Haven has announced a further cut to its mortgage rates, with its Green four year fixed rate falling by 0.25% from 3.45% to 3.2%.
Haven, a subsidiary of AIB, said the new rate is available to new and existing customers, across all Loan to Value (LTV) bands, and is effective from September 26.
It follows reductions across all Haven's non Green fixed rates in July.
The new rate is available to customers with a Building Energy Rating of B3 or higher.
The lender said a monthly repayment on a new €300,000 Haven Green 4 year fixed rate mortgage, across all LTV bands, over a 25 year term will be €1,454.04. The previous monthly repayment would have been €1,493.84, which is a saving of €39.80 per month, €477.60 a year, or €3,409.01 over the 25 year term.
Customers who switch their mortgage to Haven for a Green rate and meet the criteria will also benefit from the Haven €3,000 Switcher offer.
Haven Director Paul Butler said that AIB Group, through AIB, EBS and Haven, believes in the importance of offering a wide variety of choice, value and convenience for customers seeking to buy their home, or switch their mortgage.
"The reductions of 0.25% on Haven's Green 4 year fixed mortgage rate will help customers save over €477 a year, demonstrating that green mortgages are good for the environment and people’s wallets," he said.
