• Applications are open to members of Letterkenny Credit Union; you must live or work within our common bond to become a member.
• Applicants must be 70 years or younger at the end of the mortgage term
• All applicants whose income is identified as the source of repayment have been in permanent employment for a period of greater than 6 months or where self-employed for at least 3 years
• In the case of a Self-Build, the applicants must employ a qualified engineer/architect to oversee the entire building program
• The currency of the applicant’s primary income must be in Euro
• Minimum Loan €40,000
• Maximum Loan €600,000
• Maximum Loan to Value (LTV) 90%
• Minimum Term 5 years
• Maximum Term 35 years
• Professional Valuation on the property is required (Letterkenny Credit Union will pay the valuation fee)
• First Legal Charge in favour of Letterkenny Credit Union on the property required
• Letterkenny Credit Union interest noted on Fire insurance cover on property
• Assigned Mortgage Protection Policy covering the full amount and term of the loan**
• The property must be for residential purposes only and for use as the applicant’s principal private residence
• Property in the Republic of Ireland only
• For a Home in Joint names, the Mortgage must be in Joint names
• Lending Terms and Conditions apply

**Required where full loan protection insurance not available

The Credit Union will consider home loans for the following purposes:

• First-time buyers and non-first-time buyers purchasing a new PPR.
• Applicants seeking to refinance their home loan that is currently provided by another lender.
• Applicants wishing to release equity from their home (for home improvements).
• Top-up loans for home improvements.
• Consolidation of an existing home improvement loan, where there is evidence that the loan was utilised for home improvement, through invoices/receipts.
• For self-build properties stage drawdown loans are available.

Policy exclusions apply.