Avant Money cuts its rates and offers cash back as mortgage price war hots up

Avant Money is cutting its fixed mortgage rates by up to 0.4%, introducing a 1% cash-back offer, amidst a competitive mortgage market driven by ECB rate cuts.

The new rates, effective from November 7, will see the One Mortgage rate start from 3.4%, down from 3.8%. Customer demand for cash-back incentives led to this change.

Brian Lande, Avant Money's head of mortgages, noted that 'as market rates fall, we are pleased to pass the benefit directly to our customers' through reduced interest rates and cash-back.

The cash-back on a typical €300,000 mortgage will amount to €3,000, while existing customers will not be affected by these changes.

Read at Irish Independent