Best Mortgage Rates in Ireland

27/11/2024
Mortgage RatesNo Comments

As of November 27, 2024, mortgage rates in Ireland vary based on factors such as the loan-to-value (LTV) ratio, property energy efficiency, and the type of interest rate chosen. Here’s an overview of some of the most competitive rates currently available:

Fixed-Rate Mortgages:

  • AIB Green Mortgage: For properties with a Building Energy Rating (BER) of A1 to A3, AIB offers a three-year fixed rate at 3.0%. This rate is among the lowest in the market and is part of AIB’s commitment to promoting energy-efficient homes. The Sun
  • Avant Money: Provides a 10-30 year fixed-rate mortgage with an Annual Percentage Rate of Charge (APRC) of 4.25%. This long-term fixed rate offers repayment security over an extended period. MoneySherpa

Variable-Rate Mortgages:

  • Haven Mortgages: Offers a variable rate of 3.75% for loans with an LTV of up to 50%. This rate increases to 3.95% for LTVs up to 80% and 4.15% for LTVs up to 90%. Money Guide Ireland
  • AIB: Provides a variable rate of 3.75% for LTVs up to 50%, 3.95% for LTVs up to 80%, and 4.15% for LTVs up to 90%. Money Guide Ireland

Considerations:

  • Energy Efficiency: Some lenders offer preferential rates for energy-efficient homes. For instance, AIB’s Green Mortgage is available for homes with a BER of A1 to A3. The Sun
  • Loan-to-Value (LTV) Ratio: Lower LTV ratios often qualify for better interest rates. For example, Haven Mortgages offers a variable rate of 3.75% for LTVs up to 50%. Money Guide Ireland
  • Fixed vs. Variable Rates: Fixed rates provide repayment certainty over a set period, protecting against potential interest rate increases. Variable rates may offer lower initial payments but can fluctuate over time.

Next Steps:

Given the variety of mortgage products and the potential for significant savings, it’s advisable to consult with a qualified financial advisor or mortgage broker like the multi-award winning team at IMC. They can assess your individual circumstances and guide you toward the most suitable mortgage option.

Irish Mortgage Corporation is regulated by Central Bank of Ireland

Irish Mortgage Corporation t/a MoneyCoach is regulated by Central Bank of Ireland