"Avant Money, which is owned by Spain's Bankinter and has a banking licence in this country, is cutting its fixed rates by up to 0.35 of a percentage point. It also said it will double its cash back to borrowers to 2pc of the mortgage value. The changes take effect for new mortgage drawdowns from Monday, January 19. Avant Money has also launched a high-value mortgage for loans over €300,000 with fixed rates starting from 3.20pc for loan-to-values of less than 60pc."
"Head of mortgages at Avant Money Brian Lande said the new high-value mortgage will be available for all properties and is not restricted to higher Building Energy Ratings (BER) ratings. "Repayments on a mortgage of €500,000 with less than 60pc loan-to-value over 30 years at 3.20pc will now be €660 lower per year compared to the existing four-year fixed rate," he said. "Alternatively, choosing a cashback-eligible product would offer cashback of €10,000.""
Avant Money, owned by Spain's Bankinter and licensed locally, is cutting fixed mortgage rates by up to 0.35 percentage points and doubling cashback to 2% of mortgage value for new drawdowns from January 19. A high-value mortgage for loans over €300,000 has been launched with four-year fixed rates starting at 3.20% for loan-to-values under 60%, available for all properties regardless of Building Energy Rating. A €500,000 mortgage at under 60% LTV over 30 years at 3.20% reduces annual payments by €660 compared to the existing four-year fixed rate, or offers €10,000 cashback if cashback-eligible. Non-bank lenders ICS Mortgages and Spry Finance raised fixed rates recently amid higher wholesale funding costs and limited access to customer deposits.
Read at Irish Independent
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