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Make Certain.

Get One Mortgage.

The only mortgage where your repayment will never change, with added flexibility if things do.†

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One Mortgage

With the One Mortgage your interest rate stays the same, so your repayment never changes.

 

 

How much will it cost?

See how much your monthly repayments would be and how much you could save if you’re switching to us.

 

How much can I borrow?

See how much you could borrow based on your income and outgoings.

 

Get approval

Take your first step with Avant Money and get approval in principle in less than ten minutes.

What is one mortgage

What is One Mortgage?

Interest rates can go up and down over the years. Avant Money’s One Mortgage offers you complete peace of mind, protecting you against the possibility that interest rates might rise.

With the One Mortgage your interest rate stays the same, so your repayment never changes.

With an Avant Money One Mortgage, think certainty WITH flexibility.

How is one mortgage different

How is One Mortgage different to other types of fixed rate mortgages?

 

With the One Mortgage, your interest rate stays the same for the full term of your mortgage.  So, whether you take your mortgage over a term of 5 years or 30 years, if you choose the One Mortgage from Avant Money, you pay the same amount in the first month as you do in the last month (unless you avail of some of our flexible features below).

 

Shorter-term fixed-rate options are designed to provide a fixed rate for a set period (between 1 year and 10 years).  At the end of each fixed-rate period, you can usually choose a new fixed rate for a further term or remain on a variable rate, depending on what’s available at that time and what you decide to do.  In summary, this means that different interest rates will apply to your mortgage during its lifetime.

You can find the One Mortgage interest rates below, with shorter fixed-term rates available here.

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How is one mortgage different

Other great features of the Avant Money One Mortgage

Why choose One Mortgage

Certainty from an interest rate fixed for the full term

You can be sure that your monthly repayment won’t change over the life of the mortgage. If interest rates rise, your repayments will be unaffected.

One Mortgage rates are slightly more expensive than shorter term Avant Money fixed rate deals now available. So, if interest rates never rise during the term of your mortgage, you could pay more with the One Mortgage.

Flexibility with 10% overpayment allowance

You can overpay 10% of the balance each year, a benefit which could save you thousands of euro in interest payments.

Savings for example for repayment on One Mortgage. Customer takes a mortgage of €400,000 over 20 years, Interest rate is 4.3% and monthly repayment €2,488. 

Customer makes a €35,000 overpayment at the start of year four and could choose to reduce their monthly repayment to €2,245 and continue to repay over the original 20-year term, saving €14,300. Or they could continue with same monthly instalment, reducing the term of the loan by 27 months and saving €34,000.

Fairness means a maximum 2% early redemption fee

If you pay off your mortgage early, you can be sure that the maximum early redemption fee won’t be any more than 2% of your remaining mortgage balance.

You could be liable to pay a redemption fee if you repay your mortgage in full, switch to new lender or product, or overpay more than 10% of the outstanding balance in any year.

This capped early redemption fee of 2% applies during the first 10 years of your mortgage. After that it reduces further, so you won't pay more than 1.5% of your remaining balance.

Early redemption fee can be waived or refunded for home movers

If you decide to move home, you may be eligible for a waiver or refund of your early redemption fee. This benefit is not usually available with fixed rate mortgages in Ireland (source: other lenders websites).

To qualify, you must take out a new mortgage with Avant Money for at least the same amount, term, and within 12 months of redeeming your original mortgage. Subject to credit approval on the new mortgage.

Rate Lock

With the One Mortgage, we’ll guarantee you the interest rate detailed in your Loan Letter of Offer for 3 months, even if we increase our rates in the meantime (subject to certain criteria and restrictions†††).

If you are issued a Letter of Offer for the One Mortgage from 8 December 2022 to 30 June 2023, you will have 3 months from the date of the Letter of Offer to draw down the mortgage at the rate detailed in your offer. The final date for receipt of applications is 31 March 2023. Mortgages not drawn down within that 3-month window will be subject to the prevailing rate at that date.

