would we get a mortgage?

Me and my fiancée are hoping to buy a house in the next year. we have seen a house that is on the market for 200,000.
income one 26,000 with overtime of 2,000 age-30
income two 33,000 which will be growing every year with a max of 60,000 at retirement age. age 27

we have savings of 22,000.
we are both living at home so we are paying no rent or bills etc.
our expenditure includes our cars and travel.
we have no credit cards or over drafts
Do we need more savings or would be able to apply now?
How much could we borrow based on these amounts?

This looks quite straightforward. A little more detail is needed, but it looks likely that you could get approved now, and that you don't need to save more before applying. Three key questions:

• Do you have any children?
• How long are you in your respective employments?
• How much per month have you been saving, over the last 6 months?

Assuming the answers to the above questions don't have a big impact on your chances of qualifying, you should be fine to start applying now. I assume you both have completely clean credit histories as well.

Your combined incomes of ~€60,000 would qualify for a maximum of around €210,000 under the 3.5 times income rule. If you are both first time buyers, then you could potentially borrow up to 90% of the purchase price, i.e. €180,000. Given your ages, and I assume you have no loans, then you would most likely be able to get approved for the €180,000 that you need in your circumstances. The stamp duty will be €2,000, and your legal fees will be around €2,000-€3,000. This means you have a little more to save up, but it takes a couple of months for everything to go through anyway.

Best Regards,
Dave Curry, Irish Mortgage Corporation
https://ie.linkedin.com/in/davecurryirl