Lowest Mortgage Rates in Ireland

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 2018  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.

Fixed Rates

Currently the best looking deal for first time buyers or switcher on a 2, 3 or 5  year fixed rate is 3% from Bank of Ireland –  with a maximum LTV of 90%.
BOI are also offering up to 3% cashback too,  for new mortgage customers, which will come in handy.
If you only have a 10% deposit – then 3% is the lowest  “no strings”  3 or 5 year  fixed  rate in the country at the moment  from Bank of Ireland 

(You can get a rate of 2.9% at KBC  but you have to have a current account with them )

Note: Ulster Bank are lowering their fixed rates on 22nd March – we will update this page on that date. Their new rates will undercut BOI by a 0.1%  – but the larger cashback from BOI might make them more attractive to some.

Variable Rates

One of the lowest variable mortgage rates for new customers is from AIB or Haven at  3.15% with a maximum LTV of 90%.

If you can manage a 20% deposit – you could get a variable rate of 2.95% – again from AIB or Haven . But with a 5 year fixed rate at 3% you will get more certainty of how much your repayments will be .

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.

See all the Lowest Mortgage Rates here

More about the Rules on Mortgage Lending Limits in Ireland Here .

Also – if you are having problems getting a big enough mortgage from the banks – you should think about applying for a mortgage under the Rebuilding Ireland Home Loan scheme. They are offering a grat fixed rate of 2% over 25 years – but you must have applied to two banks first.

Interest Rates Figures checked March  1st 2018

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