Mortgage Rates Compared

Comparison of Mortgage Interest Rates in Ireland

We regularly do a comparison of the mortgage rates on offer to new customers from the major Irish lenders. Listed below are the current lowest home loan rates on offer for you to make comparisons.  We compare variable interest rate mortgages as well as a selection of fixed-rate mortgages.

The current  lowest rate available for first-time buyers with a 10% deposit is 2.3% fixed for 2 years with Ulster Bank

Summary of Lowest Mortgage Interest Rates
Updated October  2019

Two Year Fixed Rates

Three Year Fixed Rates

Lowest 5 Year Fixed Rates

Lowest Variable Rate Mortgages

Buy to Let Mortgages

More information here on How Much You Can Borrow

See some Mortgage payment calculations here

Some interesting examples of how much you could save by Switching Mortgage

Low-Interest rate mortgages as low as 2% fixed for 25 years are now available for some people from local authorities  – more here about these Rebuilding Ireland Mortgages

Fixed Rate or Variable – Which is Best ?

The most important thing to remember is with a fixed rate, you have the safety of knowing exactly what your mortgage repayments will be for a certain period of time. You will not be affected by sudden increases )or decreases.  With interest rates at their lowest for many years – it is likely that variable rates will increase during the next 5 to 10 years.

Over the past several years it was usually the case that variable mortgage rates were often lower than fixed rates –  but right now some of the fixed rate deals are at their cheapest ever and some are lower than variable rates.

Find out more about Irish Mortgage  Lending Limits

Mortgage Incentives :
BOI offer 2% cashback to all new customers and 3% to those with current accounts with them. (no maximum cashback)
PTSB also offers 2% cashback lump sum  for new customers and 2% of the monthly repayments back until 2027
EBS also give 2% cashback to all new mortgage customers – plus another 1% if you stay with them for 5 years.
Ulster Bank offers €1500 towards legal fees for all new customers.
KBC will give €3000 to mortgage switchers only.
AIB give €2000 cashback for mortgage switchers.