Credit Union Mortgages
Introducing Ireland’s New Capped Variable Rate Mortgage
At Kanturk Credit Union, we’re proud to bring you something truly unique – Ireland’s new Capped Variable Rate Mortgage.
It gives you the flexibility of a variable rate with the peace of mind of a capped rate.
How? Your repayments will never go above a set limit during the capped period, no matter how rates may change.
Our current rate is 3.85% (APRC 3.92%), capped at 4.40% (APRC 4.5%)* for the first 3 years.
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:
- First-Time Buyers – Start your journey with confidence.
- Movers – Make your next house a home.
- Switchers – Move your mortgage to us and enjoy the benefits.
Why choose Kanturk Credit Union?
We believe that getting your mortgage should feel exciting, not overwhelming. From envisioning your dream home to picking up the keys, we’ll be with you every step of the way.
With Kanturk Credit Union, you’ll enjoy:
- Local decision-making – All lending decisions are made here in your community, with your best interests at heart.
- Our own rates – We set our own competitive mortgage rates.
- Flexible repayments – Pay fortnightly or monthly, whichever suits you.
- No early repayment penalties – Pay off your mortgage faster if you wish.
- Transparent costs – No hidden fees or surprise charges.
- Personal service – We know our members, and we’re here to support you
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.
- Overpayment options – Make lump sum or regular extra payments. You decide whether to:
- Reduce your monthly repayments while keeping the same term, or
- Keep your repayments the same and shorten your mortgage term.
- Flexibility built in – Tailor your mortgage to your lifestyle and financial goals.
Typical Costs to Plan For
When buying a home, you should also budget for:
- Stamp Duty
- Conveyancing (Solicitor) Fees
- Mortgage Valuation Fee
- Home Insurance & Mortgage Protection/Life Insurance
Ready to take the next step?
Contact our mortgage team today to arrange a chat with friendly advice from people who care.
- Phone us on 02950276
- Email us info@kanturkcu.ie
- Call into the office for more information
Mortgage Calculator
Use our calculator to estimate your monthly repayments.
Representative Example
Loan Amount
€100,000
Loan Term
20 years
Monthly Repayments
€598.11
Interest Rate
3.85% (3.92% APRC)*
Cost of Credit
€43,545
Total Repayable
€143,545
* 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.
Useful Links
For more information regarding our Mortgage General Terms and Conditions Click here
For more information regarding our Terms Of Business Click here
For more information regarding Variable Rate Policy Click here
For our Complaints Form Click here
Warning – This is a variable rate loan: The payment rates on this mortgage may be adjusted from time to time.
Warning – Your home is at risk if you do not keep up repayments on a mortgage or any other loan secured on it.
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 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.
Terms and Conditions apply. A first legal charge is required for all mortgages. Mortgage protection insurance and home insurance are required.
* APRC = Annual Percentage Rate of Charge
Kanturk Credit Union Ltd is Regulated by the Central Bank of Ireland. Reg No. 15CU
