Published Monday, 07 June 2010
The 23-year-old - who won last year's Irish Open as an amateur - will now play his first major next month.
Only one under par at the turn, he started for home with six successive birdies.
Lowry then pitched to 18 inches on the 425-yard 17th and, with a closing par, matched Faldo's round during the 1986 European Open, the joint lowest score of his European Tour career.
"I've been struggling on the greens and confidence was a bit low, so I changed my putter this morning," commented Lowry. "After nine holes I said to my caddie I'm going to have to be patient and then a nice 20-footer at 10 kicked me off."
He also had a 62 during his victory at County Louth 13 months ago.
Ryder Cup captain Colin Montgomerie also produced a remarkable course record-equalling 62 on Sunningdale New to earn himself a place in next month's Open at St Andrews - the course where he finished runner-up to Tiger Woods five years ago.
Needing a second round 65 just to be in a play-off at the 36-hole qualifying event, the 46-year-old, now ranked 365th in the world, went three better than that and finished joint second with fellow Scot Andrew Coltart on nine under par.
"It's a special place no question and I'm just glad the opportunity has been taken," said Montgomerie, who turns 47 later this month.
Joint fourth were Northern Ireland's Gareth Maybin and Dane Thomas Bjorn - second to Woods at St Andrews in 2000 and to Ben Curtis at Sandwich in 2003.
Among those who missed out were Darren Clarke, Paul McGinley and 17-year-old Italian Matteo Manassero, who would have been in the play-off if he had made a 12-foot eagle attempt on the last.