Today’s Best Mortgage Interest Rates in Northern Ireland

Looking for a mortgage in Northern Ireland? Need to compare rates and deals. Our guide to the best mortgage rates in Northern Ireland will tell you all you need to know.

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Home Mortgage Interest Rates Today’s Best Mortgage Interest Rates In Northern Ireland
Pete Mugleston

Author: Pete Mugleston

Mortgage Advisor, MD

Updated: March 15, 2024

Getting a mortgage in Northern Ireland is a relatively straightforward process and doesn’t differ much from the rest of the UK in terms of eligibility criteria and application process. But finding the best rate on a mortgage in Northern Ireland can be a little tricky without expert help.

Take a look at our rates table below to get an idea of the current mortgage deals available in Northern Ireland.

Lender Product Details
Frosted Rates Image

Looking for more rates and deals?

We can match you with a mortgage broker who can provide you with up-to-date bespoke rates and deals from across the entire market.

Last updated May 2024

Please note that all rates cited in these tables are purely for example purposes, were accurate at the time of writing and can be subject to change at any time at the lender’s discretion.

How to compare mortgage rates in Northern Ireland

The best way to compare mortgage rates in Northern Ireland is to use a whole-of-market broker who specialises in the market over there, rather than rely on rates tables and listing on lenders’ websites.

The benefits of using our service to be matched with your ideal mortgage advisor include…

  • Access to the entire market, not just the deals you see listed on a rates table
  • Recommendations for bespoke deals tailored to your requirements
  • Advice on how to get the best rate available
  • Guidance throughout the application process

To get matched with a broker who specialises in Northern Irish mortgages, get in touch.

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Are mortgage rates different there?

In some cases, yes. Although most major UK banks offer the same deals on Northern Irish mortgages as they do in the rest of the UK.

However, some of the best mortgage rates in the UK are available in Northern Ireland. But to find them, you need to know where to look. And that requires extensive knowledge of this market.

Fewer mortgage providers lend in Northern Ireland compared with other parts of the UK. And some lenders include postcode restrictions as part of their lending criteria.

As such, it can be hard to find a deal that suits your circumstances by using traditional routes such as online comparison sites or going directly to a lender.

Are the rates different for first-time buyers?

Many first-time buyers in Northern Ireland take out mortgages with a low deposit of between 5% and 10%. This creates greater risk for the lender and leads to slightly higher rates.

However, with a clean credit record and good affordability, there are competitive rates available. There are also government schemes available to help first-time buyers in Northern Ireland who are struggling to save for a deposit.

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Getting the best rate on a remortgage

Often, when you come to remortgage, you can access better rates as equity has built up and your loan to value (LTV) has reduced.

It can be tempting to simply take the rate your existing lender offers, but there could be much lower rates available by scouring the entire Northern Irish remortgage market. And if you employ a broker to do the leg work for you, it needn’t cause you any hassle or stress.

Buy-to-let mortgage rates in Northern Ireland

Buy-to-let interest rates in Northern Ireland are broadly similar to those available across the rest of the UK. Although it can be a little more challenging finding a lender in some postcode areas.

Typically, you will need a deposit of at least 25% in order to get a buy-to-let mortgage in Northern Ireland. With a 25% deposit and a strong application, you should be able to qualify for the most competitive rates available.

Head to our buy-to-let mortgage rates page for more information about the latest deals available.

Why use Online Mortgage Advisor?

Our mortgage broker-matching service is the best way to secure the lowest interest rate on your Northern Irish mortgage. The limitations of rates tables do not apply with a handpicked broker on your side, as you will have access to every deal on the market as well as bespoke advice on which one to choose.

We work with brokers who have deep knowledge of Northern Ireland mortgages and broad experience of helping people in all types of circumstances to get the lowest interest rates on their mortgage.

Our broker matching service will assess your situation and put you in contact with an expert who has experience helping people just like you secure the best mortgage deal available in the country.

Call today on 0808 189 2301 or enquire online to get started.

Maximise your chance of approval with a specialist

Get Started

Ask Us A Question

We know everyone's circumstances are different, that's why we work with mortgage brokers who are experts in all different mortgage subjects.

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FAQs

Very few lenders offer self-build mortgages in Northern Ireland but it is possible to get one.

You will need a deposit of a least 20% and, depending on the strength of your application, if it is approved you can expect to secure a rate of between 5.59% and 6.68%.

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We know everyone's circumstances are different, that's why we work with mortgage brokers who are experts in all different mortgage subjects.

Ask us a question and we'll get the best expert to help.

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About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for Online Mortgage Advisor of course!

Read more about Pete

Pete Mugleston

Mortgage Advisor, MD

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