Mortgage
Your new home for mortgages
A mortgage with People First Credit Union gives you the flexibility of a variable rate with the peace of mind of a capped rate.
Your repayments will never go above a set limit during the capped period, no matter how rates may change, for the first 3 years from drawdown.
Our current rate is 3.85% (APRC 3.92%), capped at 4.40% (APRC 4.50%) for the first 3 years.
Your Mortgage, Made Simple
Whether you're a first-time buyer, moving home, or embarking on a self-build, our mortgage is designed to suit the needs of our members, whatever your plans are.
Flexibility Built In
Shape your mortgage around your lifestyle and financial goals. We offer mortgages up to €350,000 with a maximum term of 35 years.
3-year capped rate
Your repayments will not exceed a stated rate within the first three years. Our current rate is 3.85% (APRC* 3.92%) capped at 4.40% (APRC 4.50%) for 3 years.
No prepayment penalties
You can make lump-sum or regular extra payments. We won't charge any penalties if you pay off your mortgage earlier than the originally agreed term.
Local, personal decisions
We know that taking out a mortgage is a huge step. You'll have a dedicated Mortgage Advisor with you every step of the way, and decisions are made locally in your credit union.
Calculate your repayments
Our handy repayment calculator lets you see what your repayments might look like. Please note: weekly repayments are not currently available on our mortgage loan.
Maximum Loan Term :
This calculator is for illustrative purposes only and is intended to provide an overview of the potential cost of borrowing. While every effort has been made to ensure the accuracy of the information provided, People First Credit Union and its staff cannot accept responsibility for any errors or omissions .The results provided are indicative only and do not constitute a loan offer. Actual repayments may vary. All loans are subject to approval. Terms and conditions apply. This is a variable rate loan. Interest rates and repayment amounts may change over time.
Terms and Features
Here's all the important things you need to know about our mortgage offering.
Loan Amount
- First-time buyers can borrow up to 4 times their gross annual income.
- Non first-time buyers can borrow up to 3.5 times their gross annual income.
- Your mortgage cannot exceed 90% of the property value.
- Assessment will consider repayment capacity.
APRC
- The Annual Percentage Rate of Charge ("APRC") is currently 3.92%.
- It represents the annualized cost of the mortgage, including the interest rate and certain fees over the entire term of the mortgage.
- It does not include all extra fees (e.g. valuation fees, legal fees, third party charges)
Variable Rate
- The interest rate on this mortgage is variable and may change in the future, affecting the cost of your monthly repayments.
- Changes will be made in accordance with the terms and conditions of your mortgage agreement.
Requirements
- Available on a Principal Private Residence only.
- Properties must be situated in the Republic of Ireland.
- First Charge Security on the property is required.
- Holiday homes or buy-to-let properties are excluded.
- Over 18s only.
- Relevant insurances required.
Ready to take the first step?
Fill out our enquiry form below and one of our Mortgage Advisors will be in touch.
Useful Documents and Links
These documents and links provide more information on our mortgage offering.
People First Credit Union is regulated by the Central Bank of Ireland.
Lending criteria, terms and conditions apply. Applicants must be over 18 and resident in the Republic of Ireland. Mortgage approval is subject to a satisfactory assessment of suitability and affordability.
The maximum loan amount is typically up to 3.5 times your gross annual income (or up to 4.0 times for first-time buyers) and can be no more than 90% of the property’s value.
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%. It does not include valuation fees, legal fees, or other third-party charges that may apply.
| WARNING: You should consider the total cost of the mortgage and any applicable incentive included in a mortgage offer. |
| WARNING: If you do not keep up your repayments you may lose your home. |
| WARNING: Your interest rate may increase and the amount of your mortgage repayments may increase as a result. |
| WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit report, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL-agreement in the future. |
