New mortgage lender Núa announces rate cut

Company has announced a 0.25% interest rate cut on its three-year fixed rate mortgage products and a 0.10% interest rate cut on its five-year fixed rate mortgages

The company has announced a 0.25% interest rate cut on its three-year fixed rate mortgage products and a 0.10% interest rate cut on its five-year fixed rate mortgages.

Mortgage-lender Núa has announced interest rate cuts across its residential mortgage following further rate reductions by the European Central Bank (ECB).

The announcement comes following a decision by the ECB in April to cut interest rates by 0.25% — the seventh time since summer 2024. The ECB's deposit rate now stands at 2.25% following the regulator's latest reduction of 0.25%.