Updated 10/02/06
I don't think it would be feasible to post the criteria of each lender as each has a detailed guide however as a rule of thumb the following might help;
Single applicant earning less than €30,000 - 4 times salary
Single applicant earning €30,001 - €45,000 - 4.5 times salary
Single applicant earning €45,001 - €60,000 - 4.75 times salary
Single applicant earning over €60,000 - 5 times salary
Joint applicants (both earning) - 4.5 times combined salary (all incomes)
Joint borrowers (one earning) - 4.5 times salary (all incomes)
Salary is defined as basic pay (as shown on payslips/bank statements) plus a percentage of additional income such as overtime, bonus and commission. Some lenders only take a maximum of 10% regardless, some will allow all additional income for occupations such as guards, nurses, etc. Most lenders will add in income from "rent a room" but only from single applicants and the property must have more than one bedroom (!).
Finally if applicants have other loan commitments such as loans or maintenance the annualised repayments must be deducted from the gross salary before applying the salary multiple.
The above is a general guide - it's not the most aggresive criteria on the market in all groups - but should give potential borrowers an idea of their ballpark loan amount.
Kind regards,
Sarah