NBCU Mortgages

Introducing Mortgages

Discover the latest mortgage offering from Naomh Breandan Credit Union at an interest rate of 3.85% (3.92% APR).

Naomh Breandan Credit Union is delighted to announce a mortgage offering to members. This will be available for Principle Primary Residences (PPRs) in the Republic of Ireland at an interest rate of 3.85% (3.92% APR) and with a maximum term of 35 years.

Further details are outlined below but if you are interested in the mortgage offering we would recommend you to discuss directly with our team in Naomh Breandan Credit Union by visiting the office, phoning us at 091 841 773 or emailing us at info@naomhbreandancu.ie

What is a Mortgage?

A mortgage is a long-term loan to help you buy a home. Most mortgages are borrowed over (i.e. paid back over) 20 to 30 years, but can be longer or shorter. At the Credit Union, your mortgage can last up to 35 years. Mortgages are paid over regular repayments throughout this term. These payments will be including the interest on the loan.

Your Application

Your Credit Union can guide you through your entire application process. After you’ve completed your application and supplied your documents, we’ll review and let you know if you’ve been approved. This stage usually takes up to two weeks, and within that time we might ask for additional information while reviewing your application.

Capped Variable Rate

A brand new mortgage offering for Ireland, Credit Union Mortgages offers Credit Union members a capped variable rate, giving you all the security of a fixed rate with the flexibility of a variable rate. A Capped Variable Rate Mortgage gives you certainty about your maximum monthly repayments as for the first 3 years, your repayments will never go above the cap rate, but they can come down.

Mortgage Representative Example

A representative example is a term used in financial regulations. The example will help to show you the typical costs associated with a loan for a certain amount.

Loan Amount

€350,000

Rate of Interest - APR

3.92%

Loan Term

35 years

Total Interest

€287,705

Monthly Repayment

€1,519

Total Cost of Credit

€637,705

Documents We May Require

Payslips 3 most recent & consecutive
Bank Statements 6 months most recent and up-to-date including all bank accounts, accounts held for savings, credit cards, etc.
Statements for all Credit Facilities: Including mortgage statement and personal loans.
Employment Detail Summary
Proof of ID Passport / Drivers Licence / ML10 Form
PPS Number on official document

Other information may be requested for the application process. Our team will help guide you through the process.

Ready to Apply?

Contact our team in Naomh Breandan Credit Union to find out more and start the application process.

Contact

Naomh Breandan Credit Union is Regulated by the Central Bank of Ireland. Lending criteria, terms and conditions apply. Applicants must be over 18 and resident in the Republic of Ireland. Mortgage approval is subject to a satisfactory assessment of suitability and affordability.

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.
Warning: Your home is at risk if you do not keep up repayments on a mortgage or any other loan secured on your home.
For more information, please contact us at 091 841 773 or at info@naomhbreandancu.e