Frontier Statistics: Non-Bank Mortgage Interest Rates - June 2026
Background
Non-bank financial institutions hold an increasing share of outstanding mortgage balances in Ireland, rising to 15 per cent as of end-June 2026, up from 7 per cent 10 years ago (Central Bank Mortgage Arrears data). This release aims to fill existing data gaps on weighted average interest rates of mortgages held by non-banks, with a focus on Principal Dwelling Homes (PDH) and is broken down by interest rate fixation type, borrowers’ residence and non-bank entity type. The latter breakdown distinguishes between lending non-banks, which are institutions that originate mortgages lending, and non-lending non-banks, which hold residential mortgage loans, but do not originate mortgages themselves (i.e. they hold or service loans that were purchased from originating institutions).
This Frontier Statistics series uses data from the Central Credit Register (CCR), replacing the discontinued non-bank survey published quarterly as an addendum of the Retail Interest Rate releases. It complements interest rate and non-bank statistics published by the Bank, such as Mortgage Interest Rate Distributions, which looks into the distribution of interest rates at the contract level for both bank and non-bank PDH mortgages, and Total Domestic Credit.
Key Observations
- The weighted average interest rate on outstanding PDH mortgages held by non-banks was 3.58 per cent as of end-June 2026, while the corresponding rate on Buy-to-Let (BTL) mortgages was 3.32 per cent.
- The weighted average interest rate on fixed rate PDH mortgages was 2.90 per cent, while for tracker and variable rate mortgages were 3.33 per cent and 4.73 per cent, respectively.
- The weighted average interest rate on outstanding PDH mortgages charged by lending non-banks was 3.70 per cent, while non-lending non-banks charged 3.51 per cent.
- Lending non-banks held 40 per cent of the total PDH outstanding amount held by non-banks, while non-lending non-banks held 60 per cent.
This Frontier Statistics release page is updated with new data periodically. This page was last updated on 23 September 2026 with data from Q2 2026. Historical data can be accessed in the data file at the end of this page.
Summary table of non-bank mortgages
Interest rate statistics table showing interest rate types, volumes, rates, and account numbers grouped by contract type.
Use arrow keys to navigate between cells.
Overview - Outstanding mortgages
The weighted average interest rates on outstanding PDH mortgages held by non-banks was 3.58 per cent as of end-June 2026, 7 basis points lower compared to the same period last year. The interest rate on PDH mortgages was 26 basis points higher than the weighted average interest rate on BTL mortgages, which stood at 3.32 per cent at the end of June 2026 (Chart 1).
Key Indicator - Average interest rate of PDH mortgages
held by non-banks
Entity type breakdown of PDH mortgages
As of end-June 2026, the weighted average interest rate on PDH mortgages held by lending non-banks was 3.70 per cent, 18 basis points higher compared to the same period last year. The weighted interest rate on PDH mortgages held by non-lending non-banks was 3.51 per cent, 22 basis points lower compared to the same period last year (Chart 2).
As of end-June 2026, 60 per cent of the volume of outstanding non-bank PDH mortgage lending was held by non-lending non-banks and 40 per cent by lending non-banks (Chart 3). The share of outstanding PDH amounts accounted for by non-lending non-banks has decreased by 1 basis point compared to the same period last and remains in line with the 4-year average share.
Non-lending non-banks are particularly concentrated in Donegal, where they held roughly 74 per cent of total non-bank PDH mortgages. County Cork and Sligo are the only two counties where lending non-banks dominate, even though only marginally, with lending non-banks holding 52 and 51 per cent of non-bank PDH mortgages in these counties, respectively.
Interest rate type breakdown of PDH mortgages
The average interest rate on fixed
rate mortgages held by non-banks stood at 2.90 per cent, 21 basis points higher
compared to the same period last year. For variable rate mortgages, the average
rate stood at 4.73 per cent, 23 basis points lower compared to the same period
last year. For tracker mortgages, the average rate stood at 3.33 per cent, 2
basis points lower compared to end-June 2025 (Chart 4).
As of end of June 2026, 41 per cent of PDH mortgage outstanding amounts held by non-banks had a fixed rate, 28 per cent had a tracker rate and 31 per cent had a variable rate. In the same period last year, the shares were 36, 31 and 33 per cent respectively (Chart 5). The increase in share of fixed rate mortgages and the decline of tracker rate mortgages reflect partially the legacy status of tracker rate mortgages, which have on average lower residual maturities (Chart 6).
