We always try to keep potential homebuyers or mortgage switchers up to date on the lowest mortgage rates in Ireland. Doing a comparison of Irish mortgage interest rates is easier in 2017 than it was a few years ago – because there are fewer lenders operating in Ireland and a lot less mortgage products.
See our full list of the Lowest Mortgage Rates here.
Most of the best rates are only available if you have a 40% or 50% deposit. You can get 2.95% fixed for 2 years with an LTV of up to 60% at KBC. (Current account required)
The best looking deal on a 3 year fixed rate is 3.1% from Bank of Ireland – with a maximum LTV of 80% – BOI are offering upto 3% cashback too. First time buyers may also be able to get help with the deposit from the Help to Buy scheme.
One of the best variable mortgage rates for new customers is from KBC at 3.1% with a maximum LTV of 80%.
If you can only manage a deposit of 10% – the lowest variable rate is from AIB , Haven or KBC at 3.5%.
A 3 year fixed rate of 3.4% is a good offer from Ulster Bank on LTVs upto 90% (current account required)
If you are thinking of switching your mortgage to get a lower rate – you should take account of the fact there will be legal costs and valuation fees involved (around €1,300 in total) But many lenders are offering cashback to new customers to help with switching costs. See some calculations on mortgage switching here.
More about the Rules on Mortgage Lending Limits in Ireland Here .