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 links to our pages showing the current lowest mortgage rates on offer for you to make comparisons. We compare variable interest rate mortgages as well as a selection of fixed-rate mortgages.
Fixed rates are currently lower than variable-rate mortgages in Ireland .
Mortgage rates were at low levels for a few years now – but ECB rate increases resulted in mortgage rate rises in 2023. Mortgage rates may start to decrease in 2025 as ECB rates begin to fall again.
Lower interest rates are available on homes with a better BER .
The current lowest variable mortgage rate available (May 2025) for first-time buyers who have only a 10% deposit is from Avant Money at 3.24% .
The lowest fixed rate for a 90% LTV is a 4-year fixed rate of 3.1% with BOI. (If the house has a BER of A3 or better .)
You can get 3.55% fixed for 4 years from BOI on a BER as bad as F.
Avant Money has a 4-year fixed rate of 3.8% with no BER conditions.
For an LTV under 60% the lowest variable mortgage rate without any BER requirements, is currently available from Avant at 3.04%
You can get 3% fixed for 4 years from PTSB.
Whilst we strive to maintain the various charges and rates and update them when changes occur – customers should double-check with the financial institutions or companies for confirmation of current rates or prices.
Switching Mortgage
If you have had a mortgage for a few years, you will owe less on it and the value of your house will have increased. For example – if you took out a €300,000 mortgage on a €330,000 house 5 years ago with a rate of 3.7% – you will now owe €260,000. House prices have risen about 40% in the past 5 years – so it is probably worth around €460,00. This works out at an LTV (Loan to Value) of just 57% – which will allow you to get a much lower mortgage interest rate. See some examples of Mortgage Switching Calculations .
Summary of Lowest Mortgage Interest Rates
Updated May 2025
Lowest Variable Rate Mortgages
More information here on How Much You Can Borrow
Details of Mortgage Lending Limits in Ireland
See some Mortgage repayment calculations here
You might also want to check these interesting figures on Cashback Mortgages
Fixed Rate or Variable – Which is Best ?
The most important thing to remember is that with a fixed rate, you have the safety of knowing exactly what your mortgage repayments will be for a certain period. 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 few 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 lower than variable rates.
Find out more about Irish Mortgage Lending Limits
How Much Can You Save By Switching Mortgage?