Owner Occupier mortgage customers may be eligible to move to a lower Loan to Value (LTV) interest rate where the LTV changes sufficiently throughout the mortgage.


Important information to consider before opting to move to a lower LTV Rate.


Before you can move to a lower LTV band, you may need to provide us with an up to date valuation report. There are a couple of points you should be aware of:

  • you are responsible for arranging the valuation report and for the cost.
  • the valuation report must be dated within the past 6 months.
  • the valuation report must be completed by an approved valuer from the Haven Residential Mortgage Valuer's Panel.


Please note that while COVID19 restrictions are in place, and property access is not permitted, we will accept a “drive by” valuation from the bank’s panel of valuers so we can process your LTV rate change requests.


You won’t need to provide a valuation report in the following circumstances

  • If you choose an LTV interest rate based on an LTV band that has previously been applied to your mortgage loan or;
  • If you choose a >80% LTV band


LTV interest rates are not available at the drawdown of a new top up loan although Haven reserves the right to review and/or amend this eligibility criteria from time to time.


To confirm if you are eligible to move to a lower LTV rate or if a valuation report is required please contact your mortgage intermediary or our Customer Service Team on 0818 565 500.


Prior to ordering a valuation report Haven recommends that you check the Property Price Register and or DAFT to help you understand what similar houses in your area have been sold for recently.


How to calculate your Loan to Value: Divide your total outstanding mortgage loan balance by the value of your property e.g. (€280,000 ÷ €350,000) x 100 = 80% LTV. Your mortgage loan balance should take into consideration any top up loans or arrears that you may have.


If you wish to apply for an LTV rate you will need to complete the Home Loan Interest Rate application form and send it to Haven’s registered office at 10 Molesworth Street, Dublin 2, D02 R126.