It seems to be a fait accompli that the banks will drop mortgage rates because the Minister of Finance, Michael Noonan, told them to. Thus far, talk of any pitfalls has been avoided in the belief that subsidising certain categories of borrower serves a better common good.
Let’s break this down a little. There are more than 300,000 people with Standard Variable Rate (SVR) mortgages, but they are really three very different cohorts within this...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team