Core Credit Union’s 5% fixed-rate mortgage offers borrowers a simple, reliable way to finance their home. With rates fixed for the full duration of the loan, you can enjoy peace of mind knowing your repayments won’t change. Borrow between €40,000 and €650,000, pay off extra amounts whenever you like, and benefit from no early repayment fees. As a member-owned financial cooperative, your mortgage is backed by local savings, combining security, flexibility, and the trust of a lender rooted in the community.
5% Fixed Rate Mortgage
No Penalty on repaymentSecurity of a fixed rate with the benefits of a variable rate
Mortgages from the people you can trust
Borrow between €40K and €650KBuying 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.
- Pay extra amounts or lumpsums off whenever you please.
- As a member owned financial cooperative, local savings creates our funds for loans and mortgages.
Details:
Borrow between €40K and €650K
Rate of Interest is 5% fixed for the duration of the mortgage.
Assessed on 3 times gross income, outgoings and previous credit history.
Debt to Income – our guideline is 38%
Max finance is 70% of market value of the property (30% deposit is required)
Representative Example:
Fixed rate mortgage, €200,000.00 over 20 years, APR 5.12%, monthly repayments of €1319.91, total interest €116,758.75
Talk to Core Credit Union today
What you need:
Employment Requirements
Employees must be in permanent employment for more than 6 months and have successfully completed their probationary period
Documents Required
Identification — Passport/Driver Licence and utility bill confirming address
Confirmation of balance of funds — e.g. Gift letter, saving account showing savings
Employees
- 3 Months up to date consecutive payslips
- 6 months bank statements of all bank accounts
Self-Employed
- 2 years set of financial accounts certified by accountant
- Confirmation of your tax position from your accountant
- Tax Clearance Certificate
- 6 months bank statements of all personal bank accounts
- 6 months bank statements of all business bank account
- Last 2 years Tax Returns i.e., Chapter 4 & Form 11.
Warning: If you do not meet keep up your repayments you may lose your home.
Warning: The cost of your monthly repayments 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, a hire-purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Warning: You may have to pay charges if you pay off a fixed-rate loan early.
Core Credit Union does not apply any exit charge on early redemption or switching to a variable rate with the same term
For an appointment to speak to one of our Loan Officers please complete the contact form below or if you have any specific Mortgage query, please email members@corecu.ie or you can also call: 01 272 5600