Loan Digest

AIB, EBS and Haven cut fixed Green mortgage rates by 0.2%

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 22 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 61%

News News

AIB and affiliates EBS and Haven are cutting the fixed rates on their 'Green Mortgages' by 0.2%.

The changes will take place from tomorrow and will be available to new customers and existing customers seeking to fix.On a €300,000 5-year Green fixed rate mortgage over 25 years with a loan to value ratio of 50-80%, the change will lead to savings of around €32 a month on repayments or €387 a year.

"I would encourage customers to check if they are eligible for a cheaper rate, particularly those who have carried out retrofitting work on their homes to improve the energy rating to between A1 and B3," said AIB's Managing Director, Retail Banking Geraldine Casey. In the first half of last year, more than 19,000 energy upgrades were completed according to the Sustainable Energy Authority of Ireland.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AIB ups competition in green mortgage with fresh rate cutsLender cuts rate on fixed-rate products by 0.2 percentage points
Source: IrishTimes - 🏆 3. / 98 Read more »

Battle of the banks: Do investors prefer AIB or Bank of Ireland?With blockbuster profits and substantial capital returns, AIB and Bank of Ireland are attracting significant investor interest, but which one is winning the race for institutional capital?
Source: businessposthq - 🏆 8. / 71 Read more »

AIB posts 'exceptional' profits of €2.058 billionAIB has reported 'exceptional' after tax profits of €2.058 billion for 2023, up from €765m the previous year and said that overall credit quality remains robust against the backdrop of inflation and higher interest rates.
Source: RTEbusiness - 🏆 16. / 61 Read more »