By People For People

Your Next Mortgage – Your Next Home

Introducing Ireland’s First Capped Variable Rate Mortgage

At Tipperary Credit Union, we’re proud to bring you something truly unique – our Capped Variable Rate Mortgage.

It gives you the flexibility of a variable rate with the peace of mind of a fixed rate.

How? Your repayments will never go above a set limit during the capped period, no matter how rates may change.

Our current rate is 3.85% (APR 3.92%), capped at 4.40% (APRC 4.5%) for the first 3 years.

Who is this mortgage for?

Whether you’re stepping onto the property ladder for the first time or making your next move, our mortgage is designed to fit a variety of needs:

  • First-Time Buyers
    Start your journey with confidence.

  • Movers
    Make your next house a home.

  • Switchers
    Move your mortgage to us and enjoy the benefits.

  • Self-Builders
    Build your dream from the ground up.

Key Features of Our
Capped Variable Rate Mortgage

3 Year Capped Rate Period

Your interest rate will never go above the agreed cap during this time.

Overpayment Options

Make lump sum or regular extra payments.

Flexibility Built-In

Tailor your mortgage to your lifestyle and financial goals.

150

Years Combined Mortgage Experience

Why choose Tipperary Credit Union?

We believe that getting your mortgage should feel exciting, not overwhelming. From envisioning your dream home to picking up the keys, we’ll be with you every step of the way.

With Tipperary Credit Union, you’ll enjoy:

  • Local decision-making – All lending decisions are made here in your community, with your best interests at heart.

  • Our own rates – We set our own competitive mortgage rates

  • Flexible repayments – Pay fortnightly or monthly, whichever suits you.

  • No early repayment penalties – Pay off your mortgage faster if you wish.

  • Transparent costs – No hidden fees or surprise charges.

Representative Example

A 30 year Mortgage Loan of €350,000 will have monthly repayments of €1,641, Interest 3.85% variable, (3.92% APR). If the APR does not vary during the term of the loan the total cost of credit is €240,698. The total amount payable is €590,698.

Loan Amount Interest Rate Loan Term Total Interest Monthly Repayment Total Cost
€350,000 3.85% 30 Years €240,698 €1,641 €590,698

Typical Costs to Plan For

When buying or building a home, you should also budget for:

Stamp Duty

A tax payable when purchasing a property, based on the property’s value.

Conveyancing (Solicitor) Fees

Legal fees for handling the purchase process, contracts, and property registration.

Mortgage Valuation Fee

A valuation required by your lender to confirm the property’s market value.

Home Insurance & Mortgage Protection/Life Insurance

Insurance cover to protect your home, mortgage, and loved ones.

Lending criteria, terms and conditions will apply. Security is required. Maximum loan-to-value limits are in place for the purchase of property. Please contact us for further details.

Loan requests are considered on the basis of proof of income, financial status, and demonstrated repayment capacity (including capacity to repay at higher interest rates). Loans are not available to members under the age of 18. Mortgage loans will be required to be secured by a mortgage and charge on the subject property and suitable savings/protection policies.

If you or your dependents intend to use the property as your principal private residence, you must show us evidence of mortgage protection insurance, unless you are exempt under the Consumer Credit Act, 1995.

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

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

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: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.

Warning: The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home.

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

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

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: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.

Warning: The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home.