Moving Home? Sort out all your mortgage needs

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Get the best rates for your mortgage

Our mortgage calculator lets you easily compare interest rates, offers and cashback incentives from all of Ireland’s mortgage lenders.

So whether you’re a first-time buyer, home mover or looking to switch mortgage, we’ll take the hard work out of finding the best mortgage deal for you.

And when it’s time to take out mortgage protection insurance, we can help too! Our mortgage protection comparison service lets you easily compare prices from Ireland’s main insurance providers and will produce a quote for you in just seconds.

Bonkers Money Limited, trading as bonkers.ie, is regulated by the Central Bank of Ireland.

How much money do I need to save for my mortgage deposit?

Since the 1st 2017, first-time buyers have been allowed a 90% loan-to-value limit, meaning that they are required to provide a deposit of 10% up front for any property. This percentage goes up to 20% for second-time and subsequent buyers.

How much money can I borrow for my mortgage?

The Central Bank (the ruling authority on mortgage lending) states that a prospective property buyer cannot borrow more than 3.5 times their annual income.

So, for example, if you earn €45,000 a year, you can buy a house with a maximum value of €157,000. If you’re buying with a partner who also earns €45,000, that amount doubles to €315,000.

It’s important to note that there are exceptions; 20% of first-time buyer mortgages can be above the 3.5 times your income cap and from January 1st 2018, 10% of second and subsequent mortgages can be above this limit.

Which type of mortgage is better, variable or fixed rate?

When applying for a mortgage one of your biggest decisions will be to choose between a variable or fixed rate of interest for your repayments. Variable rates are traditionally more popular as they offer greater flexibility (there are no penalties for top up payments, term extensions or paying your mortgage off early)and you could benefit from falling ECB rates. However, variable rates can’t offer predictability or stability, leaving the customer at the mercy of changeable rates.

Fixed rates on the other hand, can offer budget-conscious mortgage customers much sought after peace of mind in the form of stable, predictable monthly repayments for a predetermined term. Of course, however, if you lock yourself into a long term fixed rate you could find yourself missing out on comparatively lower variable rates meaning you’ll end up paying more than you have to.

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.