We always try to keep potential homebuyers or mortgage switchers up to date on the lowest mortgage rates available in Ireland.
Carrying out a comparison of Irish mortgage interest rates is a bit easier in 2023 than it was a few years ago – because there are fewer lenders operating in Ireland and a lot fewer mortgage products.
You can expect to see mortgage rates rising in 2023 as the ECB continues to raise interest rates .
See our full list of the Lowest Mortgage Rates here.
Lowest Fixed Rates
For first-time buyers looking for as much as a 90% mortgage – the lowest rate is available from Haven. Their
2.9% rate , fixed for 4 years, is available on homes with a BER of B3 or better .
Avant have a 3.4% 3 year fixed rate . (Brokers only)
You can get help and advice with applying for a mortgage from Money Sherpa . They are a firm of financial advisors based in Ireland who will arrange your mortgage for free.
Some of the lowest mortgage rates are from lenders that only deal with brokers – and you will have access to all these through Money Sherpa
Variable Rates
The lowest variable mortgage rate for new customers is from Haven at 3.15% with a maximum LTV of 90%.
If you can manage a 30% deposit – you could get a variable rate of 2.95% – also from Haven
If you are thinking of switching your mortgage to get a lower rate – you should take into account the fact there will be legal costs and valuation fees involved (Typically €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 pretty good long-term fixed rate of just 2.745% over 25 years – but you must have applied to two banks and been refused first.
Solicitors Fees When Buying a House
Also – check out our page about the Help to Buy Scheme
Interest Rates Figures checked March 2023