time with us

Your local mortgage expert can help

Book an appointment