Compare Ireland’s mortgage interest rates
Discover the best, low rate mortgages for switchers and first time buyers from Ireland’s top lenders. Get the latest mortgage fixed interest rates and save hundreds.
How it works
- Search Simply tell us about your mortgage requirements so we can search the market.
- Compare Choose the best deal for your needs from one of Ireland’s lenders.
- Apply Enter your details to arrange a callback from a mortgage broker.
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Guide
Your complete guide to mortgages in Ireland
Whether you’re buying your first home, switching your mortgage, or moving, we can help you prepare for your mortgage journey.
- Part 1 How mortgages work
- Part 2 Types of mortgages
- Part 3 Borrowing with a mortgage
- Part 4 How make a mortgage application
- Part 5 How to switch your mortgage
- Part 6 Other mortgage matters
Latest Update
Mortgages roundup
ICS Mortgages cuts variable rat by 0.25%
02/04/2025: ICS Mortgages have slashed their variable rate by 0.25%.
The current rate now stands at 5.24%, down from 4.99%.
This the lender’s eighth cut since last July, following the continual rate decrease by European Central Bank.
ICS Mortgages specialise in mortgages for buy to let investors and public sector workers in Ireland.
They also offers flexible mortgages for first time buyers, switchers and home movers.
Avant Money officially becomes fully licenced bank
01/04/2025: Avant Money has transitioned into a fully licensed Irish bank, and is operating as a branch of Bankinter Group, Spain’s fifth-largest bank.
The mortgage lender is now set to deliver a wider range of financial products to include current accounts alongside its existing mortgage, loans, and credit card services.
Avant Money has grown its loan book from €379m in 2018 to over €3.9 billion since its acquisition by Bankinter in 2019.
This expansion will strengthen Avant Money’s position in the Irish personal finance space, where it currently holds a 7% share of the mortgage market.
ICS Mortgages slash rates by up to 0.29%
07/03/2025: Following yesterday’s European Central Bank interest rate cut, ICS Mortgages have slashed their rates for the seventh time since last July.
From May 1st, the non-bank lender will decrease owner-occupier variable rates by of 0.29%, while its buy-to-let variable rates will reduce by up to 0.25%.
The exact amount depends on the Loan-to-Value (LTV) of the mortgage.
European Central Bank cuts interest rates to 2.5%
06/03/2025: The European Central Bank have cut interests rates by 0.25%, for the sixth time since last June.
The average rate is now down to 2.5% from a record high of 4% in 2023, as the ECB attempted to tackle spiralling inflation.
But in a sign of continuing price pressures, the ECB raised its inflation forecast for this year to 2.3% from a previous prediction of 2.1%.
Mortgage rates fall to lowest levels in 18 months
12/02/2025: The average interest rate on new Irish mortgages is 3.80%, the lowest rate since April 2023.
The figures, which are from December 2024 and were released today by the Central Bank, dropped from 3.97% in November 2024, and from 4.19% the previous year.
Though rates are now at their lowest level in over a year and a half, they are still higher than the average across the Euro currency zone.
The average fixed rate currently stands at 3.62%, while the average variable rate is 4.33%.
Mortgage holders could save up €7,000 a year by switching lenders
10/02/2025: Mortgage holders can now save up to €7,000 a year by switching lenders.
The value of how much can be saved from mortgage switching has surged since the recent raft of interest rate cuts - with switchers who were previously on variable rates now locking in cheaper, fixed-rate deals.
According to Doddl.ie, there was also a 45% hike in the value of switcher mortgages, which rose from €228m to €331m.
Our expert says
Buying a home is exciting but stressful, and choosing the right mortgage is daunting for even the most seasoned homebuyers.
One of the first challenges is to work out how much you can borrow to secure your dream home. You’ll also need to decide the mortgage term and whether a variable or fixed rate mortgage offers the best value.
Fortunately, there are mortgage products specially designed for every stage of the homeowning journey. Whether you’re a first-time buyer, switcher or home mover, there’s a lender to meet your needs and a mortgage to match.
Many banks also offer discounted rates on green mortgages, which, in most cases, are for homes with a Building Energy Rating (BER) of at least B3 or higher.
If you’re a first-time buyer, take your time to understand how mortgages work and what steps you must take. If you need help choosing or applying for a mortgage, consider expert advice from a mortgage broker.
Home movers and switchers should always shop around before signing up for a new fixed rate mortgage. It’s tempting to stay with your bank, but you may find a better interest rate with another lender.
Interest rates continue to come down, but Ireland still has the fifth highest mortgage rates in the Eurozone and right now, mortgage holders could save up to €7,189 a year by switching and securing the lowest rate available.
