Low rate for first-time buyers
The cost of borrowing fell for first-time buyers last week with the introduction of a new mortgage product that charges just 0.5 per cent above the current European Central Bank (ECB) rate.
AIB launched its one-year fixed-rate for first-time buyer owner-occupiers last week, with a rate of 2.49 per cent. On January 15, the ECB cut interest rates to 2 percent. The new rate will be available from tomorrow, and will...
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