October 3, 2022
Haven mortgage rates

Haven mortgage rates

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What are the Haven mortgage rates? Haven offers a range of fixed and variable Haven mortgage rates. Fixed Haven mortgage rates have a maturity of 1-5, 7, and 10 years, which means that your payment does not change during the fixed-rate period.

Variable Haven mortgage rates depend on the loan against the value of your mortgage. This means that the amount you borrow is expressed as a percentage of the property’s value. For example, a $100,000 mortgage on a property valued at $200,000 would give a 50% loan value. Variable rates can rise and fall over the life of your mortgage.

Existing home-owned mortgage customers may be eligible to switch to a new deal loan-to-value (LTV) interest rate where the LTV changes sufficiently throughout the mortgage.

The annual percentage rate or annual percentage rate is the total cost of borrowing the loan amount. It takes into account all costs incurred during the life of the loan, such as the origination costs and the interest rate.

Haven Mortgage Rates

According to Haven’s official website, the following table of Haven’s mortgage rates has been published.

The APR in the Haven mortgage rates tables below is a typical APR based on an assumed loan of €100,000 over a 20-year term.

Variable Rates – New Business Homeloan – Effective 18th October 2017
LTVRateAPRC20 Years25 Years30 Years35 Years
<=50%2.75%2.8%5.424.614.083.71
>50% <=80%2.95%3.0%5.524.724.193.82
>80%3.15%3.2%5.624.824.303.93
LTV interest rates are not available on Top Up loan applications.
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRate
Fixed Rates – New & Existing Business Homeloan – Effective 8th February 2022
TermRateAPRC20 Years25 Years30 Years35 Years
1 Year3.15%3.2%5.624.824.303.93
2 Year3.15%3.2%5.624.824.303.93
3 Year2.35%3.0%5.234.413.873.50
Haven Green 4 Year Fixed Rate Mortgage2.00%2.8%5.064.243.703.31
5 Year2.55%3.0%5.324.513.983.60
7 Year2.65%2.9%5.374.564.033.66
10 Year2.85%3.1%5.474.664.143.77
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRate
Standard Variable – Existing Business Homeloan – Effective 1st November 2017
TermRateAPRC20 Years25 Years30 Years35 Years
Variable3.15%3.2%5.624.824.303.93
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRateAPRC20 Years*25 Years*30 Years*35 Years*
<=50%3.10%3.2%5.601.11.21.3
>50% <=80%3.30%3.4%5.702.12.22.3
>80%3.50%3.6%5.803.13.23.3
LTVRate

Top Up Loan Interest Rates

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The Variable and Fixed Rates shown below are applicable from 08 February 2022. These rates are available to existing Haven customers that are applying for a new Haven Top Up Loan.

Top-Up Rates – Effective 8th February 2022
Rate TypeRateAPRC20 Years25 Years30 Years35 Years
Variable3.15%3.2%5.624.824.303.93
1 Year3.15%3.2%5.624.824.303.93
2 Year3.15%3.2%5.624.824.303.93
3 Year2.35%3.0%5.234.413.873.50
Haven Green 4 Year Fixed Rate Mortgage2.00%2.8%5.064.243.703.31
5 Year2.55%3.0%5.324.513.983.60
7 Year2.65%2.9%5.374.564.033.66
10 Year2.85%3.1%5.474.664.143.77

What You Should Know About Haven Mortgage Rates

I am a mortgage holder Tracker rate

If you use a fixed interest rate, Haven Hypotheek’s interest commitment is deemed to have expired and the applicable variable interest rate of the lender will apply upon the expiry of this fixed term. To be clear, if you take advantage of a fixed interest rate, you will lose the opportunity to take advantage of a mortgage that tracks the interest in the future.

If you would like to convert your mortgage to a fixed rate and have a rate tracked, you must contact Haven on 0818 565 500 to arrange a ‘Statement of Tracked to Fixed Conversion’. You can fill this in and submit it together with the ‘Mortgage Loan Tracking Rate Conversion Form’.

