According to the current announced plans, the programme is expected to introduce several changes compared with its predecessor, including an increased age limit of up to 55, a maximum loan amount of €230,000, an eligible property value of up to €300,000 and financing of up to 90% of the property’s value. Broader income criteria and additional provisions for larger families are also anticipated. The programme is expected to launch in early 2027; however, the final terms, eligibility requirements and application dates remain subject to official confirmation.
Why Is Mortgage Pre-Approval Important?
One of the most useful steps you can take when planning to buy a property is to obtain mortgage pre-approval, even if you have not yet selected a specific home. Pre-approval can help you understand your potential borrowing capacity and allows you to focus your search on properties that match your financial capabilities.
Importantly, mortgage pre-approval is not binding on you. It is an initial assessment of your financing potential, rather than a final loan approval or a commitment by the bank to release funds. Final approval remains subject to the bank’s credit assessment and the necessary legal and technical checks on the property.
How Can Fyrrogi Real Estate Agency Help?
In cooperation with CP Mortgage Advisors, we support prospective buyers throughout their property search and financing preparation. From exploring available mortgage options to understanding the pre-approval process, our goal is to help you make informed decisions and approach your property purchase with greater confidence. Most importantly, this mortgage advisory service is offered completely free of charge to our clients.Contact Fyrrogi Real Estate Agency to discuss your requirements and take the first step towards finding your ideal home.