Bank of Ireland has reduced its fixed mortgage lending rates by 0.5 per cent for new and existing customers effective today. The move will benefit those with homes that have a Building Energy Rating (BER) of A to G. The bank stated that the four-year fixed rate is now available at 3.1 per cent, depending … Read more
Mortgage rates fell to their lowest level in nine months following a drop in May, as per the latest figures from the Central Bank of Ireland. The average interest rate on a new mortgage in Ireland stood at 4.17 per cent in May — a decrease of 0.07 percentage points compared with April. However, Ireland … Read more
In a move that could save Irish customers about €500 a year, AIB has announced a reduction of its four-year fixed mortgage rate for customers borrowing €250,000 or more by 0.25 per cent from July 3. The new rate is also available to AIB’s existing mortagage customers with a balance of at least €250,000. The … Read more
The Central Bank of Ireland has sounded the alarm on the alarming threat posed by investment funds to struggling homeowners. In the final quarter of last year, a staggering 47,700 individuals found themselves unable to meet their mortgage repayments, marking a concerning trend. Most concerning, however, is that these mortgages have fallen into the hands … Read more
In a remarkable trend, Ireland’s average mortgage interest rates have fallen for the third consecutive month, settling at 4.19%, as reported by the Central Bank’s December figures. This 0.06% decrease from November has positioned Ireland in 10th place among Eurozone countries. Economists express surprise at this unexpected shift, attributing it to the anticipation of a … Read more
The fixed mortgage interest rate from Ulster Bank has increased by 0.75%. The new rates are in effect as of right now, but only for a select group of existing customers. Mortgages have not been offered for sale to new customers since June or to existing customers since August as a result of the bank’s … Read more
Ireland tops in terms of mortgage rates in the eurozone again, according to a new report by the Central Bank of Ireland. The average interest rate on a new mortgage in the country now stands at 2.73%, while the eurozone average is just 1.28%, says the report. Greece comes on the second spot with a … Read more