Coming soon-1 year fixed rate 3.25%
22 November 2008
One of Ireland's leading lenders has indicated that a 1 year fixed rate of 3.25% for first time buyers is about to be launched.European base rates are also expected to fall to a base of 2% early next year.These rates coupled with the new tax relief on interest for first time buyers will inevitably result in increasing demand for housing.With house prices dropping to around 70% of their top of the market price we believe it is advisable to arrange loan approval in order to be ready should suitable buying opportunities arise.