Here's what the Mortgage Advisors at EBS have to say.

If you've been thinking about starting your mortgage journey, it's likely that you have a few questions about renting. Is renting a major factor for consideration in the mortgage decision? Does the fact that you're able to rent help determine your mortgage amount? Or is it something Mortgage Advisors even consider?

If you find yourself pondering these very questions then fear not, as you've come to the right place! To set the record straight, we caught up with EBS to see how paying rent impacts your mortgage journey.

Can a track record of paying rent help your mortgage application?

Absolutely! Regular rent payments allow Mortgage Advisors to see your ability to make mortgage repayments.

Great! So, what's the best way I can demonstrate this to my Mortgage Advisor?

It's normally best if your rent payments are going through your bank statements, which you will need to share with your Mortgage Advisor in any case. However, if your rent isn't paid directly from your account, don't worry! Contact EBS and the Mortgage Advisors there will help you look at alternative options.

Any other major factors that can influence your mortgage?

How much you can borrow depends on a number of factors, including your income, your financial dependents, your employment status and your marital status. To get a better idea of how much you can borrow, you can use EBS' Mortgage Affordability Calculator right here or you can book a meeting with an EBS Mortgage Advisor or call EBS directly on 0818 654 322.

Lending Criteria, Terms & Conditions apply. Over 18s only. Security may be required. EBS d.a.c. is regulated by the Central Bank of Ireland.