CHEAP­EST MORT­GAGES

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

AIB will have the low­est vari­able mort­gages on the mar­ket when it cuts its rate on Novem­ber 1 — un­less other lenders un­der­cut it by then.

AIB al­ready of­fers the low­est vari­able mort­gages in the mar­ket — along with KBC Bank and Ul­ster Bank. All three lenders charge 3.5pc in­ter­est on a vari­able mort­gage where 80pc of the value of a home is be­ing bor­rowed. That’s cur­rently the low­est such rate in the mar­ket. There are no strings at­tached to AIB’S 3.5pc rate —un­like KBC and Ul­ster Bank, where con­di­tions must be met.

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