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.