AIB cuts rates on its fixed-rate mortgage products

It is the third time AIB has cut interest rates this year.

AIB has announced a 0.25% interest rate cut to its five-year Green fixed mortgage rate and its four-year fixed mortgage rate for all customers borrowing €250,000 or more.

The green mortgage is available for homes with a BER rating between A1 and B3. The five-year Green rate will be available from 3.20% and the four-year rate will be available from 3.70%.

The new rates come into effect from Friday, September 27. AIB said it has extended its Approval in Principle period from six to 12 months to give customers more time to find and buy their new home.

It is the third time AIB has cut interest rates this year.