Mortgage provider Avant Money has announced that it will reduce its mortgage interest rates by up to 0.4 per cent, following recent rate cuts by the European Central Bank.
The rate reduction will apply across all Avant Money mortgage products, offering savings to a wide range of borrowers, regardless of their property’s energy rating.
The biggest rate cut will apply to Avant’s One Mortgage product, which allows borrowers to lock in a fixed interest rate for the entire term of their mortgage. This product will see rates lowered by up to 0.4 per cent. Additionally, Avant’s popular four-year fixed rate mortgage will see a rate reduction of up to 0.2 per cent.
The new reduced rates will be available starting Thursday, November 7, allowing new borrowers to benefit from these cuts right away.
In addition to the rate cuts, Avant Money will introduce a new 1 per cent cashback incentive on all mortgages drawn in 2025.