DUBLIN: Haven, an AIB subsidiary, is introducing a green mortgage with a 2.15% interest rate, one of the market’s lowest. The four-year fixed rate will come into effect from July 8. The scheme will benefit both new and existing customers whose properties have a Building Energy Rating (BER) of A1 to B3.
Existing Haven customers who have a mortgage with a term of four years or more are eligible. The company said customers who switch their mortgage to Haven and benefit from new green rate will be granted €2,000 in legal fees,
Haven Managing Director Kieran Tansey claims that Green Scheme customers will get better returns on a monthly basis compared to variable rates.
Customers with a 25-year mortgage of €305,000 could save €155.11 per month or €1861.32 per year compared to a variable rate mortgage, Mr. Tansey said.
Assuming you have a €300,000 mortgage on a home valued €3,50,000 or more, you can save €267 per month, €3,204 yearly, or €12,816 over four years, said Joey Sheahan, Head of Credit at MyMortgages. ie.
Heaven MD said the green four year fixed rate mortgage also “provide customers with greater repayment certainty and the opportunity to fight climate change by reducing their personal carbon footprint.”
Heaven MD said the green four year fixed rate mortgage also provides customers the opportunity to “fight climate change by reducing their personal carbon footprint.” Kieran Tansey also said that the new rates will be available only to customers who apply through a Haven-appointed mortgage intermediary.
Kindly click the link below to join WhatsApp group chat to get important news and breaking news from Irish Samachar