Are you mortgage application ready? All you need to know to apply for a mortgage with Avant Money

Buying a home is one of the most important decisions you will ever make. It can be exciting, but sometimes confusing as you consider how to apply for a mortgage and hopefully secure your dream home! Many are unsure about the general mortgage requirements, what you need to get started, and the overall mortgage application steps involved. All of these can look different for each lender.

Interested in getting a mortgage with Avant Money? Let’s explore the mortgage application steps and what is involved in securing your dream home.

Avant Money mortgage application steps

The mortgage application process with Avant Money can be divided into five main steps: getting mortgage ready, seeking approval, getting a loan offer, getting ready to close, and moving in or switching your mortgage.

1. Getting mortgage ready

   This is the stage where you’re preparing for your mortgage application. You need to have proof of a steady income to prove you can afford the repayments, detail of any financial commitments (such as personal loans or credit cards), information on any dependents and some up-to-date documents to verify your identity.

   If you are buying a new home, you will need to understand what deposit you will need based on your circumstances and have a clear idea of what kind of property you want to buy. It’s worth using our ‘how much can I borrow’ and ‘how much will it cost me’ calculators to research what home buying budget you have.

   • For first-time buyers, the maximum loan you can borrow is 90% of the total value of the home you wish to buy. This means you must be able to show that you have saved the remaining 10%.
   • For other borrowers, the maximum you can borrow is 80% of the value of the home you wish to buy. This means you will need to show proof of a 20% deposit.

2. Getting mortgage approval

   This is the stage where you submit your mortgage application. You can apply directly with Avant Money online or through a broker. We will consider your circumstances including your income, expenses, credit history and the value of the property. If everything looks good, you will receive an approval in principle, confirming that you qualify for a mortgage and outlining your next steps. Your approval in principle is valid for twelve months, giving you time to find the right property and proceed to the next stage.

3. Getting a mortgage offer letter

   You're almost there! At this stage, you or your broker will need to provide Avant Money with the property details (address and purchase price), your solicitor’s contact info, and arrange for a valuation report. This process can take several days, so make sure to allow enough time.

   You can order a valuation through Valuation Management Services (VMS) at www.vmsireland.ie. Avant Money has appointed VMS to manage the valuation process, but you will be responsible for the cost of the valuation.

   Once we receive all necessary documentation and the valuation report, we’ll issue a formal mortgage offer letter to both you and your solicitor.

4. Getting ready to close

   This is the stage where you are getting ready to finalise all the legal paperwork and drawdown your mortgage. You will need to arrange property insurance, life assurance, and agree the closing date with your solicitor and Avant Money. You will also need to pay the stamp duty (where applicable) and the legal fees associated with the mortgage. Avant Money will transfer the funds to your solicitor’s account on the closing date and you can then receive the keys to your new home or complete the switch of your mortgage to Avant Money.

5. Moving in or switching your mortgage

   This is the stage where you enjoy the benefits of your new home. You will start making your monthly mortgage repayments to Avant Money one month after we have transferred the funds to your solicitor. You can also avail of flexible features on our Fixed Rate Mortgages, including our 10% annual overpayment allowance, which allows you to pay off your mortgage sooner and make savings on interest repayments over the long term.

   We will keep in touch, with an annual mortgage statement and any other updates on your mortgage. Please also see our first-time buyer mortgages and guide to mortgage switching.

Navigating the mortgage application process may seem overwhelming, but with the right guidance and preparation, it can be a smooth and manageable journey. At Avant Money, we provide you with clear steps and comprehensive support to help you achieve your homeownership goals. From getting mortgage ready to moving into your new home or switching your existing mortgage, we strive to make each stage as straightforward as possible.

Avant Money have designed a range of innovative mortgages to suit your needs. Avant Money offers a competitive range of Fixed Rate Mortgage options in the market with fixed rate terms ranging from three years to thirty years. Our unique One Mortgage offers a single fixed rate for the full term of the mortgage, making it the only mortgage in Ireland where your repayment will never change.*

Alternatively, you may prefer the flexibility of a variable rate mortgage. A variable rate allows flexibility; however, it also means that your interest rate and your repayment may go up or down. Our Flex Mortgage offers a variable rate, which is based on a European benchmark rate, the 12-month Euribor, plus a margin. Each year your rate will be reset, and depending on how the benchmark rate has moved, your rate will either increase or decrease, but your agreed margin will not change. You also have the flexibility to make as many overpayments as you like without penalty and if you decide to move product in the future, you can do so at any time, without paying an exit fee. However, if you move off your Flex Mortgage it may not be available to you again.

* One Mortgage unique/only claim is based on comparison against competitor mortgage products as advertised on their websites as of 19th November 2025.

** 10% overpayment allowance is based on the balance at the start of each year. An early redemption fee may apply for overpayments above your allowance. A maximum of two overpayments per calendar year are allowed.

Lending criteria and terms and conditions apply. The monthly repayment on a 20-year mortgage with Loan to Value (LTV) greater than 80% with variable borrowing rate of 3.95% on a mortgage of €100,000 is €603.35 for 240 months. Total amount repayable is €145,028.74. If interest rates increase by 1% an additional €53.85 would be payable per month. For this example, Annual Percentage Rate of Charge (APRC) of 4.0% applies and consists of variable borrowing rate of 3.95%, valuation fee of €185, and security release fee of €40. LTV is the amount borrowed as percentage of the value of your home. Information correct at 19th November 2025 and subject to change. You mortgage your home to secure the loan. Maximum loan is generally 3.5 times gross annual income (4.0 for first time buyers) and 90% of the property value (80% for switchers). The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home. Applications from residents of ROI over the age of 18 only, and subject to repayment capacity, financial status and property valuation. We require property and life insurance.

The following warning applies in the case of the Flex Mortgage which is a Benchmark Variable Rate loan:

For more information visit Avant Money mortgages.

Bankinter S.A., trading as Avant Money, is authorised by the Banco de España in Spain and is regulated by the Central Bank of Ireland for consumer protection rules.