BANTRY Credit Union is now offering mortgages.
This is good news for anyone looking for a new mortgage or considering switching from their current mortgage provider – whether they’re already members of Bantry Credit Union or not.
As Peadar Noonan, Lending & Business Development Manager at Bantry Credit Union points out, one of the first things it brings to somewhere like Bantry is … choice.
Peadar Noonan, Lending & Business Development Manager, Bantry Credit Union.“In towns such as Bantry, there has been only the one option locally for a mortgage,” says Peadar.
“For a number of years leading up to this, we always had people coming in to our offices and asking us if we can provide mortgages so there has always been that need there.”
In addition to offering a new option to mortgage customers in the Bantry area, BCU’s mortgage service offers the same unique personal touch that credit unions are famous for.
“It’s open to members and to non-members,” adds Peadar.
“And it is the personal touch that makes the difference. I’ve come from a background of commercial banking where mortgage applications were going online and where you weren’t talking to somebody anymore. Whereas, when people apply for a mortgage with Bantry Credit Union, they come in and they talk to me. They’re talking to a person who will help them and hold their hand throughout the full process.”
Peadar said that this is especially helpful for first-time buyers.
“The whole process of applying for a mortgage can be very daunting for people the first time they do it”, Peadar said.
“We have made the process as straightforward as possible. We believe that getting a mortgage should feel exciting, not overwhelming. So we will be with the person every step of the way, from initial chat through to drawing down their mortgage.”
BCU mortgages offer a competitive variable rate of 3.85% (APR 3.92%), which is capped at 4.4% for 3 years.
This means that even in the event of an unexpected variable rate rise over the next 3 years, the variable rate is guaranteed not to go above 4.4%, but it can come down.
BCU is one of a network of credit unions nationwide who are offering this new standard mortgage product under the “Credit Union Mortgages” brand.
So this new product combines the benefits of a national standardised offering with all the much-loved features of a credit union loan.
Bantry CREDIT UNION Always here for you!
Phone: 083 3890227
Email: [email protected] | Website: www.bantrycu.ie