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 2022 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 from July onwards as the ECB begins 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% rate , fixed for 4 years, is available on homes with a BER of B3 or better .
EBS have a 2.1% 4 year fixed rate – also on homes with a BER of B3 or better.
Avant Money have a four-year fixed-rate mortgage at 2.15% on LTVs up to 90% . Only available through brokers (Such as Money Sherpa)
If you can afford a 30% deposit – you can get a 3 year fixed rate of 2% on a green mortatge at Haven or 2.05% at Avant Money (LTV 60 to 70%).
You can get help and advice with applying for a mortgage from Money Sherpa . These 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
The lowest variable mortgage rate for new customers is from ICS at 2.7% with a maximum LTV of 90%.
If you can manage a 30% deposit – you could get a variable rate of 2.45% – also from ICS
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.
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.
Also – check out our page about the Help to Buy Scheme
Interest Rates Figures checked June 2022