Indicative examples at time of publishing

Mortgage Rates
Northern Ireland

Q: What is the average mortgage rate in Northern Ireland right now?

Average mortgage rates in Northern Ireland range from around 4% for those with large deposits (75% LTV) to around 5.5% for those with 5-10% deposits. Actual rates depend on your individual circumstances, credit history, and the type of mortgage.

Q: Are mortgage rates in Northern Ireland different from the rest of the UK?

Mortgage rates are generally consistent across the UK, as most lenders operate nationally. However, some NI-specific factors like property types and local market conditions can affect individual applications. Property valuations may also vary based on local market knowledge.

Q: Should I fix my mortgage rate now?

This depends on your circumstances and view on future rates. Fixed rates offer certainty and protection if rates rise, while trackers may benefit you if rates fall. Consider how long you plan to stay in the property and your need for payment certainty. We can discuss your options in a consultation.

Q: How often do mortgage rates change?

Lenders can change rates at any time. Fixed rate pricing typically adjusts based on swap rates and market conditions, while tracker rates move directly with the Bank of England base rate. We monitor the market daily and update this page monthly.

Q: Can I get a better rate than advertised?

Yes, mortgage brokers sometimes have access to exclusive rates not available directly. We also know which lenders are most competitive for different circumstances. CGR Financial searches the whole market to find rates you may not find yourself.

Compare the best mortgage rates available in Northern Ireland. We update this page monthly to help you find the right deal.

Get Your Quote 028 90 029 029

2-Year Fixed from

3.8%

60% LTV

5-Year Fixed from

3.7%

60% LTV

Tracker from

Base +0.5%

75% LTV

Buy-to-Let from

4.6%

65% LTV

Fixed Rate Mortgages

Residential rates by LTV

Term	90% LTV	85% LTV	75% LTV	60% LTV
2-Year Fixed	4.8% - 5.4%	4.4% - 5.0%	4.0% - 4.6%	3.8% - 4.3%
5-Year Fixed	4.6% - 5.2%	4.2% - 4.8%	3.9% - 4.5%	3.7% - 4.2%
10-Year Fixed	5.0% - 5.6%	4.6% - 5.2%	4.3% - 4.9%	4.1% - 4.6%

Variable Rate Mortgages

Tracker and discounted rates

Type	90% LTV	75% LTV
Tracker (Base +)	Base + 0.8% - 1.2%	Base + 0.5% - 0.9%
Discounted Variable	4.5% - 5.5%	4.0% - 5.0%

Buy-to-Let Rates

Investment property mortgages

Term	75% LTV	65% LTV
2-Year Fixed	5.0% - 5.8%	4.6% - 5.3%
5-Year Fixed	5.2% - 6.0%	4.8% - 5.5%

Please note: Rates shown are indicative examples at the time of publishing. Your actual rate will depend on your individual circumstances including credit history, income, and property details. Contact us for a personalised quote.

Get Your Personalised Rate

These are indicative rates. Contact us to find out exactly what rate you could achieve.

Get a Quote Call 028 90 029 029

Jordan Willis

Mortgage & Protection Advisor

"I'll help you navigate the rates and find the best deal for your circumstances. Get in touch for a no-obligation consultation."

Why Rates Vary

1
Deposit size affects LTV and risk
2
Credit history impacts lender choice
3
Employment type (PAYE vs self-employed)
4
Property type can restrict options

Mortgage Services

Deposit Guide

Rates by Deposit Size

Your deposit size significantly impacts the rate you'll be offered

5% Deposit

95% LTV

5.2% - 6.2%

Higher rates due to increased lender risk. Fewer options but ideal for first-time buyers wanting to get on the ladder quickly.

10% Deposit

90% LTV

4.6% - 5.4%

Sweet spot for many first-time buyers. Good rate improvement with wide lender choice and achievable savings target.

25%

25% Deposit

75% LTV or lower

3.8% - 4.6%

Best rates available with maximum lender choice. Typical for remortgagers and buy-to-let investors.

Comparison Guide

Fixed vs Variable: Which Is Right?

Understanding the difference helps you make the right choice

2yr

2-Year Fixed

Lock in for 2 years with predictable payments.

Lower rates than 5-year
Flexibility to remortgage sooner

5yr

5-Year Fixed

Security for 5 years with no rate changes.

Long-term rate protection
Avoid fees for 5 years

Tracker

Rate tracks the Bank of England base rate.

Benefit if rates fall
Often no ERCs

SVR - Avoid!

Average: 7.5% - 8.5%

Don't let your mortgage roll onto SVR. Contact us 3-6 months before your deal ends.

Market Update

March 2026 Outlook

The Northern Ireland mortgage market remains competitive with lenders actively seeking new business. Fixed rates have stabilised following recent market movements, making it a reasonable time to lock in a rate if you're looking for certainty.

First-time buyer activity remains strong, with the relative affordability of Northern Ireland property compared to the rest of the UK continuing to attract buyers. Buy-to-let lending has increased as investors seek rental yields that often exceed those available in other UK regions.

Mortgage Rate FAQs

What is the average mortgage rate in Northern Ireland right now?

Are mortgage rates in Northern Ireland different from the rest of the UK?

Should I fix my mortgage rate now?

How often do mortgage rates change?

Can I get a better rate than advertised?

Find Out What Rate You Could Get

Contact us for a personalised quote based on your circumstances. We offer a wide range of products from across the market to find rates you won't find elsewhere.