KBC Bank Ireland has announced that it will cut a range of fixed and variable mortgage rates from next month.
The rates vary depending on the mortgage amount relative to the value of the home and will be available to first time buyers, movers, switchers and existing customers.
The bank said that new mortgage customers will benefit from the new rates from November 1.
It added that existing KBC customers can apply from December 1 by submitting an up to date valuation of their property by a KBC approved valuer.
The bank said an existing customer with a €250,000 mortgage balance on a standard variable rate at 4.25% and 20 years remaining and an LTV between 80% and 90% can save €98.19 per month and €23,565 over the term by availing of the reduced LTV variable rate of 3.5%.
The rates include the KBC Current Account 0.2% discount, where customers open and mandate their salary to a KBC current account.
