Mortgages and Property

Ireland

Irish Mortgages for purchasing a property in Ireland - rates from approx 4.05% in Euros

Includes the Republic of Ireland residential property (for Northern Ireland see UK)

If you are purchasing a property in Ireland, Irish Mortgages are available for the majority of Nationalities for either House Purchase or re-financing for other purposes including Home Improvements.

Types of Irish Mortgage: Repayment and Interest only

Minimum: £ 20,000 loan - € 150,000 Purchase Price, No Maximum, but must not exceed 80%/85% of valuation or purchase price (whichever is the lower). Higher percentage loans are available if the property is to be a Main Residence.

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available

Term: 5 to 25 years up to age 70

Currency: Euros and Sterling loans are available

Current Interest Rates in Euros: from approx 0.80-1.25% above the European Central Bank Rate depending on Loan to Value and size of loan (Fixed Rates are also available from 4.19% for one year)

Example Irish Mortgage in Euros: Repayment mortgage of approx €250,000 over a period of 25 years at approx 4.05% = approx €1,487.50 Capital and Interest per month. Total approx over term of €449,130.00 including capital, interest, arrangement and survey fees.