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Eamonn Farrell/Photocall Ireland

Do you have an AIB, EBS or Haven mortgage? Good news*!

*Except tracker mortgage holders.

THE AIB GROUP has announced it is cutting mortgage interest rates for all of its institutions.

The move will see variable rate mortgages at AIB, EBS and Haven cut by 0.25% and other mortgages cut by around .10%.

The move benefits around 146,000 existing mortgage account holders.

With the cut, customers with a €200,000 mortgage will save up to €334 a year, based on a 25 year term.

AIB Group is also introducing new fixed mortgage rates across all three brands. These include 3.80% on its three-year fixed rate and 3.90% for its five-year fixed-rate mortgages.

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AIB and Haven are cutting all loan-to-value mortgage rates by 0.24%, while EBS is reducing all its LTV rates by 0.25%. AIB and Haven customers with an LTV of 50% or less will see their interest rate drop to 3.85%, while EBS customers will see it fall to 3.80%.

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Bernard Byrne, Director of Personal, Business and Corporate Banking, said “AIB is now in a position to reduce variable mortgage interest rates due to the bank’s underlying positive performance and funding cost reductions. The introduction of the Bank’s new fixed rate pricing will provide better value and certainty for customers.”

Read: Aaron McKenna: The Central Bank mortgage restrictions make great sense – here’s why

Read: Thinking of saving for a house? Here’s what to expect*

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42 Comments
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    Mute Nellysroom
    Favourite Nellysroom
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    Oct 22nd 2012, 9:15 AM

    I wonder if we had free access to guns in Ireland would we have the same level of gun crime..

    I’d say coupled with our alcohol problem it would be chaos each and every weekend.

    The USA government obviously see the level of gun crime as an acceptable ratio to revenue earned from the sale of guns.

    Money over people .very sad.

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    Mute Brian Ward
    Favourite Brian Ward
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    Oct 22nd 2012, 9:19 AM

    There is about 150,000 gun owners in this country and yet still you don’t see all out drunken gunfights at the weekend. It’s American attitude that is the problem, they still think they are in the Wild West.

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    Mute Mark Dennehy
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    Oct 22nd 2012, 11:54 AM

    Closer to 200,000 Brian, but we also have some of the strictest firearms legislation in Europe (though it’s also some of the most badly-written, badly-enforced firearms legislation in Europe).

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    Mute Carlin Ite
    Favourite Carlin Ite
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    Oct 22nd 2012, 9:10 AM

    Listen to the silence from puppets Obama and Romney on gun control. They will walk between the raindrops on this.

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    Mute M O Sé
    Favourite M O Sé
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    Oct 22nd 2012, 9:41 AM

    Propane tank control also. People dont kill people, propane tanks do.

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    Mute Kevin Smyth
    Favourite Kevin Smyth
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    Oct 22nd 2012, 9:58 AM

    “I can tell you we’re not seeking additional suspects. The community can feel safe.”

    Feel safe eh? When’s the next shooting? Or is that the last shooting of innocent civilians? Land of the free (to own an AK-47, Bazooka, shotgun, handgun etc etc)

    I wonder if gun sales go up after shootings like this. Just something for self defense like.

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    Mute Bramley Hawthorne
    Favourite Bramley Hawthorne
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    Oct 22nd 2012, 9:51 AM

    Brookfield Police Chief Dan Tushaus said the community can feel safe. Yeah. Right.

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