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20% deposit for first time buyer outside Dublin Area?

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  • 29-08-2020 1:25pm
    #1
    nimrod86
    Registered Users Posts: 751 ✭✭✭


    All set for a mortgage with KBC as a single applicant and first time buyer. Initally told them I was looking to buy around Kildare/North Wicklow, and was told a 10% deposit was needed (as is fairly standard). In the end I've gone sale agreed on a house in Offaly (2km from the Kildare border) and have now been told that for properties outside of Kildare, Dublin, Wicklow, (and possibly Meath) a 20% deposit is required.

    It's more than I planned as a deposit initially, but it is doable, and I've come around to the idea as it reduces the amount borrowed and all that, but has anyone else come across this before, and is it a central bank rule or a KBC only rule?


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