Bringing relief to customers, AIB and ICS Mortgages on Thursday slashed mortgage interest rates following the European Central Bank’s decision to trim its key lending rate for the second time this year.
AIB reduced its five-year Green fixed mortgage rate by 0.25 per cent. It is availabe for homes with a BER rating between A1 and B3.
Additionally, the bank announced cutting its four-year fixed mortgage rate for all customers borrowing €250,000 or more.
While the five-year Green rate will be availabe from 3.2 per cent, the four-year rate will be availabe for customers from 3.7 per cent.
The new rates will come into effect from tomorrow.
Similarly, ICS Mortgages announced cutting its owner-occupier fixed rate mortgage products from October 1.
It said its owner-occupier three-year and five-year fixed rates will start from 4.5 per cent from next month.