Mortgage Loans - 5% (APR 5.12%)

Buying a property is a stressful time. What to buy (and where)? How much to bid (and when)?

When you’ve finally found what you’re looking for and you need a mortgage, you want to deal with a lender you can trust.

A mortgage from a credit union is funded by the savings of other people within your community. All lending decisions are taken at local level, not in some remote head office. Credit unions excel in personal service which they provide.

KEY FEATURES

  • Available for the Purchase of Private Dwelling Houses only.
  • Loan to Value (LTV): Maximum loan: 90% of market value of property for first time buyers and 80% of market value of property for non-first time buyers.
  • Loan to income: Maximum loan: of 3.5 times gross primary income
  • Interest Rate: 5.00% (5.12% APR) is set for at least the first 5 years of the Mortgage. The Credit Union has the option to increase the rate to a maximum of 6.25% (6.43% APR) throughout the term of the loan.
  • Maximum loan term 25 years.
  • Minimum Loan €50,000.
  • Maximum Loan €175,000
  • Free Loan Protection Insurance (Terms and Conditions Apply).

 

  • Warning: If you do not keep up your payments in accordance you may lose your home.
  • Warning: The cost of your monthly payments may increase.
  • Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
  • Warning: You may have to pay charges if you pay off a fixed rate loan early.

MAKE A LOAN ENQUIRY

For all Mortgage enquires, please call our Lending Department at 065 6828305.

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REPRESENTATIVE EXAMPLE

AMOUNT

100,000

BORROWED

TERM

$ 20

YEARS

REPAYMENT

659.96

MONTH

TOTAL

58,408.57

INTEREST

TOTAL

158,408.57

COST

All loans are subject to approval. T&C’s apply. Warning: if you do not meet the repayments on your loan, your account will go into arrears.

This may affect your credit rating which may limit your ability to access credit in the future.

Credit Unions in the Republic of Ireland are regulated by the Central Bank of Ireland.