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Ireland Mortgages
Q. How much mortgage can I have to buy a
residential property in Ireland ?
The amount of Irish mortgage you can
borrow is based on
the valuation or purchase price, whichever is the lower, of the Irish
residential property. UK and Non-UK applicants can borrow up to 80%/85% for
purchases and re-mortgages for Home Improvements.
For all schemes there is a minimum purchase price of € 150,000 and no
maximum. The term of the loan is from 5 to 25 years, and could be available
up to age 70. Current interest rates are from approx 0.80%-1.25% above the
European Central Bank Rate depending on Loan to Value and size of loan.
Typical Example of an Irish Mortgage
Repayment mortgage of approx € 250,000 over a period of 25 years at
approx 4.30% Variable = approx € 1,377.50 capital & interest per month
= a total approximate amount payable over the term of € 416,130
including capital, interest, arrangement and survey fees.
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Maximum loan to value 80/85%
·
Maximum Irish mortgage term
is 25 years
·
€150,000 minimum purchase
price
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Mortgages for Ireland
available in Euros or Sterling
·
Repayment and interest only
mortgages available
·
Rates from approximately
4.19%
details are subject to change, so you must check with your
broker on the link above before committing |
