Interest Rates

The rate you pay on your Mortgage is ultimately determined by the European Central Bank (ECB).
The ECB meets each month to determine interest rate for countries within the Euro zone.
The current ECB rate is 1%, which has been at this rate for the last number of months.

In effect the Banks pay this rate to borrow funds in the market , so naturally they will add a Margin to cover their costs and make a Profit.
These margins are trending upwards - so speak to us today to source the most competitive margin for you

What factors affect the Interest rate you pay :

Whether you choose a Variable or Fixed interest rate

The value of your Mortgage relative to the value of the Property - often referred to as the Loan to Value or LTV

The availability of discounted rates which often apply to the first year or two of the Mortgage

Whether the Loan is for your home or an Investment Property

Variable rates :
These are rates which will vary as the ECB changes its rates. The most competitive form of Variable rate is a Tracker rate explained below.

Tracker rates :
These are variable interest rates which use a set margin above the ECB rate and this margin will remain constant .
For example , if a Tracker rate is at 1.5% over the current ECB rate , you pay 2.5%.

Fixed rates :
Fixed rates are normally rates which are Fixed for a defined time period - 1 , 2 , 3 , 5 and 10 year are the most commonly available.
They offer peace of mind at a time when interest rates are rising.
However you pay a premium for this - if rates are on the way up , you can expect to pay between 0.5% and 1% of a premium over the best Variable rate available.

Products of the Month :

1 year Fixed for a First Time Buyer : 3.09% (APR 2.82%)

2 year Fixed rate : 3.25% (APR 2.89%)

3 year Fixed rate : 3.65% (APR 3.06%)

Variable rates from 2.59% (APR 2.62%) (LTV <50%)

LTV = Loan to Value , which is the % the Mortgage represents against the Value of the Property.
Rates above subject to an arrangement fee of 0.5% unless stated otherwise.
The LOWEST rates are available if you have built up equity in your Property - so speak to us TODAY to find out what rate is available to you.

We are independent Mortgage Intermediary with access to a number of Lenders in the Irish market .
The benefit of working through an Intermediary is that we can check the market for the best rate available for you and save you a lot of work in doing so.
We can also advise on how much you can borrow with the various Lenders .

WARNING : YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED RATE LOAN EARLY
THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE - IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME

Next step: Just fill out this simple form so that we can get the best quote for you