AIB is reducing its non-green mortgage fixed rates by up to 0.75 percentage points from May 13, designed to attract buyers of second-hand homes with lower energy ratings. This adjustment follows the European Central Bank's recent rate cuts. The new rates will only be available to new customers and those transitioning off fixed rates. Additionally, AIB is also cutting interest on certain fixed-term deposits. This strategy aims to prevent customers from switching to competing lenders, offering potential savings to borrowers despite existing rates still being among the highest in the market.
AIB's reduction of non-green fixed mortgage rates by up to 0.75 percentage points aims to attract second-hand home buyers with lower energy ratings, easing the financial burden on borrowers looking to switch lenders.
The new lower AIB rates will apply solely to new customers and those exiting existing fixed rates, while the vast majority of existing fixed rates remain unchanged, leaving certain borrowers with less favorable options.
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