Core Credit Union offers flexible mortgage options to suit every borrower, whether you prefer the stability of a fixed rate or the adaptability of a variable rate. Their new Capped Rate Variable Mortgage starts at 3.85% with a cap of 4.4% for the first three years, giving you protection against rising interest rates while still allowing repayments to adjust if rates fall. Borrow between €40,000 and €650,000, enjoy no early repayment fees, and take advantage of the freedom to pay extra whenever you like. Backed by a member-owned credit union, these mortgages combine security, flexibility, and the trust of your local community.
Core Credit Union Mortgages
Mortgages from the people you can trust
Borrow between €40K and €650KA mortgage from Core Credit Union is unique in so many ways.
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.
We offer two mortgages, both of which have a maximum duration of 35 years; a 5% Fixed Rate mortgage which can be cleared at anytime without any penalties; and a 3.85% variable mortgage which has an added benefit of a cap set at 4.4% for the first 3 years providing security against future interest rate increases. T&Cs apply.
CoreCu Mortgages – the details:
- Borrow between €40K and €650K
- Max term is 35 years
- 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)
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What you need:
Identification
Passport/Driver Licence and utility bill confirming address
nfirmation of balance of funds
E.g., Gift letter, saving account showing savings
Employment Requirements
- Employees must be in permanent employment for more than 6 months and have successfully completed their probationary period
- Self-Employed must be self-employed for a minimum of 2 years
Documents Required
List of documents needed to submit with your mortgage application file
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
- 6 months bank statements of all personal bank accounts
- Confirmation of your tax position from your accountant
- 6 months bank statements of all business bank accounts
- Tax Clearance Certificate
- 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