Your Next Mortgage

Capped Variable Rate Mortgage

We offer a Capped Variable Rate Mortgage, a new mortgage offering in Ireland.
It offers you all the flexibility of a variable rate with the stability of a capped rate for the first 3 years.
Our current rate is 3.85% (APR 3.92%) capped at 4.40% (APRC 4.5%)* for 3 years. 

Our Mortgage Is Suitable For

First Time Buyers

Movers

Switchers

Self-Builders

So, Why Us?

We pride ourselves on our customer service and personal touch, but there are plenty of other reasons why a Credit Union Mortgage might be for you:

  • Every Credit Union is owned by its members, so this really is a mortgage by people, for people.
  • We make lending decisions at a local level.
  • There are no hidden fees.
  • We offer fortnightly or monthly repayments.
  • There are no penalties for early repayments.

First Time Buyers

The journey of buying your first home can feel daunting, the mortgage process can seem complicated and overwhelming. But we’re here to support you every step of the way.

To get started, here’s a basic guide to all 
things mortgages.

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Moving Homes

If you’ve decided you’re moving homes, we can help you get there. You’ve gotten a mortgage before so you’re familiar with the process, but we’ll still be with you every step of the way, guiding and supporting you.

We offer Capped Variable Rate Mortgages, giving you all the flexibility of a variable rate but with the peace of mind that your repayments won’t increase beyond a certain amount with a capped rate for the first three years.
 
This is a new mortgage offering in Ireland so you may not have come across it before, but rest assured our team can tell you everything you need to know.

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Switching Mortgages

If your current mortgage deal is coming to an end, you have an opportunity to look around and potentially re-mortgage (switch mortgage providers)

Credit Union Mortgages could offer you a better deal. Contact your local Credit Union, and we can chat you through our offering and work out how much your repayments would be so you can compare to your current provider.

It’s worth noting we offer fortnightly or monthly repayments,
to suit your specific circumstances.

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Self-Builders

At Credit Union Mortgages, we offer specific self-build mortgages as well as our standard mortgage. A self-build mortgage differs because the money is released in up to 5 stages during the building process as opposed to one lump sum at the start.

While a self-build mortgage may seem more complicated, it isn’t really, our team can help you with the entire process so you can build your dream home.

Contact your local Credit Union, we’ll be happy to answer any questions you have and start the process for you.

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FREQUENTLY ASKED QUESTIONS

What Are The Costs Involved?

Buying a home costs money, we all know that. But there are more costs than you may initially think, costs you can’t account for if you’re not aware of them. We don’t believe in hiding anything, so here’s a rough breakdown of additional costs you can expect. Naturally, every case is different, our team can talk to you in more detail about your specific costs. 

Stamp Duty

This is a tax associated with transferring the property deeds into your name.

Conveyancing Fees

The legal fees for the work completed by the solicitor when buying or selling property.

Mortgage Valuation

Before your mortgage can complete, your lender will need to check if the property is worth the value you are spending on it. This is done through an independent mortgage valuation. Generally, this costs around €300 but it can vary.

Insurance

Not only will you want to set up home insurance for your new property, you will also need to have life or mortgage insurance in place before your mortgage can complete. The amount here will depend on the property itself and the amount you’re borrowing.

Quick Quote Calculator

The amount you can borrow is dependent on a number of factors, you can use our calculator to 
get an idea of how much you could borrow and how much your repayments could be.

USE OUR CALCULATOR

Find Your Nearest Participating Credit Union

If you want to find out more about our mortgage, or begin your application process, click below to find your nearest Credit Union offering our mortgage.

PARTICIPATING CREDIT UNIONS
*Lending criteria and terms and conditions apply. The monthly repayment on a 20-year mortgage with a variable borrowing rate of 3.85% on a mortgage of €100,000 is €598.11 for 240 months. Total amount repayable is €143,545. If interest rates increase to the cap of 4.40%, an additional €29.15 would be payable per month. For this example, Annual Percentage Rate of Charge (APRC) of 3.92% applies and consists of variable borrowing rate of 3.85% does not include valuation fees, legal fees, or other third-party charges that may apply. Information correct at 13th May 2025 and subject to change. You mortgage your home to secure the loan. Maximum loan is generally 3.5 times gross annual income (4.0 for first time buyers) and 90% of the property value. The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home. Applications from residents of ROI over the age of 18 only, and subject to repayment capacity, financial status and property valuation. We require property and life insurance.

WARNING: If you do not keep up your repayments you may lose your home.

WARNING: (Variable rate loans) The cost of your monthly repayments may increase.

WARNING: If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.