AIB INCREASES MARKET SHARE

AIB appears to be reaping benefits from its low-cost mortgage deals. The bank, which has the second lowest mortgage rate in our Best Buy tables, has increased its market share.

AIB has a 35% share of the new mortgage market, while Bank of Ireland’s stake is around 25%, according to Philip O’Sullivan, analyst at specialist bank Investec.

AIB and Bank of Ireland have usually had similar market shares in the past.