AIB is reducing its four-year fixed mortgage rate for customers borrowing €250,000 or more by 0.25 per cent from July 3rd.
The new rate is also available to existing AIB mortgage customers with a balance of at least €250,000. Switcher customers who meet the criteria and wish to avail of the fixed rate will also benefit from a €3,000 switcher cash offer.
At a time when the average house price in Ireland is €335,000, according to the Central Statistics Office, AIB said "the four-year fixed mortgage rate has proved popular with customers seeking the security of a fixed rate when borrowing at least €250,000".
The new reduced mortgage rates are as follows:
Loan To Value (LTV) New Rate Existing Rate
<50% 3.95% 4.20%
50% - <80% 4.10% 4.35%
80% 4.30% 4.55%
These reductions follow a number of cuts to green mortgage rates by AIB Group in April 2024.
A monthly repayment on a new €300,000 AIB four-year fixed rate mortgage, available for mortgages of €250,000 or more with a loan to value of 50-80 per cent over a 25-year term will be €1,598.32. The previous monthly repayment would have been €1,639.97.
