Buying a property is a stressful time. What to buy (and where)? How much to bid (and when)?
When you’ve finally found what you’re looking for and you need a mortgage, you want to deal with a lender you can trust.
A mortgage from a credit union is funded by the savings of other people within your community. All lending decisions are taken at local level, not in some remote head office. Credit unions excel in personal service which they provide.
KEY FEATURES
- Available for the Purchase of Private Dwelling Houses only.
- Loan to Value (LTV): Maximum loan: 90% of market value of property for first time buyers and 80% of market value of property for non-first time buyers.
- Loan to income: Maximum loan: of 4 times gross primary income for first time buyers, 3.5 times for non first time buyers
- Interest Rate: 4.00% (4.07% APR) variable
- Maximum loan term 35 years.
- Minimum Loan €80,000.
- Maximum Loan €250,000
- Free Loan Protection Insurance (Terms and Conditions Apply).
- Warning: If you do not keep up your payments in accordance you may lose your home.
- Warning: The cost of your monthly payments may increase.
- Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
- Warning: You may have to pay charges if you pay off a fixed rate loan early.
