IIB Homeloans cuts fixed rates

IIB HOMELOANS yesterday announced a 25-30 basis point reduction across its three- and five-year fixed rate mortgages in a bid to increase its competitiveness in the Irish lending market.

The new rates, which are effective immediately, are being ushered in conjunction with a new “flexi saver” mortgage product from the bank.

“By reducing our fixed rates, we hope to attract new customers looking for competitive rates and who want the peace of mind of knowing what their monthly repayments will be, especially in the current uncertain economic environment,” said IIB group head of marketing John McAlinden.