PTSB also offers 2% cashback lump sum for new customers (not on the 4 year fixed rate) and 2% off the monthly repayments back until 2027.BOI offer 2% cashback to all new customers and 3% to those who stay with them for 5 years.(excluding 4 year fixed rate green mortgage) Haven will give €5000 cashback on fixed rate mortgages of €250k plus.Over the past several years it was usually the case that variable mortgage rates were often lower than fixed rates – but right now some of the fixed rate deals are lower than variable rates.įind out more about Irish Mortgage Lending Limits Mortgage Cashback : With interest rates at their lowest for many years – it is likely that variable rates will increase during the next few years. You will not be affected by sudden increases (or decreases). The most important thing to remember is with a fixed rate, you have the safety of knowing exactly what your mortgage repayments will be for a certain period of time. ( DFP Mortgages Limited trading as Moneysherpa is regulated by the Central Bank of Ireland.)įind out more about Money Sherpa and book a free mortgage check here. Some lenders, such as Avant and Haven, are only accessible through brokers such as Money Sherpa. Their team of experienced and fully qualified mortgage advisors know the mortgage market inside out. Sometimes, the large number of different mortgage options available can be overwhelming. įor an L TV under 60% the lowest mortgage rate is currently available from Avant at 3.6 % (Fixed for 3 years). See some examples of Mortgage Switching Calculations. This works out at a LTV (Loan to Value) of just 57% – which will allow you to get much lower mortgage interest rates. House prices have risen about 40% in the past 5 years – so it is probably worth around €460,00. For example – if you took out a €300,000 mortgage on a €330,000 house 5 years ago with a rate of 3.7% – you will now owe €260,000. If you have had a mortgage for a few years – you will owe less on it and the value of your house will have increased. Whilst we strive to maintain the various charges and rates and update them when changes occur – customers should double-check with the financial institutions or companies for confirmation of current rates or prices. If the house has a BER better than C1 – you can get a rate of 3.45% at BOI The lowest fixed rate for a 90% LTV is a 3-year fix at 3.8% from Avant Money (Broker only). The current lowest variable mortgage rate available (May 2023) for first-time buyers who have only a 10% deposit is from Haven (or AIB) at – 3.5 %. Mortgage rates have been at low levels for a few years now – but ongoing ECB rate increases will mean mortgage rate rises are on the way in 2023. We compare variable interest rate mortgages as well as a selection of fixed-rate mortgages.įixed rates are currently lower than variable-rate mortgages in Ireland. Listed below are links to our pages showing the current lowest mortgage rates on offer for you to make comparisons. We regularly do a comparison of the mortgage rates on offer to new customers from the major Irish lenders. Comparison of Mortgage Interest Rates in Ireland
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