Tag: switch

What’s this about a cheap new mortgage and can I switch?

Did I hear we have a new neighbour in to the Irish mortgage market?

Well, they are new(ish). As of Monday morning, Avant Money started taking applications from would-be or existing Irish homeowners for mortgages. We say new (ish) because the Leitrim-based company has actually been in Ireland for many years. It started out as a credit card company trading under the name MBNA, and then changed its name in 2012 to Avantcard. It is now called Avant Money.

A credit card company offering mortgages? Are the rates high?

Quite the opposite as it happens. The reason why the Avant Money move is big news today is that the company is offering a fixed-rate mortgage which is the lowest on the market.

And what is the rate?

It has three rates: five- and seven-year fixed rate products with the lowest of those rates pegged at 1.95 per cent. This is

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