Loose Change

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21st February, 2009

BoI first-time buyer fund

Bank of Ireland has launched a €1 billion fund for first-time buyers. As competition hots up among lenders, the bank also announced a new one year fixed rate of 2.45 per cent.

This follows AIB’s announcement that it would offer first time buyers a one-year fixed rate of 2.49 per cent. Bank of Ireland said, based on a typical mortgage of €230,000, its new fund would enable more than 4,000 first time...

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