If you’re approaching the end of your fixed deal, start your search in advance so you don’t languish on your lender’s variable rate for too long.
Compare the indicative APRC (Annual Percentage Rate of Charge) to find the best deal and price in any cashback offers or fees.
Eoin Clarke
How much can you borrow?
Our mortgage calculator can help you work out the maximum loan you might be able to borrow based on your income and deposit in just a few clicks.
Visit our one-stop mortgage calculators page for more tools.
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Six essential first-time buyer tips
Get your credit record in shape
Your credit record indicates how likely you are to repay your debts successfully and is based on past borrowing on credit cards, loans or a mortgage. Lenders will review your credit record to help them decide:
- Whether they will lend to you
- How much they can lend you
- What interest rate they can offer you
Find out what steps you can take to boost your credit rating in our guide, How to check your credit rating.
Save as much deposit as you can
All lenders require a mortgage deposit when you buy a residential property in Ireland. You’ll need at least a 10% deposit as a first-time buyer.
The larger your deposit, the less you have to borrow to cover the cost of your home, and a low loan to value (LTV) can help you secure the cheapest mortgage interest rates. A smaller deposit may also restrict the choice of mortgage deals available.
Read our guide to learn more about mortgage deposits in Ireland.
Take time to compare lenders and rates
A first time buyer mortgage is not a specific type of mortgage, but rather a category that lenders may target with particular mortgage products.
Your mortgage payments will take a large chunk of your income each month, so shop around for the lowest interest rate and cheapest mortgage deals.
Don’t forget to factor in any product charges and legal fees. It’s worth considering cashback mortgages, but weigh up the potentially higher interest rate.
Always compare the Annual Percentage Rate of Charge (APRC) because this shows the overall cost of the mortgage.
Seek mortgage advice from a broker
A mortgage is often a lifelong commitment, so having an expert on hand to guide you through the application process and answer your questions can be helpful. Mortgage brokers know the mortgage market inside out and can find the best mortgage for your needs and circumstances.
A mortgage intermediary can be especially useful if you’re self-employed, planning a self-build or have bad credit. Read our article Should you use a mortgage broker? to learn more.
Secure an Approval in Principle
An Approval in Principle (AIP) is a letter from a lender showing the amount they could lend you. It isn’t a guarantee of a mortgage, but it can show sellers and estate agents you’re a serious buyer.
If you make an offer on a property, you’ll have a better chance of success if you have an Approval in Principle in place. Once you have a mortgage in principle confirmed it lasts 6 months.
Learn more about how the process works in our guide How to get a mortgage Approval in Principle in Ireland.
Explore Help to Buy schemes
There are several Government schemes that could help you buy your first property; these include:
- Help to Buy (HTB) Scheme: This is an incentive for first-time buyers or self-builders who are purchasing a property to live in as a home. It helps with the deposit you need to secure a mortgage. If you qualify you’ll get a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland.
- Local Authority Home Loan: This offers Government backed mortgages for first time buyers and fresh start applicants. The loan can be used to purchase new builds, older properties or for self-build homes up to 90% of the property’s market value.
- Mortgage Allowance Scheme: An option for local authority or housing association tenants who wish to buy a private house. Under the scheme, you could get an annual allowance payable over five years to help with your mortgage payments, worth up to €11,450.
- First Home Scheme (FHS): A new government-backed scheme to help first-time buyers get on the property ladder. The FHS aims to make house purchase more affordable by supporting homebuyers with the cost of up to 30% of a new home.
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Switcher mortgages
With interest rates changing, many homeowners are wondering whether it’s time to hunt for a better mortgage deal.
Switcher mortgages are for those who want to switch their mortgage to a new lender and take advantage of better interest rates or terms.
This can be a great way to save money on your monthly payments or to pay off your mortgage faster. Many lenders offer incentives such as cashback or free legal fees to attract switchers.
To find great rates, talk to a mortgage broker or compare switcher mortgages.
Mortgage jargon explained
Buying a house and getting a mortgage is like learning a new language. Here’s what the jargon means.
Indicative APRC
It’s the Annual Percentage Rate of Charge and covers the initial interest rate, all fees and future rates if you don’t switch. It helps people compare home loan costs fairly.
Loan to value (LTV)
LTV is how the loan’s size compares to the property’s overall value. So if the house you want to buy costs €300,000 and you need to borrow €255,000, you’ll have an LTV of 85%.
Stamp Duty
It’s a tax you must pay when transferring ownership of a property. Stamp duty is due when a Deed of Transfer or Deed of Conveyance is required to transfer ownership in Ireland.
Approval in Principle
An Approval in Principle (AIP), is a letter from a lender showing the amount they could lend you, based on some initial checks. It’s free to get an AIP, and usually valid for six months or 12 months.