Home Loan CalculatorFeatures & Benefits Copied
ICS Mortgages Introduces our Flexi 2-year interest only feature - Providing financial flexibility for the first two years of your mortgage journey. This new feature is available through a wide network of brokers across the country, or directly through our lending team.
For further information, please contact one of the brokers below and they would be delighted to discuss our mortgage products with you, or alternatively contact us at 0818 427 427 or email icsdirect@dilosk.com.
Features & Benefits of our Flexi 2 year Interest Only Home Owner Mortgage:
- Pay Interest only for the first 2 years, meaning your repayments will be reduced during the first 24 months.
- Capital and interest repayments apply for the remaining term.
- Available to First time buyers, Movers, Switcher and Public Sector workers.
- Ideal for those seeking breathing room in the early years of their mortgage.
- Up to 90% Loan to Value.
- A minimum loan size of €100,000.
- A maximum loan size of €1.5M (Max LTV of 75% for loans greater than €1M).
- 5 – 35 Year Loan Term.
- Rates from 4.25%.
- Minimum age of applicants 18 years, maximum age on maturity 80 years.
- Flexible Repayment Options Available.
- Payment Breaks - customers can apply for a 3 month break from their mortgage payment up to 3 times through their mortgage term. This is to give a little breathing space during certain life events such as the birth of a child, medical or educational expenses.
- The total cost of credit when selecting this feature will be higher than a capital and interest mortgage.
Fees and Charges:
Standard Fees and Charges Applied
Unpaid Direct Debit
€12
Interest surcharge (arrears)
– Subject to the provision of Chapter 3 of the Central Bank of Ireland’s Code of Conduct on Mortgage Arrears.
0.4% per month
Legal Fees and Charges Applied
Accountable Trust Receipt
– This fee is charged when a Solicitor requests the Title Deeds on behalf of our customers. The fee is not applicable where our customers are seeking
€63
Third Party Fees and Charges Applied
Third Party Fees and Charges
There may be other charges associated with your mortgage payable directly by you to third parties, e.g. Solicitor Fees, Valuation Fees, Surveyor Fees.
Valuation Fee
€185
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
WARNING: IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME.
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, A HIRE PURCHASE AGREEMENT, A CONSUMER-HIRE AGREEMENT OR A BNPL AGREEMENT IN THE FUTURE.
WARNING: THE ENTIRE AMOUNT THAT YOU HAVE BORROWED WILL STILL BE OUTSTANDING AT THE END OF THE INTEREST-ONLY PERIOD.
COST OF CREDIT: AN INDICATIVE COST OF CREDIT INCLUDING THE INTEREST-ONLY FEATURE IS €231,409, COMPARED TO €223,547 FOR A CAPITAL AND INTERST MORTGAGE OF €250,000 OVER A 30-YEAR TERM ON A FIXED RATE OF 4.25% MOVING TO A VARIABLE RATE OF 4.99%.
WARNING: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME. THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE
WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED RATE LOAN EARLY.
WARNING: THIS NEW LOAN MAY TAKE LONGER TO PAY OFF THAN YOUR PREVIOUS LOAN. THIS MEANS THAT YOU MAY PAY MORE THAN IF YOU PAID OVER A SHORTER TERM.
WARNING: YOUR PROPERTY IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
Lending criteria, terms and conditions apply and are subject to change. Minimum loan size is €100,000. Maximum loan amount is up to 4 times income (or 3.5 times income depending on borrower category). A valuation fee of €185 applies. A redemption fee of €120 applies. Available to over 18s only. APRC calculations are based on a €100,000 mortgage over a 20-year term.Rates are correct as at 23.04.2024 but are subject to change.
Dilosk DAC trading as Dilosk and ICS Mortgages is regulated by the Central Bank of Ireland.
For more information contact ICS Mortgages
PHONE: 0818 427 427
EMAIL: icsdirect@dilosk.com
Or contact your local Mortgage Broker
We’d be delighted to do business with you