Home » Capped Variable Rate Mortgage
Built for Certainty. (T&Cs apply)
We offer a Capped Variable Rate Mortgage, a new mortgage offering in Ireland. It offers you all the flexibility of a variable rate with the stability of a capped rate for the first 3 years.
Our current rate is 3.85% (APRC 3.92%) capped at 4.40% (APRC 4.5%)* for 3 years.
Borrow between : €50K and €500K
Key features of the new Capped Rate Mortgage:
Variable Rate: The product has a variable rate of 3.85% (APRC 3.92%).
Rate cap: The interest rate is capped at 4.4% (APRC 4.5%) for the first three years, meaning your repayments will not exceed this rate during that period.
Flexibility: It offers the flexibility of a variable rate, as the interest rate can go down, but with the security of the cap in place
*APRC stands for Annual Percentage Rate of Charge, representing the total cost of a mortgage over its full term, including interest and all associated fees.
This rate is also available for the following subject to corresponding documentation. (T&C's apply)
- Remortgage of Principle Private Residence (PPR)
- Equity release on PPR for home improvements
- Consolidation of an existing home improvement loan
Loan to Income:
First Time Borrowers: Borrow up to 4 times your gross income
None First Time Borrowers: Borrow up to 3.5 times your gross income
Terms Available: 5-35 years
Download our Enquiry form below and email back to Loans@droghedacu.ie
