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Mortgages made easy

Comparing mortgages with MoneyHub always leads to happier home-buying.

MoneyHub experts say:

“Fixed rate or variable? Repayment or interest-only? Flexible features? There’s plenty to navigate when deciding on the type of mortgage that’ll suit you best. Be realistic about what you can or cannot afford.”

SummaPerioodHuviMääruses väärtuseniMeie hinnang
LuminorAlates €10,000Kuni 20 aastat2.6 - 4.2%70%Vaata lähemalt
Holm Bank7,000 - 400,000€Kuni 30 aastat3% + Euribor85%Vaata lähemalt
SEBAlates €7,000Kuni 30 aastat3.66% + Euribor80%Vaata lähemalt
SwedbankAlates €20,000Kuni 30 aastat3.7% + Euribor85%Vaata lähemalt
Coop5,000 - 250,000€Kuni 20 aastat3.5% + Euribor85%Vaata lähemalt
Bigbank7,000 - 250,000€Kuni 30 aastat3.5% + Euribor85%Vaata lähemalt
CitadeleAlates €30,000Kuni 10 aastat3.5% + Euribor60%Vaata lähemalt
LHVAlates €30,000Kuni 10 aastat3.5% + Euribor70%Vaata lähemalt

Mortgages FAQs

What does 'loan-to-value' (LTV) mean?

This is the percentage of the property value you’re loaned as a mortgage – in other words, the proportion you’re borrowing.

 

To calculate this, subtract your deposit/equity as a percentage of the property value from 100%. So if you have a €60,000 deposit on a €300,000 home, that’s a 20% deposit. This means you owe 80% – so the LTV is 80%.

Why is LTV important?

Your LTV significantly impacts the interest rate you can get on a mortgage. That’s because mortgage and remortgage rates are priced in the LTV bands – and the bigger deposit/equity you have, the lower the interest rate will be.

Can I get an interest-only mortgage?

Interest-only mortgages still exist, though these days, they are the preserve of higher earners with a large deposit who can provide proof of being able to pay off the entire mortgage balance as a lump sum in the future.

For most borrowers, a capital repayment mortgage is a way to go. With this kind of mortgage, you’ll be repaying both the capital you’ve borrowed and the interest due each month (rather than just the interest, as is the case with interest-only), meaning your debt will be cleared by the time the mortgage term ends.

How long should I fix my mortgage for?

Mortgage deals typically fall into two broad categories: fixes and variables. 

Where you’re looking to ‘fix’ your mortgage, you’ll need to decide how long you’d like to fix it. For example, two, three, five, 10 years? This critical decision could be very costly if you get it wrong.

There are several factors to consider when working out how long to fix, so there is no one-size-fits-all answer.

Should I overpay my mortgage?

Most mortgage deals allow overpayments – typically by up to 10% of the outstanding mortgage balance each year.

Overpaying could mean you save €1,000s, even €10,000s, in interest and reduce how long it takes to pay off your mortgage. Yet while overpaying works out for some, for others, it’s more sensible to save instead.

How are my borrowing needs assessed in Estonia?`

Currently, commercial banks in Estonia must assess a borrower’s maximum borrowing capacity using either the interest rate in the loan contract in question plus two percentage points or an annual rate of 6 percent, whichever is higher.

Beginning 1st April, however, the two additional percentage points will be dropped, and calculations will have to apply either the interest rate in the loan contract or an annual rate of 6 percent, whichever is higher.

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