AIB subsidiary Haven is cutting interest rates on its new green four year fixed mortgage rate by 0.15% to 2% which it said will see it provide the most competitive green mortgage rate in the market.
Haven said the rate is available to eligible customers with homes which have a BER rating of B3 or higher regardless of their Loan to Value (LTV) ratio.
It said it will help customers reduce their monthly mortgage repayments while also doing their part to help the environment by having an energy efficient home.
Based on a €300,000 mortgage over 25 years, Haven said that customers on a standard variable rate of 3.15% would save €174 on their monthly repayments if they switched to a green four year fixed rate of 2%.
Haven is also cutting its standard three year fixed rate mortgage by 0.2% to 2.35%.
It said that customers currently on a standard variable rate of 3.15% would save €122 on their monthly repayments if they switched to a three year fixed rate of 2.35%. The calculation is also based on a €300,000 mortgage over 25 years.
Today's cuts in mortgage rates follows the reduction of Haven's seven and ten year fixed mortgage rates three months ago.
It said the new rates are available to both new and existing mortgage customers.
"Following the successful launch of our green mortgage last summer, we're delighted to announce a reduction in our green four yearr fixed rate from 2.15% to 2%, helping customers save money on their monthly repayments," Kieran Tansey, the Managing Director of Haven said.
Haven focuses exclusively on mortgage distribution through the mortgage intermediary channel.
