Credit union offers capped variable interest mortgages

Ballincollig Credit Union is one of the first credit unions in the country to offer members the new credit union mortgage developed by CU Mortgage Services, which provides a capped variable-rate mortgage for increased certainty and security.

A new mortgage offering from a Cork credit union with a capped variable interest rate has been described as a 'gamechanger' for homebuyers.

 Ballincollig Credit Union is one of the first credit unions in the country to offer members the new credit union mortgage developed by CU Mortgage Services, which provides a capped variable-rate mortgage for increased certainty and security. The mortgage offer a variable rate of 3.85%, the interest rate payable will be capped at 4.4% for the first three years of the mortgage.