AIB, EBS and Haven reduce mortgage interest rates again for both new and existing
Owner Occupier mortgage customers
Reduction of 0.25% in AIB, EBS and Haven variable rates applies to all Owner Occupier mortgages Standard Variable Rate (SVR) now 3.65% (AIB), 3.70% (EBS) and 3.72% (Haven) Reduced AIB & Haven Loan-to-Value (LTV) based variable rates from 3.35% and EBS from 3.30%
AIB Group today (Friday 7th August) announces a cut of 0.25% in its Standard Variable Rate and Loan to Value mortgage
rates across AIB, EBS and Haven for its owner occupier customers. This is the third rate reduction in ten months and
will apply to new and existing customers with effect from 1st October, 2015.
AIBs Chief Executive, Bernard Byrne, said, We are confirming the latest reduction in mortgage interest rates in
tandem with the banks announcement of its Half-Yearly Financial Results that strongly reflect our improved financial
performance. We committed to keep mortgage rates under constant review and to reduce these rates for both new
and existing customers if and when AIBs funding conditions allowed. Fortunately, we are again in a position to do so
today.
The latest move benefits approx. 156,000 mortgage account holders, leading to very significant annual savings. As an
example, Owner Occupier customers with a 200,000 mortgage on a 25 year term will save an additional 325 per
annum following this announcement. The combined annual savings from the three reductions announced by AIB in
the last 10 months is 988 for AIB, and 1,166 for EBS/ Haven on an annualised basis.
Customers may also choose to move to the Banks 1 year fixed rate option at 3.50%. For existing SVR customers this
will result in an additional saving of 193 per annum. The Bank continues to offer competitively priced fixed rates of
3.50% for 1 year, 3.65% for three years, and 3.80% for a five years fixed.
New and existing Owner Occupier customers will benefit from the 0.25% reduction across all AIB, EBS and Haven SVR
and LTV rates.
-See also tables below- Further information from AIB Press Office:
Helen Leonard tel: +353 1 77 21382
mobile: +353 87 9850445
email: Helen.m.leonard@ |
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