The Haven Green 4-year Fixed rate mortgage features include:
A lower rate of interest
4-year Fixed rate term
Available to new and existing Haven mortgage customers whose property has a certified Building Energy Rating (BER) of between A1-B3.
Home address of the property being mortgaged
BER Grade – A1, A2, A3, B1, B2 or B3
Carbon Dioxide (CO2) Emissions Indicator Calculation
A valid-until date
You can’t apply for the Haven Green 4-year Fixed rate mortgage if:
You are a self-build mortgage customer still receiving stage payments;
You don’t have a BER certificate with a rating of A1, A2, A3, B1, B2 or B3;
The property’s BER certificate is older than 10 years;
Your existing mortgage loan is a Buy to Let mortgage.
Before the end of your Haven Green 4-year Fixed mortgage term, we will send you a list of rates we offer at that time. You can then choose a new rate.
You can apply for the Haven Green 4-year Fixed rate mortgage again if:
Your property’s BER certificate has a rating of A1, A2, A3, B1, B2 or B3; and
You have a BER certificate dated within 10 years; and
The Haven Green 4-year fixed rate is still available
If you do not select a rate, the default Variable rate at that time will be applied.
You have to take out your mortgage loan between 14 January 2021 and 31 December 2023.
You have to be a First Time Buyer, buying a holiday home, moving to your next home or switching your mortgage loan to us. You can also have this offer if you are moving home, and your negative equity mortgage is with us.
You have to use the mortgage loan to buy a home in Ireland that you intend to live in, or a holiday home in Ireland, or to switch the mortgage loan to us for the home in Ireland that you live in.
At least €250,000 of the new loan must be on a Fixed rate, but not the Haven Green 4-year Fixed rate. You need to apply using the cashback application form before we agree to the offer. You need to set up a direct debit on the current account you use to repay your mortgage. We will use this current account to pay the Haven €5,000 cashback into within two months of you taking out the loan.
The offer does not apply to:
Top-up loans or transfers of title mortgage loan.
Mortgage drawdowns before 14 January 2021 or after 31 December 2023.
A stage drawdown that takes place more than 18 months after the first drawdown.
You can draw down your mortgage in up to six stages, as your home is being built – allowing you to borrow only what you need across the period of the build.
The first stage drawdown of your mortgage must happen between 14 January 2021 and 31 December 2023.
We will pay you the Haven €5,000 Cashback when your stage drawdowns are €250,000 or more, and on a Fixed rate.
All stage drawdowns have to be completed within 18 months of the first drawdown.
The Haven €5,000 Cashback is not available on the Haven Green 4 Year Fixed Rate Mortgage.
For the eligible customers, we will pay the Haven €5,000 Cashback into the current account used for the mortgage repayments within two months of you taking out the loan.
A ‘Switcher’ Mortgage is one where Haven is re-financing or taking over an existing mortgage borrowing from another lending institution, allowing you to switch your mortgage without switching home.
Switch your mortgage to Haven and we’ll pay you €2,000 to cover your costs. If you’re thinking of switching your home mortgage from your current provider, your Mortgage Broker would be delighted to talk to you about a Haven mortgage.
Customers who switch their mortgage to Haven cannot have both the Haven €2,000 Switcher offer and the Haven €5,000 Cashback offer. If customers do not qualify for the Haven €5,000 cashback offer, they will need to complete the relevant application form to apply for the Haven €2,000 Switcher offer. You should contact your Mortgage Broker for more information on this offer.
With a Haven top-up mortgage, you can borrow a minimum of €10,000. The maximum depends on the value of your home, what you can afford to comfortably repay each month, and what you plan to do with the money.
You can choose a term of up to 35 years (or maximum 68 years of age).
It is an additional mortgage to the one you have, so it can have a different interest rate and be paid back over a different time period.
If you are planning home improvements, you should let your home insurance provider know. If you need to move out of your home while the home improvement work is carried out, additional insurance may be required to make sure your home is fully protected.
Haven does not directly offer these products, but your chosen mortgage broker will be able to assist you in meeting all requirements.
A Tracker mortgage ‘tracks’ changes to the ECB (European Central Bank) rate. If the ECB decides to increase or decrease its rate, the rate on the Tracker Mortgage will go up or down by the same percentage.
TIRR (Tracker Interest Rate Retention) will allow you to keep your Tracker interest rate with an additional margin of 1% on your current Tracker mortgage balance, if you want to sell your existing property and purchase a new principal private residence.
TIRR is only available to existing Haven home loan Tracker mortgage customers who are not experiencing difficulties making their existing mortgage repayments.
Please remember that once you switched out of tracker rate you cannot opt for that again.
We will not apply the increase if you are paying a mortgage within an existing Fixed rate term.
Following the European Central Bank’s increases in interest rates since July 2022 and in a rising interest rate environment, we are increasing fixed mortgage interest rates.
Customers who draw down their new mortgage before close of business on 28 July 2023 can avail of the previous rates.
Our Variable rate customers are not impacted by this Fixed rate increase.
Separately, on 29 June 2023 Haven announced a Variable rate increase for all PDH variable rate customers which will be effective on 15 August 2023. Please refer to our website for further details. https://www.havenmortgages.ie/mortgage-centre/mortgage-rates
If you are concerned about your mortgage repayments or if you already missed repayments, you can speak to us by calling 0818 280 280. Alternatively, you can visit: https://www.havenmortgages.ie/worried-about-payments