2 Year Interest Only Mortgage Feature
Available for Owner Occupier Mortgages on a 5 year fixed interest rate. This feature allows an initial interest-only period, followed by capital and interest repayments.
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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 2026 Best Mortgage for property Investment 2023 - AIMA
Majority Irish-Owned
Residential mortgage lender in the Irish market.
Features & Criteria
Features
Rates from 4.90%.
For 2 years, you will only pay the interest on your loan. This means that the repayments will be lower than regular repayments (paying both the loan and interest) for this period.
After the initial two years, you will begin regular repayments (paying both the loan repayments and interest) for the remaining 3 years of your fixed rate period. This means that your monthly repayments will increase after the initial two year period.*
The total cost of credit** when selecting this feature will be higher than a capital and interest mortgage.
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.
*You can mitigate this by reviewing your financial situation before you move from the interest only period to the normal repayments to ensure you are prepared for the increase in repayment.
You may also consider over payments on your mortgage if you an afford to do so.
This can reduce the total amount you owe and reduce future repayments. You will find more details in the next section.
**Cost of credit is total amount you will pay for the mortgage, including interest, and fees on top of the amount you borrowed.
Criteria
Available only on a 5 year fixed interest rate.
Available on our 5 Year Fixed rate Mortgage Product.
Available to First time buyers, Movers, Switcher and Public Sector workers.
5 – 35 Year Loan Term
Minimum age of applicants 18 years
Maximum age on maturity 80 years
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 total cost of credit will be €197,528 including the interest only feature, compared to €191,072 for a capital and interest mortgage for a loan amount of €250,000 over a 30-year term on a fixed rate of 4.40% moving to a variable rate of 4.10%.
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.
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Ready to apply? Start your application today
Call us on 0818 427 427 or email icsmortgagesdirect@icsmortgages.com
Alternatively you can view our list of brokers here
Rates From
4.90%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.
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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.
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
A Guide to your Home Buying Journey
Download our Guide to Getting your First Mortgage.
Alternatively you can view our list of brokers here. View Brokers
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Rates
| Loan-to-Value | 5 year fixed |
|---|---|
| <60% | Rate - 4.90% APRC - 4.53% |
| <70% | Rate - 4.90% APRC - 4.53% |
| <80% | Rate - 4.95% APRC - 4.55% |
| <90% | Rate - 4.95% APRC - 4.55% |
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 FAQsUseful Information
Flexible Options
Find out more about how we can help you with your repayment difficulties.
Mortgage Top-Ups
Topping Up your Mortgage is a very straightforward process.
Rates
A competitive range of fixed and variable rates to our customers.
Customer Service
We assist and support you throughout your mortgage term.
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.