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One Mortgage

One Mortgage Fixed Rates Dec 22

One Mortgage fixed rates

Your rate is based on the term of your mortgage and loan to value. Our specially selected mortgage brokers will be delighted to help determine if this product is right to you.

MORTGAGE TERM
TERM
*LOAN TO VALUE(LTV)
**LTV
INTEREST RATE
INT RATE
**APRC
**APRC
***Cost Per €1000
****C/P €1,000
UP TO 15 YEARS
<=60%
4.30%
4.42%
€7.55
>60% - 70%
4.35%
4.46%
€7.57
>70% - 80%
4.40%
4.52%
€7.60
>80% - 90%
4.45%
4.57%
€7.62
UP TO 20 YEARS
<=60%
4.30%
4.41%
€6.22
>60% - 70%
4.35%
4.46%
€6.25
>70% - 80%
4.40%
4.51%
€6.27
>80% - 90%
4.45%
4.57%
€6.30
UP TO 25 YEARS
<=60%
4.30%
4.41%
€5.45
>60% - 70%
4.35%
4.46%
€5.47
>70% - 80%
4.40%
4.51%
€5.50
>80% - 90%
4.45%
4.56%
€5.53
UP TO 30 YEARS
<=60%
4.30%
4.40%
€4.95
>60% - 70%
4.35%
4.46%
€4.98
>70% - 80%
4.40%
4.51%
€5.01
>80% - 90%
4.45%
4.56%
€5.04


Rates are correct as at 8th December 2022 and are subject to change.
* The Loan-to-Value ratio 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 considers all the costs involved over the term of the mortgage such as set-up charges and the interest rate. The lower the APRC, the lower your monthly repayments and cost over the full term of your mortgage. APRC figures are based on a €100,000 loan over the maximum term for each rate (i.e. 15, 20, 25 or 30 years depending on the mortgage term) and assume a valuation fee of €185 and security release fee of €40.
*** Illustrative monthly cost per €1,000 borrowed based on the maximum term for each rate (i.e. 15, 20, 25 or 30 years depending on the mortgage term).

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One Mortage Terms and Conditions

Terms and Conditions

One Mortgage unique/only claim based on comparison against competitor mortgage products as advertised on their websites 1st December 2022. One Mortgage is designed to give a fixed rate for the full mortgage term (between 5 and 30 years), whereas competitor fixed rate mortgage products are designed to provide a fixed rate for a set number of years (between 1 and 10), following which they revert to a managed variable rateor a new fixed rate.

†† 10% overpayment allowance is based on the balance at the start of each year.

††† Customers who are issued with a Letter of Offer for a One Mortgage from December 8th 2022 to 30th June 2023 will be allowed 3 months from the date of the Letter of Offer to drawdown at the rate detailed in their Offer.  If customers do not drawdown within that 3-month window, they will be subject to the prevailing rate at the date they drawdown.

If you receive a Loan Offer letter and make a change to your lending requirements, we may need to reassess your application and issue a new Letter of Offer. This would include a change of property or changes in your Loan to Value (LTV), loan amount or interest rate. In this scenario, you may not be able to avail of the rate quoted in your original Loan Offer letter.

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 3.30% on a mortgage of €100,000 is €569.74 for 240 months. Total amount repayable is €136,961.48. If interest rates increase by 1% an additional €52.17 would be payable per month. For this example, Annual Percentage Rate of Charge (APRC) of 3.40% applies and consists of variable borrowing rate of 3.30%, 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 1 December 2022 and subject to change. You mortgage your home to secure the loan. Maximum loan is generally 3.5 times gross annual income and 80% of the property value (90% of the property value for first-time buyers). 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.

warning box 1 - shared component -one mortgage/fix term rates

Warning: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.

warning box 2 - shared component -one mortgage/fix term rates

Warning: If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.

warning box 3 - shared component -one mortgage/fix term rates

The following applies in the case of fixed rate loans:
Warning: You may have to pay charges if you pay-off a fixed rate loan early.

warning box 4 - shared component -one mortgage/fix term rates

Warning: If you do not keep up your repayments you may lose your home.