Thinking of buying your first home in Ireland this year? Mortgage rates in 2025 are more competitive than in recent years, with lower rates, cashback deals, and discounts for energy-efficient homes. But finding the best offer for you can be tricky.
This guide explains what counts as a good mortgage rate, compares top options, and highlights what to consider before signing on the dotted line.
Types of Mortgage Rates in Ireland
Fixed rates – Your repayments stay the same for a set period (e.g., 3, 5, or 10 years). Great for budgeting and peace of mind. Some banks now even offer 30-year fixed options.
Variable rates – Move up or down depending on market conditions. Can start lower but carry more uncertainty.
Green mortgages – For homes with a BER rating of B3 or better. Often discounted and increasingly popular with first-time buyers.
Average Mortgage Rates in Ireland
As of 2025, rates generally range between 3.10% and 6.4%, with the most competitive rate starting from 3.10%. Green mortgage options tend to be at the lower end. The best rates listed below assume a deposit between 10% – 19% of the purchase price.
4-Year Fixed Rates (80–90% LTV)
| Lender | Rate (%) | Notes |
|---|---|---|
| Bank of Ireland | 3.10% | Best overall rate |
| Haven (Green) | 3.45% | Requires energy-efficient property |
| EBS (Green) | 3.55% | Green-specific mortgage |
| PTSB | 3.80% | New business standard rate |
| Avant Money | 3.80% | Standard fixed rate + 1% cashback |
| AIB | 4.05% | |
| Nua | — | N/A |
| MoCo | — | N/A |
| ICS Mortgages | — | N/A |
3-Year Fixed Rates (80–90% LTV)
| Lender | Rate (%) | Notes |
|---|---|---|
| AIB | 3.95% | Standard rate |
| Bank of Ireland | 3.90% | Green rate for BER A properties & 2% cashback |
| PTSB | 4.05% | Standard new business rate & 2% cashback |
| Avant Money | 3.95% | Standard rate up to 90% LTV |
| ICS Mortgages | 4.10% | Average for LTV up to 90% |
| Haven | 3.75% | Standard rate |
| MoCo | 3.95% | Mid-range rate, may include cashback |
| Nua | 4.10% | Rate for 60–80% LTV; higher LTV likely similar |
Best Variable Rates (80–90% LTV)
| Lender | Rate (%) | Notes |
|---|---|---|
| Avant Money | 3.18% | Flex Mortgage with annual Euribor reset; Ireland’s lowest variable rate |
| ICS Mortgages | 4.10% | Standard variable rate; recent ECB cuts may apply |
| Bank of Ireland | 4.15% | Standard variable rate |
| AIB | 4.15% | Standard variable rate |
| PTSB | 4.70% | Standard variable rate & 2% cashback |
| Haven | 4.15% | Standard variable rate |
| MoCo | 4.10% | Standard variable rate |
| Nua | 4.15% | Standard variable rate |
Factors Beyond the Interest Rate
When looking for the best mortgage as a first-time buyer, the interest rate is important—but it’s not the whole story. Consider:
Cashback & incentives – Some lenders offer cashback at drawdown or other perks.
Fees & charges – Legal fees, valuation costs, and setup charges can add up.
Flexibility – Can you make extra repayments or repay early without penalties?
Deposit size – Larger deposits can lower your LTV and help secure better rates.
Long-term value – Sometimes a slightly higher rate is worth it if it comes with perks like cashback, lower fees, or repayment flexibility.
Professional guidance – Mortgage calculators and brokers save time and help uncover hidden deals.
Tips to Secure the Best Mortgage Rates for First-Time Buyers
Boost your credit rating
Lenders look closely at your credit history. A stronger credit profile can make you more attractive to lenders and help you qualify for lower rates.
Save a bigger deposit
The more you can put down, the lower your loan-to-value (LTV) ratio. A larger deposit often leads to more competitive rates, so aim to go beyond the minimum if possible.
Work with a mortgage broker
Experienced brokers can help you compare lenders, access exclusive deals, and avoid common mistakes. They make the process faster and can uncover rates you might not find on your own.
Ready to Find Your Perfect Mortgage?
Getting the best mortgage isn’t just about finding the lowest rate—it’s about choosing a deal that fits your lifestyle, budget, and long-term plans. Let a mortgage broker guide you, uncover hidden deals, and secure the right mortgage for you.
Take the first step today and apply now with Park Financial:
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