Lowest Rates on 2 Year Fixed Rate Mortgages in Ireland
Updated June 20th 2017 (New Customers Only in Most cases)
LTV up to 60%
BOI 3% Max 60% LTV
KBC 3.15% Max LTV 60% (2.95% for current account holders)
PTSB 3.2% Max 60% LTV
EBS/ AIB/ Haven 3.6%
LTV up to 80%
KBC 3.19% (2.99% for current acc holders)
MortgageStore.ie 3.25% Max 80% LTV
LTV up to 90%
KBC 3.45% (3.65% for current acc holders)
AIB / EBS / Haven 3.6%
BOI offer 2% cashback to all new customers (no maximum) and potentially 3% for current account holders.
EBS give 2% cashback to all new mortgage customers.
AIB give €2000 to switchers.
Ulster Bank offer €1500 towards legal fees for all new customers.
PTSB also offer 2% cashback for new customers
KBC give €2000 to mortgage switchers only.
Fixed Rate Mortgages
With a fixed rate mortgage, the interest rate and monthly repayments are constant for a specific period – usually one, two , three of five years, although longer periods may be available.
A fixed rate means your repayments won’t cannot increase for a set period of time,but they will not fall either . As a result, you could be protected from incease rate rises but you caould also miss out on lower interest rates.
Fixed rates may cost more over the long run but they offer peace of mind as you know your repayments will not rise.
During the fixed rate period, you will usually have to pay a penalty if you switch lenders, or move to a variable rate.
With a fixed rate mortgage you cannot usually pay more each month than your standard repayment.