Introducing our Mortgage product to our valued members.
In 2018, credit unions were voted the most highly regarded organisation in Ireland in the Reptrak® Ireland study, so who better to talk to when making one of the most important decisions in your lifetime.
Don’t worry if you are not a member yet….. get in touch with us, and we will help you join.
Please note that at this time, Wexford Credit Union Limited does not offer mortgages for self-builds and buy to lets.
Mortgage Affordability Calculator
Private principal residences in the Republic of Ireland.
Includes First Time Buyers and Non-First Time Buyers in full-time employment. Members must be over 18 and can repay the loan and complete the mortgage by the 70th birthday.
A home loan where a loan made to a member secured by property for the purpose of enabling the member to;
Improve or renovate a house on the property that is their principal residence;
buy a house already constructed on the property for use as their principal residence; or
refinance a loan previously provided for one of the purposes specified above for the same purpose
Loan to Income
Maximum of 3.5 times gross earned income – no exceptions
First legal charge
Loan to Value (LTV)
80% of all other members (Non-FTB) – no exceptions
90% First Time Buyers (FTB) – no exceptions
Loan to Value (LTV)
70% all other members (Non-FTB) – no exceptions
80% First Time Buyers (FTB) – no exceptions
3.99% for all mortgages.
The policy is in the (joint) name(s) with the correct balance and term to cover the home loan and assigned to Wexford Credit Union. Member is liable for this cost.
The policy is in the same borrower(s) name(s) as the home loan account for the reinstatement value per the valuation report, with Wexford Credit Union’s interest noted.
Standard structural report from Wexford Credit Union’s panel of approved surveyors or another mutually agreed surveyor.
Standard valuation report from a Wexford Credit Union’s panel of approved auctioneers. Paid by Wexford Credit Union.
Payments must be made by direct debit monthly
A Mortgage of €100,000 at a rate of 3.99% (4.06% APR variable) over 20 years with 240 monthly installments; costs €609.15 per month excluding insurance. The total amount to be repaid is €146,195.18. The additional cost per month of a 2% rise in the interest rate of such a Home Loan is €99.
The credit union will seek legal advice on all proposed transactions under this category.
In the event the credit union is defrauded, it reserves the right to pursue matters with the appropriate regulatory authority.
In the event the loan term extends past the consumer’s expected retirement age, the credit union will take appropriate account of the adequacy of the member’s likely income and ability to continue to meet obligations under the credit agreement in retirement.
It is the policy of the credit union to pursue defaulting members for repayment of outstanding home loans. The Board authorises the repossession of property that has been held as security against a housing loan after all appropriate resolution processes have been exhausted.
The Borrower is liable to pay the legal fees, costs, and outlay (excluding costs associated with the Lender’s legal investigation of title for the purpose of the legal mortgage and charge) incurred in respect of the loan.
So, what now?
If you would like to speak to our Home Loan officers, you can contact us in any of the following ways:
Call 053 912 3909 and ask to speak to a Home Loan officer
You can also download our Mortgage Checklist, which sets out all the required documents you need to provide to make an application. Once you have the documents, you can make an appointment to meet a mortgage officer. You can download our Employee Status Report.
If you are a first-time buyer, don’t forget to check if the Help to Buy Scheme applies to you.
You can find our Home Loan Variable Rate Policy Statement here.
If you’re worried about arrears or potential arrears on your mortgage, please click here.
Warning – This is a variable rate loan: The payment rates on this mortgage may be adjusted from time to time.
Warning – Your home is at risk if you do not keep up repayments on a mortgage or any other loan secured on it.
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.
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalised web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. For more information please see our Cookies Policy.
These cookies are absolutely necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.