Average outstanding balances of PDH mortgages held by non-banks
As of end-June 2026, the average
outstanding balance of non-bank held PDH mortgages stood at approximately
€166,000. County Dublin had the highest average outstanding balance, standing
at roughly €209,000. County Wicklow and County Kildare had the second and third
highest average outstanding balance, at €199,000 and €184,000 respectively (Map
1).
Key Indicator - Average outstanding balance of PDH mortgages held by non-banks
Background
The Non-Bank Mortgage Lending Frontier Statistics publication presents data on the total amounts of mortgage loans to Irish residents held by non-banks and the average interest rates charged, broken down by borrowers’ residence, by the type of entity that holds the loans and by interest rate type. This data is published for the first time as a Frontier Statistics release, indicating that the methods and data within are subject to revision. This data will be updated on a quarterly basis. You can learn more about the Frontier Statistics project on the What Are Frontier Statistics webpage.
This publication provides additional context to the Irish mortgage landscape alongside the Central Bank of Ireland Official Retail Interest Rates and Mortgage Arrears Statistics. Notable differences between these publications may be explained in the Coverage and Scope section.
Non-Bank Mortgage Lending figures are compiled using data from the Central Credit Register (CCR), a database containing records of loans and loan applications of over €500 borrowed by Irish residents or governed by Irish law. The CCR is established by the Central Bank of Ireland under the Credit Reporting Act 2013 as amended. As such, lenders are required to submit information on loans to the CCR.
Coverage and Scope
The lenders included in this publication, and defined in the CCR, are non-banks—non-regulated Irish-resident companies which are lenders or holders of mortgage loans. Data for all entity types in this publication comes from the CCR.
The population of mortgages reported in the CCR includes mortgages that do not fall within the reporting perimeter of the Mortgage Arrears Statistics and the discontinued Non-Bank Survey. As a result, there can be differences between the aggregate figures in the Non-Bank Mortgage Lending Frontier Statistics publication and Central Bank of Ireland Official Statistics
Data Checks and Revisions
As part of the Frontier Statistics series, the Non-Bank Mortgage Lending Frontier Statistics publication will undergo continuous revisions each quarter, and the data and methodology are subject to change. CCR data are subject to change, and therefore analysis will be repeated each quarter to ensure the timeliest data is included.
Data quality checks have been carried out by comparing the data underlying the Non-Bank Mortgage Lending Frontier Statistics publication with Central Bank of Ireland Official Statistics data sets, most notably the Mortgage Arrears Statistics, and the results of the Non-Bank Survey, previously published as a quarterly addendum to the Retail Interest Rate release and now discontinued.
Definitions
Borrower: In this publication, borrowers are defined as the debtors on mortgage loans held by non-banks.
Central Credit Register (CCR): A database of loans of €500 or more borrowed by a person living in the Irish State at the time of applying for the loan, or borrowed via a loan agreement/application which is governed by Irish law. The CCR was set up in 2013 by the Central Bank of Ireland under the Credit Reporting Act 2013 (as amended). Lenders submit information on existing loans and loan applications to the CCR.
Non-bank: Lenders or holders of mortgage loans which are not banks, credit unions, or government-sponsored entities. This category includes retail credit firms and credit servicing firms.
Lending non-bank: Lending non-banks are the subset of non-banks which originate PDH mortgage lending.
Non-lending non-bank: Non-lending non-banks are the subset of non-banks which hold PDH mortgage loans, but do not originate lending themselves.
PDH Loans: Principal-Dwelling Home loans.
BTL Loans: Buy-To-Let loans.
Fixed Rate Loans: Those which are fixed/determined for a specified period of time.
Variable Rate Loans: Those which the institution can change at any time and are not explicitly anchored to the ECB main refinancing rate, or any other policy rate.
Tracker Rate Loans: Those explicitly anchored to the ECB main refinancing rate, or any other policy rate set by the relevant authority.
Data
The files below contain the data within the charts above, including historical data.
Non-Bank Mortgage Interest Rates Tables - Q2 2026 | xlsx 32 KB
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