National Irish Bank slashes interest rate on home loans
Lenders are likely to cave in to customer demands to reduce the interest rate on their mortgages after National Irish Bank (NIB) slashed the rate on its home loans last week, according to Michael Dowling, president of Dublin mortgage broker, the Inde
Last week, NIB launched a new tracker mortgage, where the interest rate can be as low as 0.5 percentage points above the European Central Bank (ECB) rate - far lower than the margin offered by other lenders.
‘‘Customers are now in a better position to get a reduced interest rate from their lender,” said Dowling. ‘‘There’s no doubt that customers should now negotiate a better rate.” Dowling said that the top four lenders - AIB, Bank...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team