Banking

Avant Money reduces rates on long-term mortgages, increases interest on short-term loans in same breath

Lender also announced a range of incentives to encourage customers to switch to One Mortgage product

Brian Lande, Head of Mortgages at Avant Money: “With interest rates predicted to rise even further, our unique One Mortgage offers customers the option of fixing their mortgage repayments now, thus avoiding any further increases.”

Avant Money has reduced rates on longer-term, fixed mortgages for the full term of repayments by 0.35 per cent, while increasing rates on three-to-five-year fixed terms by 0.30 per cent.

The lender has also announced a range of incentives to encourage customers to switch to long-term product.

In a statement today, the firm said rates on its One Mortgage product now start from 3.95 per cent and will remain at the same level for the ...