2 Year Interest Only Mortgage Feature

Available for Owner Occupier Mortgages. Providing financial flexibility for the first two years of your mortgage journey.

Apply Now
first time buyers couple

Mortgage Specialists

A range of flexible and tax efficient mortgages.

Over 160 Years Experience

We’ve been supporting home-buyers since 1864.

Award Winning

Best Mortgage for public sector sector workers - Public Sector Magazine 2025 Best Mortgage for property Investment 2023 - AIMA

Majority Irish-Owned

Residential mortgage lender in the Irish market.

Key Features & Criteria

  • Available on Owner Occupier Properties.

  • Pay Interest only for the first 2 years, meaning your repayments will be reduced during the first 24 months. 

  • Available on our 5 Year Fixed rate Mortgage Product.

  • Rates from 4.15%.

  • Capital and interest repayments apply for the remaining term. 

  • The total cost of credit when selecting this feature will be higher than a capital and interest mortgage. 

  • Available to First time buyers, Movers, Switcher and Public Sector workers. 

  • Ideal for those seeking breathing room in the early years of their mortgage.

  • Up to 4 applicant per application

  • 20% overpayment on our Fixed rate with no penalty.

  • 5 – 35 Year Loan Term

  • Minimum age of applicants 18 years, maximum age on maturity 80 years

  • Flexible Repayment Options Available

  • Mortgage Breaks - customers can apply for a 3 month break from their mortgage payment up to 3 times through their mortgage term.

  • Fees and Charges

For further information, please contact us at 0818 427 427 or email icsdirect@dilosk.com
Alternatively, please contact one of the listed brokers and they would be delighted to discuss our mortgage products with you.

Warnings

Lending criteria, terms and conditions apply and are subject to change.

WARNING: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it. The payment rates on this housing loan may be adjusted by the lender from time to time.

Warning: If you do not keep up your repayments you may lose your home.

WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit, a hire purchase agreement, a consumer-hire agreement or a BNLP agreement in the future.

WARNINGS: You may have to pay charges if you pay off a fixed rate loan early.

Warning: The cost of your monthly repayments may increase.

Warning: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.

WARNING: The entire amount that you have borrowed will still be outstanding at the end of the Interest Only Period.

COST OF CREDIT: AN INDICATIVE COST OF CREDIT INCLUDING THE INTEREST-ONLY FEATURE IS €231,409, COMPARED TO €223,547 FOR A CAPITAL AND INTERST MORTGAGE OF €250,000 OVER A 30-YEAR TERM ON A FIXED RATE OF 4.25% MOVING TO A VARIABLE RATE OF 4.99%.

Mortgage Online Calculator

Our easy to use online calculator will tell you how much you can borrow, and how much your monthly repayments will be.

Go to Calculator
women calculating mortgage

Ready to apply? Start your application today

Call us on 0818 427 427 or email icsmortgagesdirect@icsmortgages.com

Apply Now

Alternatively you can view our list of brokers here

Rates From

4.15%

Check your Eligibility

Would you like to learn more about our Mortgage products? Get in contact today and one of our Qualified & Experienced Lending Managers will get right back to you.

public sector mortgages workers

Public Sector Workers

Best Mortgage for Public Sector Employees 2025 from public sector magazine. We can take your basic pay as 3 points up the salary scale and take 100% of allowances and overtime for the previous year.

Download the guide

Streamlined Process

Our qualified mortgage professionals will work with you to ensure your loan is processed as smoothly and as efficiently as possible.

Enquiry

Application & Assesment

Approval

Drawdown

Call us on 0818 427 427 or contact your local mortgage broker

A Guide to your Home Buying Journey

Download our Guide to Getting your First Mortgage.

Download

Alternatively you can view our list of brokers here. View Brokers

couple searching first time buyers guide

Rates

Loan-to-Value5 year fixed
<60%Rate - 4.15% APRC - 4.27%
<70%Rate - 4.20% APRC - 4.30%
<80%Rate - 4.30% APRC - 4.35%
<90%Rate - 4.30% APRC - 4.35%

Common Questions

First time buyers, we know that getting a first-time mortgage is a bit daunting so we’ve gone ahead and answered some questions you might have.

More FAQs

Useful Information

Flexible Options

Find out more about how we can help you with your repayment difficulties.

Learn More

Mortgage Top-Ups

Topping Up your Mortgage is a very straightforward process.

Find Out More

Rates

A competitive range of fixed and variable rates to our customers.

Learn More

Customer Service

We assist and support you throughout your mortgage term.

Learn More

Important Information

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 4 times an individual’s gross annual income for a first time buyer and 3.5 for a second or subsequent buyer. The maximum mortgage is 90% of the property value. Over 18s only.

Dilosk DAC trading as Dilosk and ICS Mortgages is regulated by the Central Bank of Ireland. For more information contact ICS Mortgages, phone: 0818 427 427, email: icsdirect@dilosk.com or contact your local Mortgage Broker. We’d be delighted to do business with you.

Lending criteria, terms and conditions apply and are subject to change.