ICS Mortgages cuts its home loan rates by up to 0.5%

Mortgage rate cut is aimed to bolster the lender's profile among new borrowers and potential switchers

AIB, Bank of Ireland, and Permanent TSB are expected to benefit most from the departure of Ulster and KBC, so ICS is seeking to boost its profile among potential customers.

ICS Mortgages — which has been owned by new entrant Dilosk for the past seven years — has cut all its fixed and variable rate mortgages. 

The cuts of up to 0.5% are designed to bolster the lender's profile among new borrowers and potential switchers.