At Savvi Credit Union, we’re proud to bring you something truly unique, Ireland’s new Capped Variable Rate Mortgage. It gives you the flexibility of a variable rate with the peace of mind of a capped rate. How? Your repayments will never go above a set limit during the capped period, no matter how rates may change. Our current rate is 3.85% (APRC 3.92%), capped at 4.40% (APRC 4.5%) for the first 3 years.
- 3-year capped rate period – Your interest rate will never go above the agreed cap during this time.
- Overpayment options – Make lump sum or regular extra payments. You decide whether to:
- Reduce your monthly repayments while keeping the same term, or
- Keep your repayments the same and shorten your mortgage term.
- Flexibility built in – Tailor your mortgage to your lifestyle and financial goals.
Let’s make your mortgage journey smooth and stress-free with Savvi – you will have a dedicated mortgage expert to guide you through the process. We believe that getting your mortgage should feel exciting, not overwhelming. From envisioning your dream home to picking up the keys, we’ll be with you every step of the way.
With Savvi you’ll enjoy:
- Weekly Total Repayments Interest
- Monthly Total Repayments Interest
- Fortnightly Total Repayments Interest
We now securely use OPEN BANKING, making loan applications quicker & less hassle for you. Find out more about it here
APR means Annual Percentage Rate. The repayment amount quoted is for illustrative purposes only, to provide you with an overview of the potential cost of borrowing. Restrictions may apply.
Apply Now
Contact our mortgage team today to arrange a chat with friendly advice.
- Call us on 01-6325100 and select 2 from the menu
- Email us on mortgages@savvi.ie with your number and preferred time for us to call you back
The finer details
- Any member over the age of 18 can apply for a mortgage
- Maximum term available is 35 years
- Maximum loan to value is 90%, so you must have a deposit of a least 10% of the house price.
- You must also have enough funds to cover Stamp Duty & Solicitor’s Fees.
- Maximum loan to income: 4 times for first-time buyers and 3.5 times for Switchers or Movers
How much will it cost?
- Here is a handy representative example for you: The monthly repayment on a 20-year mortgage with a variable borrowing rate of 3.85% on a mortgage of €100,000 is €598.11 for 240 months. Total amount repayable is €143,545. If interest rates increase to the cap of 4.40%, an additional €29.15 would be payable per month. For this example, Annual Percentage Rate of Charge (APRC) of 3.92% applies and consists of variable borrowing rate of 3.85%. It does not include valuation fees, legal fees, or other third-party charges that may apply.
Lending criteria, terms and conditions apply. Applicants must be over 18 and resident in the Republic of Ireland. Mortgage approval is subject to a satisfactory assessment of suitability and affordability. A first legal charge is required for all mortgages. Mortgage protection insurance and home insurance are required
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit report, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL-agreement in the future.
Warning: if you do not keep up your repayments you may lose your home.
Warning: You should consider the total cost of the mortgage and any applicable incentive included in a mortgage offer.