Mortgage Rates in Ireland

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 mortgage rates in Ireland .

The current lowest mortgage rate available for first-time buyers who have only a 10% deposit is 2.15% fixed for 4 years at HAven. (BER B3 or better).
For properties with a BER worse than B3 – the lowest mortgage rate at 90% LTV is from KBC – 2.3% fixed for 2 years.

Summary of Lowest Mortgage Interest Rates

Updated July 2021

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

Details of Mortgage Lending Limits

See some Mortgage payment calculations here

Some interesting figures on Cashback Mortgages

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 most are lower than variable rates.

Find out more about Irish Mortgage  Lending Limits

Mortgage Cashback :

BOI offer 2% cashback to all new customers and 3% to those who stay with them for 5 years. (no maximum cashback).

PTSB also offers 2% cashback lump sum  for new customers and 2% off 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 and €1500 towards legal fees for all new customers.
AIB give €2000 cashback for switchers.

If you are looking for a mortgage in Northern Ireland you should visit the Unbiased website where you can get access to Mortgage Advisors in your area.