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Interest rates here almost twice EU average.

The average interest rate on new mortgages here remains almost twice what it is in the Eurozone. The rate stood at 3.38pc in November. Although this has fallen over the past 12 months, it is much higher than the euro area rate of 1.72pc, according to data from the Central Bank.

New variable rate mortgages, which had an average interest rate of 3.38pc, accounted for two-thirds of all new agreements in Ireland over the past year. A bill to allow the Central Bank to force rates lower continues to be examined in an Oireachtas Committee

KBC Current Mortgage Offers

KBC  is offering attractive mortgage deals for customers who are looking to buy their first home, subsequent home, or those simply looking to switch for better value.

  • Rates from as low as 3.30% fixed and 3.25% variable when you open a KBC current account.
  • 50% off KBC Home Insurance for 1 year for new residential mortgages that draw down up to 31st December 2015.
  • Clients who wish to switch to KBC before 31st December 2015 get €2,000 towards legal fees.

Terms and conditions apply.

Contact us to discuss on 01-5052718.

 

 

Haven lead the way for mortgage rate reductions

As previously mentioned, Haven announced reductions to their range of fixed and variable mortgage rates.

They are now market leaders with their 2,3,4 and 5 year fixed rates. These discounts are  available to both new and existing customers.

Reductions vary between 0.10% and 0.20%. For example, a 2 year fixed rate that was 3.80% now stands at 3.60%- giving a generous 0.20% back to customers.

With effect from 1st June 2015 their standard variable rate will be reduced by 0.38%- dropping it from 4.35% to 3.97%.

Should you require any further information please get in touch with our brokerage team on 01-5052718 or email us at info@coonanmortgage.com