Mortgage Comparison Ireland
Compare Rates and Offers
Why Compare Mortgages in Ireland?
Finding the lowest interest rate is the single most effective way to reduce your monthly household bills. In the current property market, the difference between the highest and lowest rates can amount to thousands of euros in savings per year. At JC Mortgage Brokers, we do not just look at one bank. We compare mortgages from Ireland’s leading lenders to find the specific product that fits your financial profile, whether you need the lowest rate, the highest cashback, or the most flexible repayment terms.
The 5 Banks and Lenders we compare
We analyse offers from the major financial institutions available through the broker channel. Below is a comparison of the 5 key lenders currently defining the Irish market. To help you navigate your options, we have categorised our top lending partners by their strongest features.
- Avant Money for their market-leading low rates and flexibility.
- Bank of Ireland (BOI) and Permanent TSB (PTSB) are the go-to choices for borrowers seeking significant upfront cash incentives.
- Núa Money and ICS Mortgages for those who need specialised underwriting, such as older borrowers or investors, they provide innovative terms that traditional banks often cannot match.
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1. Avant Money
Best For: Low Fixed Rates & Rate Flexibility
Avant Money shook up the Irish market by introducing some of the most competitive fixed rates available. They are a favourite for “Rate Switchers” looking to minimise monthly costs.
- Key Product: Avant Flex Mortgage. This unique product is linked to the 12-month Euribor rate, resetting annually. It offers the transparency of a tracker with less monthly volatility.
- Pros: Competitive rates (starting from 2.98% historically), no breakage penalties on the Flex product, and overpayment options.
More on: Avant Money Mortgages
2. Bank of Ireland (BOI)
Best For: Cashback & Energy Efficiency
Bank of Ireland is a pillar bank offering a wide range of products for First-Time Buyers and Movers.
- Key Product: EcoSaver Mortgage. This product rewards you with a lower interest rate if your home has a high Building Energy Rating (BER). The better your energy rating, the lower your rate.
- Pros: Strong Cashback offers (often up to 3% of the mortgage value for switchers) and tiered discounts for energy-efficient homes.
More on: Bank Of Ireland Mortgages
3. Permanent TSB (PTSB)
Best For: Cash Offers & repayment Flexibility
Permanent TSB is renowned for its incentives and flexible payment options, making them a strong contender for first-time buyers who need cash upfront for renovations or fees.
- Key Product: Cashback Plus. PTSB frequently offers cashback incentives at drawdown and monthly cash rewards on current account usage.
- Pros: Fast approval times for straightforward applications and significant upfront cash incentives which can cover legal and valuation fees.
More on: Permanent TSB Mortgages
4. Núa Money
Best For: Extended Terms & “Mortgage Prisoners”
A new entrant to the Irish market in 2024, Núa Money is a digital-first lender designed to serve borrowers that traditional banks often reject.
- Key Product: Núa Freedom. Designed specifically for borrowers trapped with “vulture funds,” allowing them to refinance to a normalised rate.
- Pros:
- 40-Year Terms: Offers the longest mortgage term in the market, lowering monthly repayments.
- Age Limit: Allows borrowing up to age 75, ideal for older applicants.
- Digital Speed: Approvals can often be issued in hours rather than weeks.
More on: Núa Money Mortgages
5. ICS Mortgages
Best For: Investors & Public Sector
ICS Mortgages specialises in bespoke underwriting, often catering to Buy-to-Let investors and those with specific income structures.
- Key Product: Buy-to-Let Flex. ICS is a market leader for landlords, offering interest-only options and flexible terms for portfolio investors.
- Pros: High acceptance of variable income and specialised criteria that suits public sector employees and property investors.
More on: ICS Mortgages
Mortgage Comparison Table
| Featured | Avant Money | Núa Money | Bank of Ireland | PTSB | ICS Mortgages |
|---|---|---|---|---|---|
| Best Feature | Lowest rates | 40-year terms | EcoSaver rates | Cashback | Buy-to-let |
| Max Term | 35 years | 40 years | 35 years | 35 years | 35 years |
| Max Age | 70 | 75 | 70 | 70 | 70 |
| Fixed Options | Yes (Flex) | Yes | Yes | Yes | Yes |
| Cashback | Yes | No | Yes | Yes | Yes |
How to compare mortgages
Finding the most cost-effective mortgage requires looking beyond the headline interest rate to uncover the true cost of the loan over its lifetime. By following these three essential steps, you can accurately weigh upfront incentives against long-term savings to ensure you secure the best possible deal for your financial future.
1. Check the APRC not just interest
Do not just look at the headline interest rate. The APRC includes the interest rate plus other costs (like valuation and legal fees) spread over the loan term. It gives you the true cost of the mortgage. APRC = Annual Percentage Rate of Charge
2. Calculate the 'cost of credit'
Ask your broker to calculate the total amount you will pay back over the full term. A lower monthly repayment might cost you more in the long run if the term is longer (e.g., 35 years vs 30 years).
3. Factor in Incentives vs. rates
Ask your broker to calculate the total amount you will pay back over the full term. A lower monthly repayment might cost you more in the long run if the term is longer (e.g., 35 years vs 30 years).
FAQs
Which bank has the best mortgage rate in Ireland?
There is no single “best” bank as rates change weekly. Generally, non-bank lenders like Avant Money offer the lowest direct interest rates, while Bank of Ireland offers competitive rates for energy-efficient (Green) homes.
Should I choose a fixed or variable rate?
- Fixed Rate: Gives you certainty. Your repayment will not change for 3, 5, or 10 years. Best if you are on a tight budget.
- Variable Rate: Gives you flexibility. You can pay off your mortgage early without a penalty, but your repayments can go up if the ECB raises rates.
Can I switch my mortgage if I am in a fixed term?
Yes, but you may have to pay a “breakage fee” to your current bank. At JC Mortgages, we calculate if the savings from the new lower rate are bigger than the fee. If the savings are higher, it is still worth switching.
What is the "Núa Freedom" mortgage?
This is a specialised product for “mortgage prisoners”, people whose loans were sold to funds and who cannot switch to high-street banks. Núa allows these borrowers to refinance to a better rate, provided they have a clean repayment history for the last 12-24 months.
Ready to compare?
Don’t leave your savings to chance. Contact JC Mortgages today for a full market comparison tailored to your income and deposit.
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