ICS to cut fixed mortgage rates by 0.25%

New rates are now set to start at 4.25% from January 10

ICS said the move builds on cuts to variable mortgage rates announced in December.

ICS, the non-bank mortgage provider is cutting rates for new fixed-rate home loans by a quarter of a percentage point.

The firm previously charged interest rates starting at 4.5% for three and five-year fixed mortgages, with these rates now set to start at 4.25% from January 10.