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Compare Mortgages with our calculator and broker service

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Compare mortgage rates and offers from Ireland's leading financial institutions and apply online with ease. Our brokers will guide you through the whole process free of charge.

How to get your mortgage

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What you need to get started

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Personal Public Service Number (PPSN)

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If you are unsure of how much you can borrow, use our free affordability calculator.

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bonkers.ie is free

Using the bonkers.ie broker service for your mortgage is completely free. When you apply with us, we receive a commission from the provider.

Bonkers Money Limited, trading as bonkers.ie, is regulated by the Central Bank of Ireland. This has been the case since 2016.

We're regulated

Bonkers Money Limited, trading as bonkers.ie, is regulated by the Central Bank of Ireland. This has been the case since 2016.

This reflects our continued commitment to providing impartial and accurate financial advice, information and services.

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Why choose bonkers.ie?

The bonkers.ie mortgage broker service will guide you through the entire mortgage process, from application to drawdown, with support from experts - all for free.

And to make things easier, we have a partnership with Beam, an online solicitor practice, to streamline the conveyancing process for our customers who may want that service too.

Things to consider

When it comes to mortgages, no two applications are the same. Here are some things to consider to ensure the process goes as smoothly as possible.

Timing

The length of time from enquiry to drawdown depends on the mortgage you are getting and your particular situation. Often, but not always, it could take 3-6 months.

To proceed as quickly as possible, ensure you have all your documentation on hand to avoid disruption and ensure a seamless mortgage jouney.

Self-employment

If you're self-employed, the mortgage application process isn't as straightforward as a PAYE application.

You will need to supply additional documents and information on your income, business performance and trading accounts. More on self employment

Assessment

Different plans come with varying contract commitments, typically 12, 18, or 24 months.

Shorter contracts offer more flexibility but may have higher monthly prices. Long-term deals often mean lower monthly costs. Check the full terms and any early exit fees.More on assessment

If you're abroad

Thankfully, being an expat does not hinder your mortgage application in Ireland.

However, there are some important details and nuances to get acquainted with, from exchange rates, foreign credit checks and available Government schemes.More on mortgage abroad

Fixed rate period

Choosing between, for example, a 2 or 5-year fixed period depends on your situation and risk appetite. A 2-year fix may have a better rate, so cheaper initial payments.

However, you could be exposed to higher rates in the near future. A 5-year fix provides longer-term security and stability but the initial rate is typically slightly higher.

Up-front costs

For most, the deposit is the biggest part of any mortgage application. But don't overlook other upfront costs like legal fees, valuation charges, and stamp duty.

Make sure your funds are not only accessible but also traceable, as lenders need to verify the source of deposit money for regulation and compliance reasons.

EXPERT TIP

Use expert resources - for free

Your mortgage is likely to be your biggest monthly outgoing, meaning it pays to shop around for the best deal. You don't need to get a mortgage with your existing bank so you're free to choose another lender. Use the bonkers.ie free broker service to find the best rate.

We work with the country's top lenders to find you the best mortgage rate for your particular circumstances. Our team of financial advisors here in Dublin will help you with your entire mortgage journey.

Daragh Cassidy

Consumer Expert at

As featured on

Your questions, answered

What are the different mortgage options?

You can choose between fixed-rate or variable-rate mortgages across first-time, switching, or moving home. Aspects such as down payment requirements and government programmes can also make owning a home more accessible. Watch our video

How much can I realistically afford?

This will depend on a range of things such as your annual income and current debts. Costs such as stamp duty, legal fees, taxes and land registry fees should all be considered in your budget as well as the cost of the home itself plus any renovations needed. Find out more with our Affordability Calculator

What is the definition of a mortgage?

A mortgage is a long-term loan from a lender, like a bank, used to purchase property. The property itself acts as collateral, securing the loan. If the borrower fails to make the agreed repayments, the lender has the legal right to take possession of the property to recover their money.

What is the current mortgage interest rate in Ireland?

Mortgage interest rates in Ireland vary between lenders and depend on whether you choose a fixed or variable rate. Rates are influenced by the European Central Bank (ECB) and market competition. It's essential to compare current offerings from different lenders to find the best value for your situation.

How much would a mortgage cost monthly?

This depends on the amount, interest rate and term. With 4% interest over 30 years: €100,000.00 mortgage is €477.42 monthly - €250,000.00 mortgage is €1,193.54 monthly - €300,000.00 mortgage is €1,432.00 monthly - €500,000.00 mortgage is €2,387.08 monthly - €600,000.00 mortgage is €2,864.49 monthly.

Can I get a mortgage 4.5 times my salary in Ireland?

The Central Bank of Ireland's rule typically limits mortgage borrowing to four times your gross annual income. However, lenders have a limited number of exemptions to lend above this threshold, sometimes up to 4.5 times gross salary. This is usually for strong applications with good income and credit history.

Are mortgage rates likely to go down in Ireland?

Mortgage rates in Ireland are influenced by the European Central Bank (ECB) and market conditions. As a result, the economic forecast can be quite changeable. To gauge the latest forecast, you can check the current ECB interest rates or read through relevant news articles in our Newsroom.

How much deposit is needed for a mortgage in Ireland?

For first-time buyers in Ireland, a minimum deposit of 10% of the property's value is usually required meaning you can borrow up to 90% of the purchase price. For second and subsequent buyers, the minimum deposit is typically 20%, allowing you to borrow up to 80% Loan-to-Value.

How to pay off a 30 year mortgage in 10 years?

To pay off a 30-year mortgage in 10, you must increase your payments. The most direct methods are making large extra principal payments with every instalment or refinancing to a 10-year term. A bi-weekly payment schedule also helps by adding one extra payment per year. Always check with your lender first.

Which bank is best for mortgages in Ireland?

There's no single 'best' bank for every borrower in Ireland. The ideal lender depends on your specific needs, particularly the interest rate (fixed vs. variable) and any cashback offers available. Lenders like AIB, Bank of Ireland, and Avant Money all offer competing packages, so comparing the market is essential.

How do I manage my mortgage repayments?

Your monthly mortgage repayment covers both the principal (the loan amount) and interest (the borrowing cost). The main strategy is choosing your interest rate. A fixed rate locks in your repayment amount for a set term, offering certainty. A variable rate can fluctuate, meaning your payments could rise or fall.

Why is it called a 'mortgage'?

The term 'mortgage' originates from Old French, literally meaning 'death pledge.' It combines 'mort' (dead) and 'gage' (pledge). This doesn't mean you pay until you die, but rather that the pledge itself 'dies' when the loan is fully paid off, or the ownership of the house “dies” if payments fail.

If you are unsure of how much you can borrow, use our free affordability calculator.

Rates quoted are accurate as of today's date and are subject to change. The actual rate applying at the date you are approved for a mortgage may differ from the rate quoted.

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 keep up your repayments you may lose your home.

WARNING: the cost of your monthly repayments may increase.

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