Flex Mortgage
The variable rate mortgage with a difference.
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Choose a variable rate starting from 3.65% (Benchmark rate of 2.75% plus a 0.90% margin). 3.74% APRC** .
Your rate is based on the 12-month Euribor market rate and will be reset each year - this means it could go up or down.
The freedom to overpay your mortgage at any time or move to another product with no charge. However, if you move off your Flex Mortgage, you may not be able to return to the Flex Mortgage or rate again.
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Flex Mortgage: Features and Benefits
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Lower monthly repayments
Flex Mortgage offers a variable rate mortgage starting from 3.65% (3.74% APRC**) (Benchmark rate of 2.75% plus a 0.90% margin).Flexibility to overpay
With the Flex Mortgage you can overpay your mortgage as much as you want, with no charge.Freedom to choose
You can choose another mortgage product at any time, with no charge. However, if you move off your Flex Mortgage, you may not be able to return to the Flex Mortgage or rate again.Transparent rates
Enjoy the peace of mind, knowing your rate is set originally and reset each year based on 12-month Euribor market rates - this means it could go up or down.
Flex Mortgage variable rates
The Flex Mortgage rate has two elements; a benchmark rate and a margin.
The benchmark:
The benchmark is based on an external reference rate, the 12-month Euribor and is adjusted each year.
Learn more about the 12-month Euribor rates
The margin
This will remain the same for the life of your mortgage.
Flex Mortgage Rates from 10th May 2026 to 9th June 2026
| 10th May 2026 - 9th June 2026 | |||||
| LTV (loan to value)* | Benchmark Rate | Margin | Flex Mortgage Rate | APRC** | Cost per €1000*** |
|---|---|---|---|---|---|
| less than or equal to eighty percent | 2.75% | 0.90% | 3.65% | 3.74% | € 5.88 |
| greater than eighty percent | 2.75% | 1.10% | 3.85% | 3.94% | € 5.98 |
***Illustrative cost per month for each €1,000 borrowed based on a 20-year term
The Benchmark Rate is subject to change, and we update it on the 10th of each month. The rate that will apply to your Flex Mortgage at drawdown will be Avant Money’s published Benchmark Rate as at that date plus the margin as confirmed in your loan offer.
Understanding the 12-month Euribor
The 12-month Euribor rate is a rate that European banks use to lend to each other on the interbank market and is updated every day. The benchmark rate element of the Flex Mortgage is set against the monthly average of the 12-month Euribor. This monthly average is published by the European Central Bank (ECB) on its website.
Learn more about the 12-month Euribor rates
Frequently Asked Questions
*The Loan-to-Value ratio (LTV) is the amount you want to borrow as a percentage of the value of your home.
**APRC is the Annual Percentage Rate of Charge. This rate allows you to easily compare mortgages from different lenders. It takes into account all the costs involved over the term of the mortgage, such as set-up charges and the interest rate. Generally, the lower the APRC, the lower your monthly repayments and cost over the full term of your mortgage. Flex Mortgage APRC of 3.74% is based on a €100,000 mortgage over 20 years with a Loan to Value (LTV) of <=80%
***Illustrative cost per month for each €1,000 borrowed based on a 20-year term.
Important Information
Lending criteria and terms and conditions apply. The monthly repayment on a 20-year mortgage with Loan to Value (LTV) greater than 80% with variable borrowing rate of 3.95% on a mortgage of €100,000 is €603.35 for 240 months. Total amount repayable is €145,028.74. If interest rates increase by 1% an additional €53.85 would be payable per month. For this example, Annual Percentage Rate of Charge (APRC) of 4.0% applies and consists of variable borrowing rate of 3.95%, valuation fee of €185, and security release fee of €40. LTV is the amount borrowed as percentage of the value of your home. Information correct at 10th May 2026 and subject to change. You mortgage your home to secure the loan. Maximum loan is generally 3.5 times gross annual income (4.0 for first time buyers) and 90% of the property value (80% for switchers). The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home. Applications from residents of ROI over the age of 18 only, and subject to repayment capacity, financial status and property valuation. We require property and life insurance.