Find out about mortgages with Wexford Credit Union
Mortgages - Wexford Credit Union Ltd

Are you in search of your own place? Let us CU home! You can access the mortgage checklist, employee status form, etc. in the drop box below. Once you have gathered all the necessary documents, you can make an appointment to meet a mortgage officer.

Thinking about switching your mortgage? Explore our Switcher Mortgages guide with “Six Steps to Mortgage switching with WCU” to understand the process. First time buyers should also inquire about eligibility for the “Help to Buy Scheme”.

If you’re struggling to meet your mortgage repayments please find support documents here.

 

This is an illustration of a typical mortgage. A mortgage of €100,000 at a rate of 3.99% (4.06% APR variable) over 20 years with 240 monthly instalments costs €609.15 per month excluding Insurance. The total amount to be repaid is €146,195.18. The additional monthly cost of a 2% rise in the interest rate of such a Home Loan is €99.

You can use our Mortgage Repayments Calculator to obtain repayment estimates.

You can use our Mortgage Affordability Calculator to obtain maximum affordability estimates.

Download our Switcher Mortgage documents pack:

Download our First-time Buyer Mortgage documents pack:

Download our Self-build Mortgage documents pack:

Lending Criteria

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
  • Self build

4 times gross earned income for First Time Buyers, 3.5 times gross earned income for Non-First Time Buyers - no exceptions

First legal charge

90% of all other members (Non-FTB) – no exceptions

90% First Time Buyers (FTB) – no exceptions

70% all other members (Non-FTB) – no exceptions

80% First Time Buyers (FTB) – no exceptions

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.

A structural report will be required for all properties over 100 years old. Where the member has conducted their own structural report, they must submit a copy of this report to the credit union. Where the member has not conducted their own report the credit union will conduct their own if deemed necessary, but for all properties over 100 years old.

The credit union will ensure that it has a valuation report from a recognised valuer/auctioneer. This will confirm the re-instatement value of the property for the required house insurance.

Payments must be made by direct debit monthly

If you’re struggling to meet your mortgage repayments please find support documents in our Downloads section.

How to apply

How To Apply

Please note: When applying for a mortgage with us, we ask that you speak directly with one of our mortgage team by dialling 053 9123 909 or email homeloans@wexfordcreditunion.ie

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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.

Please note: 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.

Fees: 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.

If you would like more information please contact Wexford Credit Union today.

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