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Please note that if the Tracker Fixed Conversion Statement is not completed, your request to convert your mortgage account to an existing commercial fixed rate will not be processed.

A final note on interest rate conversion

If there is a change in interest rates before Haven has converted the borrowing rate, Haven will apply the fixed rate available at the time the Conversion Form is received.

As noted above, for mortgage holders switching from a Tracked Rate Mortgage, the fixed rate applied by Haven is the fixed rate available when both the completed Conversion Form and Tracking Declaration Form are received at Haven’s registered office. If no other fixed rate is available, the current variable rate will apply. Haven cannot inform individual customers of interest rate changes before converting their loan account.

Fixed or variable?

You are already familiar with the fixed or variable rates you pay on your mortgage. But many things may have changed since the last time you made the decision. Your broker will be happy to guide you in the best option for you.

What if you still can’t choose? Well, you don’t have to. You can have your cake and eat it too. For customers who aren’t sure which rate type to choose, Haven offers the option to split the loan amount in half, so you can take advantage of both the variable rate on one part of the loan and the fixed rate on the other of the loan

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If you take out a fixed-rate mortgage for at least one year and decide to repay it (partially) early, switch to a variable rate, or switch to another fixed rate, you can take early retirement in the name of Haven.

About Haven

Haven Mortgages Limited, known as Haven, is part of the AIB Group and is regulated by the Central Bank of Ireland.

Haven focuses exclusively on mortgages and offers its products through recognized brokers.

What mortgages does Haven offer?

They offer a variety of mortgages with the added support of a Haven broker who will walk you through the mortgage process.

  1. First Time Buyer: You can borrow up to 90% of the property’s value for up to 35 years with a Haven First Time Buyer Mortgage. The broker you choose will be available throughout the process.
  2. Next Time Buyer: If you’re a little rusty about how the mortgage process works, your real estate agent can help refresh your memory and guide you every step of the way.
  3. Self-build: If you build your own house, you need a special self-build mortgage. With this mortgage type, you can repay in a maximum of six phases during construction.
  4. Switcher: Transferring your mortgage to Haven doesn’t have to be a chore with a broker on board.

What Does A Haven Broker Do?

Intermediaries are also known as mortgage brokers. Haven brokers use their knowledge and experience in various credit situations to find the right mortgage for you. They can then seamlessly guide you through every step of the loan process.

If you have a busy lifestyle or are intimidated by the amount of paperwork you need to apply for a mortgage, a real estate agent can save you time. Plus, they fill out your forms for you and eliminate any problems before they arise.

The first step in getting a mortgage in Haven is choosing a real estate agent. You should ask about the fees they may charge and make sure you are happy to proceed.

Why choose a Haven mortgage?

There are many benefits to choosing a Haven mortgage, here are some of them:

  1. You get a dedicated broker to answer your questions, give advice and fill out the paperwork for you
  2. Competitive fixed rate, variable rate, or split rate (variable part and fixed part) mortgages
  3. Get up to €5,000 cashback on select fixed-rate mortgages if you take out your loan before December 31, 2023, conditions apply
  4. Benefit from a 4-year fixed-rate green mortgage if your home has a high energy label B3 or higher.

Frequently Asked Questions About Haven Mortgage Rates

Do I have to pay a mortgage broker (broker) fee?

Yes, many brokers charge a fee. If there is an administration fee to be paid, it must be described in advance and paid when applying for the mortgage.

How much can I borrow from Haven?

  • This depends on several factors, including:
  • Your household income and expenses
  • The size of your deposit
  • Your purchase status, e.g. first time buyer or next-time buyer
  • Your credit history
  • The cost of ownership

Can I keep my Haven Tracker mortgage rate?

You may keep your tracker mortgage if you move, but you will likely pay your current rate plus another 1%.

Your Haven broker can advise you whether this is the best solution for you.