Mortgage Loans

St Paul’s offer mortgages on principle private residence, your family home. With friendly, dedicated staff to attend to your mortgage needs, St. Paul’s can help you begin your journey to owning and securing your first or subsequent home providing you with competitive rates.

Please note: Applications will not be considered for buy to let, site purchase, holiday homes, commercial premises, self builds or properties requiring major renovations.

Mortgage Type Product Description Interest Rate APRC
New and Existing Standard Variable 3.25% 3.30%
New and Existing 3 Year Fixed Rate 3.5% 3.36%
New and Existing 5 year Fixed Rate 3.5% 3.4%

The Lender is St Paul’s Garda Credit Union Ltd. Lending criteria and terms and conditions apply. A typical mortgage of €100,000 over 20 years with 240 instalments costs €567.20 per month at 3.25% variable (Annual Percentage Rate of Charge (APRC) 3.3%). The total amount you pay is €136,120.09. We require property insurance. You mortgage the property to secure the loan. Maximum loan is generally 90% of the property value. A 1% increase would increase monthly repayments by €52.03.

Mortgage Conditions

  • Minimum Loan €75,000

  • Maximum Loan €500,000

  • Maximum Loan to Value (LTV) 90%

  • Minimum Term 5 years
  • Maximum Term 35 years
  • Maximum Loan to Income (LTI) 4 times gross annual salary for first time buyers including ‘Fresh Start’ Applicants*
  • Professional Valuation on the property required (St. Paul’s will pay the valuation fee)
  • First Legal Charge in favour of St. Paul’s Garda Credit Union Ltd. on the property required

* You may be a ‘fresh start’ applicant if you previously owned a home but no longer have a financial interest in it, because your relationship has ended or you have gone through personal insolvency or bankruptcy.

Supporting Documentation Required

This documentation is required for both parties to the mortgage

Bank Statements

6 Months Bank Statements for all bank accounts.

Employment Information

Salary Cert, Employment Detail Summary (formerly P60) and last 3 Pay/Pension Slips.

Variable Rate Mortgages

As a variable rate mortgage holder, St Paul’s offers you fantastic options, which are currently available no matter what stage of the journey you’re at. We are here to help our members!

Fixed rate mortgages have a rate of interest which doesn’t change for a set period of time, so you know exactly how much you pay every month. St Paul’s offer 2 very competitive fixed rate terms, securing your rate for a term of 3 or 5 years, both at the rate of 3.5% (3.36% APRC and 3.4% APRC respectively).

Speak to us today if you are considering converting your variable rate to an existing fixed rate home loan.

Why choose a St. Paul’s Mortgage?

Personalised Service

Personalised service from the Credit Union you can trust.

One Place

Keep all your borrowing in one place so we can manage all your credit needs.

Deposit

We can help you build a deposit for your dream home.

Life Cover

We will provide you with life cover in addition to your own mortgage protection policy for your Mortgage at no additional cost.