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Variable Rate Mortgage
Variable Rate
The vast majority of Irish Consumers have a variable rate mortgage. A variable rate mortgage can be adjusted by the lender at any stage during the term of the loan. However lenders tend to adjust this rate when the European Central Bank announce a rate increase or decrease.
Advantages
No penalty for early redemption of mortgage
Will benefit from interest rate decrease
Disadvantages
X Repayments will increase if rates increase
VARIABLE RATE MORTGAGE - ONLINE APPLICATION
Warning: The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home
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With access to twelve leading lenders, Mortgage Plus are able to offer you the best mortgage rates available and now as part of our expanding portfolio, we offer 100% mortgages for the first time buyer. Click here to APPLY ONLINE
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