A Credit Union Mortgage
9 February, 2023Buying 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. In comes a Credit Union Mortgage!
A mortgage from First South Credit Union is unique in so many ways.
- First South Credit Union is owned by its members, the people who save with it and borrow from it. A mortgage from First South Credit Union is funded by the savings of other people within the community.
- All lending decisions are taken at local level, not in a remote head office.
- We excel in the personal service we provide. For a record breaking eight years in a row, credit unions have been voted the best organisation for customer experience in the CXi Ireland report
- In 2022, credit unions were voted as one of the top two most highly regarded financial services organisations in Ireland in the Reptrak® Ireland study.
Facts about a First South Credit Union Mortgage:
- One of the lowest variable interest rates available at 3.25%.
- First time buyers can borrow up to 90% of the value of the property
- There are no hidden fees or transaction charges
- Whether you are re-mortgaging for an extension, purchasing a house or building your own home, we can support you with a mortgage from as little as €75,000 up to €350,000.
If you’re buying (or building) your first home, trading up (or down) or you’re thinking about switching your mortgage, talk to us today.
*****
Please note: A mortgage from First South Credit Union can only be used when purchasing a principal primary residence
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 in the future.
Warning: If you do not keep up your repayments you may lose your home.
The lender is First South Credit Union Limited. Security on your property, property insurance and life cover are required. Loans are subject to approval. Terms & Conditions apply. A mortgage of €150,000 over 25 years with 300 monthly instalments costs €730.97 per month at 3.25% variable interest rate (Annual Percentage Rate 3.3%). The total amount you pay is €219,316.95. Possible fluctuations of the rate could affect the amount payable. First South Credit Union Limited is regulated by the Central Bank of Ireland.
