Mortgages with a Difference!

We are delighted to announce the launch of our new flexible mortgage product. Designed with our Members' interests in mind and to offer choice. Created in partnership with Credit Union Mortgage Services DAC, we believe our mortgage offering will appeal to our Members.

A Lender You Can Trust!

Competitive capped rate variable mortgage interest rate of 3.85% (3.92% APRC).

Buying your first home, a new home or switching mortgage providers is a huge decision, but that decision does not have to be stressful.

Let Enfield Credit Union guide you every step of the way! If you need a mortgage, we are here for you, now and into the future.

Our mortgage rate is a competitive 3.85% (3.92% APR), and there’s the bonus of our award winning service and great free benefits.

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The minimum mortgage amount is €40,000, and the maximum is €350,000. Terms & Conditions apply.

The mortgage must be for a Principal Private Residence (Family Home) only.

We do not provide mortgages for investment/rental properties.

Maximum mortgage term is 35 years, however mortgage term cannot exceed member’s 70th Birthday.

You must be able to demonstrate repayment capacity.

Mortgage Protection life assurance and home insurance will be required.

Please note supporting documentation will be required for your application.

We do not provide mortgages for investment/rental properties.

A limit of 4 times your gross annual income applies to applications for a mortgage for a Principal Private Residence (Family Home) if you are a first-time buyer, otherwise it is 3.5 times.

Maximum LTV ratio is 90% , therefore minimum deposit of 10% of the property purchase price is required. Member must also have enough funds to cover Stamp Duty & Solicitor’s Fees.

For a joint application, at least one applicant must be permanently employed and have passed the required probation period, or be self-employed for a minimum of 3 years.

Apply for a Mortgages today!

Discover our Mortgages

Maximum Loan Amount :
Maximum Loan Term :

€

Required Loan Term

Repayment Frequency
€
APR
3.92%
# Repayments
Total
Total Cost
Apply for Loan
€
APR
3.92%
# Repayments
Total
Total Cost
Apply for Loan
€
APR
3.92%
# Repayments
Total
Total Cost
Apply for Loan
€
APR
3.92%
# Repayments
Total
Total Cost
Apply for Loan

This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.

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 20-year mortgage with a variable borrowing rate of 3.85% on a mortgage of €100,000 is €598.11 for 240 months. Total amount repayable is €143,545. If interest rates increase to the cap of 4.40%, an additional €29.15 would be payable per month. 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.

For more information regarding our Mortgage General Terms and Conditions click here

For our Complaints Form click here

Representative Example

Loan amount

€350,000

Interest rate - APR

3.85%

Loan term

35 Years

Cost of Credit

€287,701

Monthly repayment

€1,519

Total Repayable

€637,705

Need more Information?

Need more Information?

contact our lending team by email loans@enfieldcu.ie or by phone 046-9541296.

Warning - This is a variable rate loan: 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.

Mortgages are subject to approval.  Approval is subject to a satisfactory assessment of suitability and affordability. Terms and Conditions apply. A first legal charge is required for all mortgages. Mortgage protection insurance and home insurance are required.

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 the repayments you may lose your home.

*APRC = Annual Percentage Rate of Charge.

Enfield Credit Union Limited is regulated by the Central Bank of Ireland (No. 343CU) and authorised as an investment business for the provision of investment intermediary services (No. C13889)

What documentation is required?

To ensure a smooth application process, we’ll ask for:

  • 3 most recent payslips (monthly) 12 weekly or 6 Bi Weekly
  • Proof of any other household income
  • Bank statements for the past 6 months
  • Statements for any loans or fiance agreements for the last 6 months

NOTE: Additional documentation may be requested depending on your circumstances.

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