Avant Money, the Leitrim-based lender, is shaking up the Irish mortgage market with significant rate cuts and a generous cash-back offer. These moves come amidst a wave of competition among lenders, driven by falling European Central Bank rates.
Avant Money Cuts Rates, Offers Cash Back
Starting next Thursday, November 7th, Avant Money will reduce its fixed mortgage rates by up to 0.4 percentage points. This includes:
* **One Mortgage:** Rates starting from 3.4% (down from 3.8%)
* **Three-Year Fixed Rate:** 3.6% for borrowers taking 80% or less loan-to-value (down 0.1 percentage points)
* **Four-Year Fixed Rate:** 3.4% (down 0.2 percentage points)
These cuts represent some of the cheapest rates currently available for borrowers who don’t qualify for green mortgage rates.
Adding to the appeal, Avant Money will also introduce a 1% cash-back incentive on all new mortgages from the start of next year. This means a €3,000 cash back on a typical €300,000 mortgage.
A Competitive Mortgage Market
Avant Money’s move follows a series of rate cuts and new product launches by other major lenders:
* **AIB:** Launched two new low-cost ‘green’ mortgage rates last week, marking its fourth rate announcement this year.
* **Bank of Ireland:** Reworked its fixed-rate green mortgage range in April, offering discounts based on home energy efficiency ratings.
* **PTSB:** Cut key mortgage lending rates by up to 1 percentage point in May, the third time in recent months.
The fierce competition is good news for homebuyers, who are seeing more affordable mortgage options.
What This Means for You
If you’re considering buying a home, Avant Money’s latest offer could save you significant money.
Contact Avant Money today to discuss your mortgage options and explore how much you could save.