Core Credit Union Mortgages

Mortgages from the people you can trust

Borrow between €40K and €650K

A mortgage from Core Credit Union is unique in so many ways.

 

Buying a property is a stressful time. What to buy (and where)? How much to bid (and when)?  When you’ve finally found what you’re looking for and you need a mortgage, you want to deal with a lender you can trust.

We offer two mortgages, both of which have a maximum duration of 35 years; a 5% Fixed Rate mortgage which can be cleared at anytime without any penalties; and a 3.85% variable mortgage which has an added benefit of a cap set at 4.4% for the first 3 years providing security against future interest rate increases. T&Cs apply.

CoreCu Mortgages – the details:

  • Borrow between €40K and €650K
  • Max term is 35 years
  • Assessed on 3 times gross income, outgoings and previous credit history.
  • Debt to Income – our guideline is 38%
  • Max finance is 70% of market value of the property (30% deposit is required)

Talk to Core Credit Union today

Image link to click through to landing page focussing on our 5 percent Fixed Rate mortgage.
Image link to click through to landing page focussing on our 3.85 percent variable mortgage.

What you need:

 

Identification – Passport/Driver Licence and utility bill confirming address

Confirmation of balance of funds – e.g. Gift letter, saving account showing savings

Employment Requirements

Employees must be in permanent employment for more than 6 months and have successfully completed their probationary period

Self-Employed must be self-employed for a minimum of 2 years

 

Documents Required

Employees

3 Months up to date consecutive payslips 6 months bank statements of all bank accounts

 

Self-Employed

2 years set of financial accounts certified by accountant 6 months bank statements of all personal bank accounts
Confirmation of your tax position from your accountant 6 months bank statements of all business bank account
Tax Clearance Certificate Last 2 years Tax Returns i.e., Chapter 4 & Form 11.

Warning: If you do not keep up your repayments you may lose your home.

Warning: The cost of your monthly repayments may increase.

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, a hire-purchase agreement, a consumer-hire agreement or a BNPL agreement in the future. 

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Core Credit Union does not apply any exit charge on early redemption or switching to a variable rate with the same term

For an appointment to speak to one of our Loan Officers please complete the contact form below or if you have any specific Mortgage query, please email members@corecu.ie or you can also call: 01 272 5600