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.

Important Information and Warnings

Warning – This is a variable rate loan: The payment rates on this mortgage may be adjusted from time to time.

Warning – Your home is at risk if you do not keep up repayments on a mortgage or any other loan secured on it.

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: 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.

Loans are subject to approval. Lending criteria, terms and conditions apply. Mortgage approval is subject to a satisfactory assessment of suitability and affordability. Applicants must be over 18 and resident in the Republic of Ireland.

Terms and Conditions apply. A first legal charge is required for all mortgages. Mortgage protection insurance and home insurance are required.

* APRC = Annual Percentage Rate of Charge

Tipperary Credit Union Limited, trading as Tipperary Credit Union, is regulated by the Central Bank of Ireland and authorised as an investment business for the provision of investment intermediary services.