DUBLIN: Avant Money offers the lowest four and ten-year fixed rate mortgages in the Irish loan market. The company said it was cutting the existing seven-year fixed rate to benefit consumers.
Mortgage lender Avant Money said its new ten-year fixed rates will start from 2.1%. Customers who switch to Avant Money on the new ten-year fixed rate will save €45 a month compared to their previous mortgage. When calculating the total loan term, each customer will receive a benefit of €12,685.
Avant Money said the calculations were based on a 25-year mortgage, a remaining balance of €300,000 and a 60% loan value.
The new four-year fixed rates will start from 1.95%. The company is also lowering the pricing on its seven-year fixed rates for loan to values ranging from 60% to 90%.
The mortgage lender says first-time buyers who take out a seven-year fixed-rate mortgage from Avant Money can save €134 per month and €26,032 over the life of the loan. The company explains that the calculation is based on a 30-year mortgage, a balance of €300,000 and an 80% loan value.
The company said its mortgages are available through a panel of 35 central bank-regulated mortgage brokers. Avant Money mortgages are available in Dublin, Cork, Galway, Limerick and Waterford and their surrounding commuter belts as well as Athlone, Carlow town, Dundalk, Kilkenny city, Portlaoise and Wexford town.
According to Brian Lande, Head of Mortgages for Avant Money, the new ten-year fixed rate mortgage is an attractive option for customers who want to lock-into company’s low interest rates for even longer period of time.
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