Mortgages from Westport
Credit Union
Why choose a mortgage from Westport Credit Union?
Lets have a look.
- Highly competitive low interest rates
- Speed and convenience - decisions are made locally
- No fees or charges, no penalties for early repayment.
- Personal treatment every step of the way.
- Free loan protection Insurance - terms and conditions apply
Do you have to be a member of Westport Credit Union?
No, you do not have to be a member, simply contact Westport Credit Union by calling into the branch, email mortgages@westportcu.ie or telephone 098-25614 (Extension 2)
How do you apply for a Mortgage from Westport Credit Union?
You can apply for a mortgage in Branch, email mortgages@westportcu.ie or give us a call on 098-25614 (Extension 2)
Mortgage Affordability Calculator
Calculate how much you could borrow in a few easy steps using our Mortgage Affordability Calculator.
Mortgage Information and Criteria
- You must be a member of Westport Credit Union before submitting a mortgage application.
- Mortgage is for Principle Private Residence (Family Home) only; we do not provide mortgages for investment/rental properties.
- Minimum mortgage amount is €80,000; Maximum mortgage amount is €350,000. Terms & Conditions apply.
- Maximum mortgage term is 35 years; however, mortgage term cannot exceed member’s 70th Birthday.
- Maximum LTV ratio is 90% for first time buyers, therefore minimum deposit of 10% of the property purchase price is required. Member must also have enough funds to cover Stamp Duty & Solicitor’s Fees.
- At least one applicant must be permanently employed and have passed the required probation period, or be self-employed for a minimum of 3 years.
- You must have a demonstrated repayment capacity. This can be demonstrated through savings history, recently cleared lending facilities or rent payment history.
- Underwriting is determined by an assessment of ability to repay & previous credit history.
- Mortgage Protection life assurance will be required.
LOANS ARE SUBJECT TO APPROVAL. TERMS & CONDITIONS APPLY.
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.
WARNING – POSSIBLE FLUCTUATIONS IN THE INTEREST RATE COULD AFFECT THE AMOUNT PAYABLE.
4% MORTGAGE
€200,000 loan repayable over 20 years. Rate of interest 4 per annum variable. 4.07% APRC, 240 monthly repayments of €1,212.07 per month. Total cost of credit €90,883.25, total amount payable €290,833.25
Mortgage Enquiry Form
The Mission of the Credit Union is to promote the financial well being of its members.
