Discover a new way home with Credit Union Mortgages
A Personal Approach to Mortgages
Our experienced lenders personally assess every mortgage application, we take the time to review your full application carefully, working with you, offering advice and recommendations that help you secure your mortgage.
Local, personal lending!
Low interest rate
3.85% (APRC 3.92%*)
capped at 4.40% (APRC 4.5%) for the first 3 years.
Borrow up to
€400,000
Spread repayments over
35 Years
Mortgage Calculator
NOTE: All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authoritative or legally binding. Kilmallock Credit Union Ltd. accepts no responsibility for errors due to changes in rates or offers which have occurred after this date. You are advised to check with our offices for up-to-date rates and offers.
Benefits of Choosing a Kilmallock Credit Union Mortgage
A Lender You Can Trust
Kilmallock Credit Union have been providing Mortgages to our community since 2016. Our dedicated Mortgage Advisors are here to ensure you get the best outcome.
Borrow up to €400,000
We provide for single and joint applications of up to 4 times your gross salary for first time buyers. (3.5 times for second and subsequent buyers).
Mortgages calculated on reducing loan balance
We calculate our mortgage payments using a reducing rate of interest. That means we base your interest on the balance you still owe, not the amount you originally borrowed.
Competitive Rates
Kilmallock Credit Union mortgage rates are very competitive with a maximum term time of 35 years. We can help you choose a term length that suits you. Choose repayments that suit your needs fortnightly or monthly.
We Support You
Applying for a mortgage is both an exciting and overwhelming time. We are here to help make the journey as easy as possible; providing the friendly and honest reassurance that only your credit union can.
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:
- Self-Builders – Build your dream from the ground up.
- First-Time Buyers & Fresh Start Buyers – Start your journey with confidence.
- Movers – Make your next house a home.
- Switchers – Move your mortgage to us and enjoy the benefits.
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.
- Flexibility built in – No penalty for early repayment.
Typical Costs to Plan For
When buying or building a home, you should also budget for:
- Stamp Duty
- Conveyancing (Solicitor) Fees
- Mortgage Valuation Fee
- Home Insurance & Mortgage Protection/Life Insurance
Start Your Mortgage Journey Today
Request a call back from a mortgage advisor
Call Kilmallock Credit Union
Got a question? Email us
Mortgages Arrears Resolution Process
We understand that sometimes members experience financial difficulties for any number of reasons. Should you find yourself in a position where you are finding it difficult to manage your mortgage repayments, please contact us as soon as possible.
We have a Mortgages Arrears Resolution Process which sets out guidance for our members who have a mortgage with us, it is available to download here.
Representative Example
The maximum loan amount is typically up to 3.5 times your gross annual income (or up to 4.0 times for first-time buyers) and can be no more than 90% of the property’s value. The monthly repayment on a 35-year mortgage with a variable borrowing rate of 3.85% on a mortgage of €350,000 is €1,519 per month. Total amount repayable is €637,705. For this example, Annual Percentage Rate of Charge (APRC) of 3.92% applies and consists of variable borrowing rate of 3.85%. It does not include valuation fees, legal fees, or other third-party charges that may apply.
All figures given on our loan calculator are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authoritative or legally binding. Kilmallock Credit Union Ltd. accepts no responsibility for errors due to changes in rates or offers which have occurred after this date.
- Further information is available in our Mortgage General Terms and Conditions
- For more information, please view our Terms of Business
- Need to make a complaint? Use our Complaints Form
- WARNING: You should consider the total cost of the mortgage and any applicable incentive included in a mortgage offer.
- WARNING: If you do not keep up your repayments you may lose your home.
- WARNING: Your interest rate may increase and the amount of your mortgage repayments may increase as a result.
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.
*APRC = Annual Percentage Rate of Charge
Kilmallock Credit Union Limited is regulated by the Central Bank of Ireland.