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