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The reduced new business rate (with a KBC Current Account) of 2.25% (APRC 2.9%) Fixed is based on a 2 Year <=60% Loan to Value (LTV). At the end of your fixed rate period you will roll off on to a new business LTV variable roll off interest rate determined by Loan to Value at initial drawdown. Information correct as at 1st December 2020.

Lending criteria, terms and conditions apply. The property is mortgaged to secure the loan. Life and home insurance are required. The maximum loan amount will typically not exceed 3.5 times an individual’s gross annual income. The maximum mortgage is 90% of the property value. As a general rule, loan amounts are subject to monthly repayments of a maximum of 50% of disposable income and will vary according to individual circumstances. A typical variable rate PDH (Private Dwelling House) mortgage of €100,000 over 240 months costs €579.96 per month at 3.50% (APRC 3.57%). The total amount repayable is €139,190.33. The LTV (Loan to Value) Variable rate of 3.50% (APRC 3.57%) variable is based on a loan to value of >80%-90%. A 1% rise in interest rate will increase this payment by €52.69 per month. APRC = Annual Percentage Rate of Charge and consists of a variable borrowing rate of 3.50%, valuation fee of €150.00 and security release fee of €38. Information correct as at 1st December 2020. Rates may vary over the term of a mortgage.

A contribution of €1,500 towards your professional fees (legal and valuation costs) is available subject to the following conditions:

A fully completed Private Dwelling House (PDH) application form is submitted to KBC on or before 30th June 2022;

KBC subsequently approve your mortgage application and you draw down the mortgage within the availability period set out in your Letter of Offer; 

You draw down the full amount of the mortgage on either a 3, 5 or 10 year fixed interest rate;
You are a first time buyer or are moving house and it is your principal private residence;
You do not exceed the maximum Loan to Value and/or Loan to Income thresholds required by the Central Bank of Ireland;
The payment of the contribution will be made by electronic transfer within 30 days of the drawdown of the mortgage to the account from which the monthly mortgage repayment is or will be paid;

The contribution is not available
(i) in respect of buy to  let properties,
(ii) where you are switching the mortgage on your existing property to KBC from another lender and/or (iii) where you are availing of our tracker mover product. 

Please Note
Please ensure you review all the mortgage rate options available to you to identify the most appropriate for your personal circumstances. You may also like to get independent advice before deciding to avail of the offer from your solicitor or speak to a financial advisor.In order to receive this contribution you will be fixing the interest rate on your mortgage for a period of either 3, 5 or 10  years (the fixed period).  Before agreeing to fix your interest rate you should be aware of the following:-
 
When you choose a fixed rate, you know exactly how much your monthly mortgage repayment will be during the fixed period.

If your mortgage is redeemed either fully or partially during the fixed period you may be charged a break funding fee.  You should  consider whether a change in your circumstances might occur (such as needing to sell the property or paying off a lump sum from your mortgage) which may result in you incurring this fee.  Details of how this fee is calculated is included in your Letter of Offer. 

During the fixed period you will not be subject to any interest rate increases or decreases (subject to a number of limited exceptions set out in our General Homeloan Conditions).

On the expiry of the fixed period your interest rate will revert to our then current New Business PDH Loan to Value (LTV) Variable Rates.

We reserve the right to amend, modify, cancel, withdraw or change the terms on which this contribution is available at any time at our sole discretion.

The Central Bank Mortgage measures are ceilings set on the amount of money that can be borrowed to buy residential property using:

Loan to Value (LTV) limits
Loan to Income (LTI) limits.

Loan-to-Value limitsThe LTV limit requires you to have a minimum deposit before you can get a mortgage. The size of this deposit depends on what category of buyer you are.

First-time-buyers are required to have a minimum deposit of 10%
Second and subsequent buyers are required to have a minimum deposit of 20%

Loan-to-Income limitsThe LTI limit restricts the amount of money you can borrow to a maximum of 3.5 times your gross income.

So for example, a couple with a combined income of €100,000 can borrow up to a maximum of €350,000.

To avail of the optional extra Mortgage Discounted Rate (KBC’s prevailing new business fixed or variable rate with a discount of 0.20%), you must mandate your salary to your KBC Current Account (In an instance where a customer is self-employed, you must establish a monthly transfer to the Current Account to lodge an amount that is at least equal to the monthly mortgage repayment). You must also pay your new KBC Mortgage by Direct Debit from your KBC Current Account.

If you cease mandating your salary to your KBC Current Account and/or paying your KBC mortgage by Direct Debit from your KBC Current Account, the interest rate on your KBC Mortgage will increase by 0.20% i.e. the discount will no longer apply.

The optional extra mortgage discounted rate is not available to Buy to Let mortgages, Tracker mortgages, mortgage accounts  which have been in arrears within the past 12 months or on the following mortgage arrears resolution options’:
Moratorium, Less than interest only arrangement, Interest Rate Reduction, Split Mortgage.

In the instance where you are availing of the Tracker Mover option, the current account discount will only apply to the new business rate portion of your mortgage.

All other terms and conditions applicable to the KBC Current Account and the KBC Residential Mortgages shall continue to apply to the respective products.

• To apply for this offer drop into a hub or call us on 1800 51 52 53.

25% off only applies in the first year. Offer expires 30th June 2022. If the KBC Home Insurance policy is cancelled before the first 12 months has expired, KBC reserves the right to request the customer to refund the balance of the premium. KBC Home Insurance quotes are valid for 30 days from receipt. KBC Bank Ireland plc has an exclusive agency agreement with Zurich Insurance plc for the provision of Home Insurance. KBC Home Insurance products are underwritten, administered and provided by Zurich Insurance plc. Zurich Insurance plc is regulated by the Central Bank of Ireland. 

The mortgage calculators allow you to calculate repayments or estimate the likely extent of any loan which may be available to you.  The information provided by this calculator is for illustrative and guidance purposes only, is non-binding and is subject to change. It is only applicable for loans in respect of your Private Dwelling House and is not applicable for Buy to Let loans or top ups. 

Please note this is not an offer of a loan and you are required to apply for a mortgage and lending criteria, terms and conditions apply. No quotation or estimate shall be capable of acceptance unless and until it is contained in a formal letter of offer issued by KBC Bank Ireland plc and signed by both KBC Bank Ireland and the customer. All letters of offer will be accompanied by the full terms and conditions which will apply to the facility in question.

Important Information
The property is mortgaged to secure the loan. Life and home insurance are required.
The maximum loan amount will typically not exceed 3.5 times an individual's gross annual income.
The maximum mortgage is 90% of the property value. A property valuation will be required.
As a general rule, loan amounts are subject to monthly repayments of a maximum of 50% of disposable income and will vary according to individual circumstances.
Rates are provided for information purposes only. They do not form part of an advertisement. The rates quoted are effective from 1st December 2020.

WARNING: IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME.
WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED RATE LOAN EARLY.
WARNING:  The cost of your monthly repayments may increase.