Irish paying at least €80,000 more on mortgage €300,000 than EU counterparts

Irish Times | Sep 13, 2019 at 1:36 PM
  • New Irish mortgage holders can expect to pay at least €80,000 more than their European counterparts on a €300,000 mortgage over the course of 30 years.
  • Analysis from Brokers Ireland, a lobby group representing 1,250 brokers, found that on a rate of 2.98 per cent, Irish mortgage holders can expect to pay €454,000 back on a €300,000 mortgage while those in the euro area can expect to pay back €374,000.
  • Bank of Ireland’s lowest rate is a 2.5 per cent rate fixed for five years while AIB offers a four-year fixed rate for 2.85 per cent.