AIB, Haven, and EBS Cut Mortgage Rates
- * AIB Group is cutting mortgage rates: These cuts apply to both new customers and existing borrowers switching from fixed or variable rates.
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* AIB Group is cutting mortgage rates: These cuts apply to both new customers and existing borrowers switching from fixed or variable rates.
* Both “green” and “non-green” mortgages are affected: AIB has previously cut rates on green mortgages, and now is reducing rates on standard mortgages as well. EBS and Haven (also part of AIB Group) have also made cuts earlier in the year.
* Meaningful Savings: For a €300,000 mortgage (loan-to-value > 80% over 25 years), the monthly repayment will fall from €1,606 to €1,500 – a saving of €106 per month, or €1,271 per year.
* Commitment to all customers: AIB states the cuts demonstrate their commitment to value for customers, regardless of whether their home qualifies for a green mortgage.
* Rate cuts despite potential ECB rate rise: The cuts are being announced even with the possibility of the European Central Bank increasing interest rates.
* Quote from AIB Managing Director: Geraldine Casey emphasized support for customers who may not have access to green properties and highlighted the competitiveness of the EBS green fixed rate reduction.