A spokesman for AIB said the mortgage switcher payment is available to all eligible mortgage customers who switch to AIB, EBS or Haven. For example, customers switching to fixed and variable rates from AIB to Haven, or vice versa, can avail of the payment.
The increased switcher payment makes AIB Group’s mortgage offerings more competitive following recent rate reductions of 0.2 per cent across AIB, EBS and Haven green mortgages. . Many of these terms may now be coming to an end and as a result the switcher market is likely to become more active again. Meanwhile, figures from Banking and Payments Federation Ireland show the number of switching and remortgage approvals rose by 0.5 per cent year-on-year in February.
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