AIB cut mortgage rates
Some good news for buyers and home owners alike. AIB Variable rates down by 1/4% for new and existing customers Five year fixed rates at 3.9%
Mortgages are delighted to advise that new these rates will be available to you, through our broker services.
In response to lower cost of funds, higher margins and a more competitive mortgage environment. AIB Group through their three mortgage trading divisions (Haven mortgages. EBS mortgages and AIB mortgages) have shaken up the market by lowering rates across the board.
The rate reductions will be especially welcomed by existing home owners who have often been forgotten with the focus on rate offers usually being confined to new business customers.
Tracker mortgage holders will not benefit from this reduction, but they have seen their rates hit the floor over recent years in nay case.
The most exciting news is the new fixed rates and especially the five year fixed rate of 3.9%. Mortgage holders should be attracted by this rate and they also have a choice of fixing part of their mortgage and remaining variable on the balance.
Other lenders will react to this news and reduce their rates. Hopefully they will also pass on any reductions to existing mortgage holders as AIB group have done.
We will keep you informed as lenders respond.