ICS Mortgages has announced cuts to its variable rate mortgage products after the European Central Bank cut interest rates by 0.25% today.
From February 2025, ICS said its Owner Occupier variable rates will reduce by 0.25% and 0.41% as appropriate to the loan to value.
Its Buy-to-Let variable rates will also reduce by 0.25%.
It said these reductions will be available to new and existing customers and will benefit homebuyers, homeowners, landlords, and property investors across the country.
Ray McMahon, Chief Commercial Officer at ICS Mortgages, said the lender's latest mortgage rat cuts reflects its commitment to introduce new rate offerings which deliver value to customers.
"We are pleased to introduce these new revised rates, which is in line with our continued ambition to be a flexible and innovative mortgage provider," he said.
He also said that ICS remain focused on enhancing its product suite through regular rate reviews and innovative solutions designed to meet the evolving needs of its customers.
