How much of a deposit is needed to get a 200 thousand euro mortgage?

In southern Ireland. Posting this again as no one seemed to have any ideas this morning perhaps someone does now!How much of a deposit is needed to get a 200 thousand euro mortgage?
It really depends on the type of mortgage you are looking for. I'm not familiar with how it works in Ireland, but can tell you how it works here.





For a traditional fixed-rate loan, you will need to put down 20% of the purchase price. In your case that would be 40.000 euros, and finance the remaining 160.000 euros over a period of generally 30 or 15 years.





There are many programs in the U.S. for first time buyers and the like which allow you to put little or no money down and finance 95% or more of the purchase price, but since the housing bubble popped, those are much more difficult to come by. For example, FHA loans are popular and easier to qualify for since the government ensures the loan should the borrower default, but you pay a higher interest rate.





ARMs or Ajustable Rate Morgages have always been a popular choice because of their low fixed teaser rate that tracks the prime interest rate after a specified period of time, often as short as one year. For example, it would start at 5% and then go as high as 12% over the life of the loan depending on how interest rates go up or down. You do not have the security of a fixed payment during the life of the loan as you would have with a fixed rate loan. A lot depends on how long you plan on being in the house.





I know I wasn't able to provide information targeting Ireland's mortgage practices, but I hope this has been helpful to you.