Reacting to the news from the European Central Bank, Drogheda Credit Union were quick off the block to reassure mortgage holders that there will be no rate increase to their mortgage interest rates following the decision by the ECB earlier this week.
“We at Drogheda Credit Union are very aware of the cost-of-living pressures on households and will not be raising any of our mortgage product rates. Many householders will be facing Back to School and other costs in the months ahead and they will be relieved to know their mortgage repayments will remain unchanged”, said Tom Kiely, CEO.
“We can do this because we are member-owned, member funded, and not focused on making profits but on offering our members long term value and support”, he said.
Drogheda Credit Union mortgage products include the Green Mortgage from 3.3%(3.35%APR),Standard Variable Rate Mortgage set at 3.9% (3.97% APR) and Ireland’s first capped variable-rate Set at 3.85% (APRC 3.92%), this rate also features an interest rate cap meaning the rate is guaranteed not to rise beyond 4.40% (APRC 4.5%) for the first three years, giving homeowners increased certainty and security in the management of their household budgets.
For more information on Drogheda Credit Union mortgage products visit www.droghedacu.ie or to make an appointment to speak to our lending team click here
