What Makes Connect Credit Union's Mortgage Different?
Mortgage Expert: You will have a dedicated Mortgage officer helping you from application to drawdown.
Members can apply for up to €500,000 over a 35 year max term.
Competitive Rates: Green Mortgage rate at 2.99% APR, Standard Mortgage Rate at 3.82% APR.
Free Loan Protection Insurance: Where applicable, Connect Credit Union provide free loan protection insurance which is accepted in place of Mortgage Protection, saving you on a monthly insurance cost. T&C's apply.
Three Year Rate Guarantee: Connect CU provide a three year guarantee on your interest rate. This is written into your offer letter, meaning you don't have to worry about any hikes in your repayments for the first three years of the mortgage.
- 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 keep up your repayments you may lose your home.
- WARNING - Possible fluctuations in the interest rate could affect the amount payable.
Security, property insurance and life cover required. Loans are subject to approval. Terms and conditions apply. Credit Unions in the Republic of Ireland are regulated by the Central Bank of Ireland.
Mortgage FAQs
Available for first time buyers purchasing a Principal Private Residences, non-first-time buyer purchasing PPRs, Re-mortgage of PPRs, Equity release on PPRs for home improvements and Consolidation of an existing home improvement loan.
Minimum Loan Amount €40,000 - Maximum Loan Amount €500,000
Minimum 5 years - Maximum 35 years
First Time Buyer - 90% LTV Non-First Time Buyer -80% LTV
4 times gross salary of applicant or in cases of joint application combined salary
Min - 18 years old
Max - 65 years old
Employed
- 3 months’ up to date consecutive pay slips
- Completed Salary Certificate
- P60’s for 3 years
- 6 months personal bank statements
- Copy of all savings/investment statements for the previous 6 months
- Evidence of balance of funds will be required
- Copy of all mortgage/loan statements for the previous 6 months
Self employed
- Last 3 years certified accounts
- Last 3 years tax returns
- Tax clearance cert
- Form 11 for last 3 years
- 6 months personal bank statements
- Copy of all savings/investment statements for the previous 6 months
- Evidence of balance of funds will be required
- Copy of all mortgage/loan statements for the previous 6 months
You most have been in permanent employment for a period greater than 6 months or self-employed for at least 3 years at the time of application.
Yes, we would require: Site map, house plans, specifications and planning permission along with a breakdown of the cost of construction and an architect letter of supervision and indemnity insurance.
Yes, like any other mortgage we would require a First Legal Charge, where applicable, assigned mortgage protection policy covering the full amount and term of the loan or equivalent i.e., to rely on ECCU Loan Protection for insurance cover andhouse insurance with the interest of the Credit Union noted on the policy schedule.
- Stamp duty
- Valuation Fees
- Solicitors Fees
- Legal Outlay
- Structural survey
- If property is older than 50 years
You can discuss these costs with one of our loan officer to give you an idea of expenses.
