Spring 2018 rate highlights
Variable rates 90% ltv mortgages from 3.15%. Available through our partner Haven Mortgages Ltd ( AIB Mortgage Group) This is the lowest variable rate on the market for high loan to value mortgages. This rate is also their standard variable rate which is important as it is the rate that mortgage holders follow on to after a fixed rate expires
5 year fixed <80% ltv 3.2% ( 2% cash back + monthly cash rebate) . Available through our partner permanenttsb. Cash Back offers are popular with many buyers because they free up cash to assist with home decoration after a purchase. From a longer term perspective cash back offers can prove expensive, if the rates that apply from the lender offering the cash back are not competitive in the medium term. Many buyers take up the cash back offer on the assumption that if the lender does not offer competitive rates in the future they will move, but that assumes that the lending conditions allowing them to move elsewhere are available!
4 year fixed rates <90% 2.6%. Exceptionally low fixed rate through our partner Ulster Bank for over €200,000 value mortgages with a minimum 20% deposit. Ulster currently promotes that they offer existing customers the same rates as new customers and it is very important that this offer remains in place for mortgage holders.
5 year fixed rates <80% ltv >€500,000 from 2.5%. Again exceptionally low 5 year rate aimed at higher value mortgages available through our partner, Ulster Bank,.
10 year fixed rates <60% ltv from 3.05% . The lowest ten year fixed rate we have ever seen in Ireland, available through our partner KBC. KBC have consistently led the market into reducing rates for the benefit of buyers. The presence of strong International Lenders in our mortgage market is very welcome and adding a few more lenders to the market would help. especially if these lenders were willing to provide development finance as well as consumer finance.
Your mortgage horizon is very important when choosing between variable and fixed rates. In an ideal world, we would eliminate risk and fix for as long as possible within the horizon of our expected ownership of the property, provided longer term fixed rates were attractive.
Mortgages.ie provide you with impartial information to help the decision making progress. Use the table below to view the latest lender mortgage rates.
If you feel bewildered by the wide range of mortgage options available, why not talk to one of our experienced consultants who will take you through the options and help you choose the mortgage that's right for you. Either fill in the quick contact form or telephone 01 8327250 for no-obligation, free advice.
For our latest commentary of mortgage rates please visit our Mortgage News section.
Other useful tools:
- Mortgage Repayment Calculator Compares mortgage rates across Irish Mortgage lenders and calculates monthly repayments
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- Mortgage Protection Calculator This calculator compares mortgage protection insurance and Life insurance across all the main Life Companies and applies exclusive discounts available to Mortgages.ie visitors