Moving Back to Ireland from the UK?

A Step-by-Step Guide to Buying Your Dream Home

Are you considering moving back to Ireland from the UK and purchasing a home? Whether you’re returning for family, lifestyle, or investment reasons, buying property in Ireland as a UK citizen can be a rewarding but complex process. With Brexit altering some financial and legal considerations, understanding the process thoroughly is key to a smooth transition.

In this comprehensive guide, we’ll walk you through everything UK expats need to know about buying property in Ireland, from understanding the market to securing financing and finalising your purchase.

Why Move Back to Ireland from the UK?

In recent years, there has been a noticeable increase in UK citizens returning to Ireland. The reasons for this shift include:

• The Common Travel Area (CTA): Despite Brexit, UK citizens retain the right to live, work, and buy property in Ireland without restrictions.
• Lower Cost of Living in Some Areas: While Dublin is expensive, many other parts of Ireland offer a more affordable lifestyle compared to major UK cities.
• Work and Business Opportunities: Ireland’s economy continues to thrive, with job prospects in technology, healthcare, and finance attracting professionals.
• Reconnecting with Family and Culture: Many people with Irish heritage wish to return to their roots and be closer to family.
• Better Quality of Life: The scenic landscapes, strong sense of community, and lower population density make Ireland an attractive place to live.

Regardless of the reason for moving, understanding how to buy a house in Ireland as a UK citizen is essential for a smooth transition.

Understanding the Irish Property Market

Before purchasing property in Ireland, it is crucial to research the housing market. The property landscape differs from region to region, and prices can vary significantly.

Current Market Trends

The Irish property market is influenced by several key factors:

• High Demand, Low Supply: The demand for homes, particularly in cities, continues to outstrip supply, leading to higher property prices.
• Brexit’s Impact: Exchange rate fluctuations between the pound and the euro may affect affordability for UK buyers.
• Mortgage Restrictions: Lenders have specific requirements for non-residents applying for a mortgage.

Best Locations to Buy Property in Ireland

The right location will depend on personal needs, budget, and lifestyle preferences. Here are some of the best places to consider:

• Dublin – Ireland’s capital offers excellent job opportunities and amenities but is the most expensive area for property.
• Cork – A growing tech and business hub with a mix of urban convenience and countryside charm.
• Galway – Known for its arts, music, and culture, Galway has a vibrant community feel.
• Limerick – One of Ireland’s emerging property hotspots with more affordable prices compared to Dublin.
• Waterford – One of the most cost-effective places to buy property in Ireland.
• Donegal and the West Coast – Ideal for those seeking a rural lifestyle and lower property prices.

Legal Considerations for UK Expats Buying Property in Ireland

One of the biggest advantages for UK citizens is that there are no restrictions on buying property in Ireland. However, there are legal procedures that must be followed to ensure a smooth purchase.

Key Legal Steps

1. Engage a Solicitor – An Irish solicitor will handle the legal aspects of the transaction, ensuring that the property title is clear.
2. Obtain a PPS Number – A Personal Public Service (PPS) number is required for tax purposes when purchasing property in Ireland.
3. Review the Title and Land Registry Records – Your solicitor will check that the property is registered correctly and does not have any outstanding legal disputes.
4. Sign the Contract for Sale – Once you have agreed on a price, the contract is exchanged between you and the seller.
5. Finalise the Sale and Register Ownership – Once the full payment is made, the property is officially transferred into your name.

Step-by-Step Guide to Buying a House in Ireland from the UK

Step 1: Determine Your Budget and Financing Options

Buying a property in Ireland requires a clear understanding of your financial position.

Mortgage Options for UK Expats

Many UK expats require a mortgage to finance their purchase. Irish banks offer mortgages to non-residents, but the criteria can be strict.

• Deposit Requirements:

   

  • First-time buyers: 10% of the property price
  • Second-time buyers: 20% deposit
  • Buy-to-let investors: 30% deposit
• Major Mortgage Lenders in Ireland:

   

  • Bank of Ireland
  • AIB
  • Permanent TSB
  • Ulster Bank

If securing a mortgage in Ireland proves difficult, alternative options include:

• Applying for a UK-based international mortgage.
• Using personal savings or private investment.

Step 2: Find the Right Property

Once financing is in place, the next step is finding the ideal home.

Where to Search for Properties in Ireland

• Online Property Portals: Websites such as Daft.ie, MyHome.ie, and Property.ie list thousands of homes for sale.
• Estate Agents: Ensure they are registered with the Property Services Regulatory Authority (PSRA).
• Property Auctions: Buying at auction may provide good value but requires quick decision-making.

Factors to Consider When Choosing a Property

• Proximity to work, schools, and public transport.
• Condition of the house, including energy efficiency ratings.
• The local property market’s growth potential for resale or investment.

Step 3: Making an Offer and Paying a Deposit

Once you have found the right property, the process of making an offer begins.

• If the offer is accepted, the property is considered “sale agreed.”
• A booking deposit (typically €5,000 to €10,000) is required to secure the property.
• This deposit is refundable until contracts are exchanged.

Step 4: Conduct Property and Legal Checks

To avoid unexpected issues, the following checks should be completed:

• Building Survey – A qualified surveyor should inspect the property for defects.
• Legal Due Diligence – Your solicitor will check for any legal issues, such as disputes over land boundaries.
• Mortgage Valuation – If buying with a mortgage, a valuation report will be required by the lender.

Step 5: Sign the Contract and Complete the Purchase

Once all checks are satisfied:

• The contract for sale is signed.
• A 10% deposit is paid (minus any booking deposit already paid).
• A completion date is agreed upon for the final transaction.

Step 6: Additional Fees and Taxes

Besides the property cost, additional fees apply:

Step 7: Final Steps Before Moving In

After finalising the purchase, key tasks include:

• Registering the Property with the Land Registry or Registry of Deeds.
• Setting Up Utilities, including electricity, water, and broadband.
• Updating Your Address with relevant authorities.

Tips for a Smooth Property Purchase in Ireland

• Research the local market to avoid overpaying.
• Get mortgage pre-approval before house hunting.
• Consider currency exchange rates if transferring large sums from the UK.
• Hire an experienced solicitor to avoid legal pitfalls.
• Factor in ongoing costs like insurance, taxes, and maintenance.

Conclusion: Is Buying Property in Ireland a Good Investment?

For UK expats, purchasing a home in Ireland offers a great opportunity to reconnect with their heritage while investing in a growing property market. With a clear understanding of legal, financial, and market considerations, the buying process can be managed smoothly.

Ireland’s property market remains strong, and with the right planning, UK citizens can successfully secure their dream home in the country. Whether buying for personal use or as an investment, Ireland continues to be a highly attractive location for UK buyers.

To navigate the complexities of Irish property law, McKenna & Co. Solicitors provide expert legal assistance, ensuring a seamless transaction. We specialise in property law and offer tailored legal support to UK expats and buyers. With our quick response times, proven expertise, and high client satisfaction, we handle everything from conveyancing to contract reviews.

For reliable legal guidance, contact McKenna & Co. Solicitors today and make your move to Ireland with confidence.