Can I Apply for a Mortgage in Northern Ireland?
Mortgages work slightly different throughout the UK regions, with fewer lenders in Northern Ireland than you'll find in London. There are, however, plenty of options and mortgage products designed specifically for Northern Ireland homebuyers.
The Revolution team summarises how property purchases work and what sort of terms to expect on a Northern Ireland mortgage.
For help with your borrowing requirements, contact the Revolution Brokers team directly on 0330 304 3040 or via email at [email protected].
How Do Mortgages Work in Northern Ireland?
Firstly, if you are a British national, you don't need permission to buy a NI property. Most mortgages run with terms from 10 years to 25 years, although that isn't set in stone.
There are UK-wide lenders, although fewer mortgage providers cover Northern Ireland. You'll also find postcode restrictions in some regions.
Just as in England, the larger the deposit you have, the better. Most lenders will need at least a 5% deposit, even for first-time buyers, but the higher the deposit, the lower the interest rates you are likely to pay.
You can find 100% mortgages without a deposit, but these are rarer, and you will almost certainly need a guarantor.
2023-05-09 
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