Mortgage lender Avant Money has announced a series of measures relating to its mortgage offering.
Fixed mortgage rates have been reduced by up to 0.35%, the company said, while cashback has been doubled to 2% for customers choosing a 3-, 4-, 5-, 7- or 10-year fixed rate mortgage.
Avant Money is part of European bank group Bankinter and provides services to over 220,000 customers in the state.
The company's head of mortgages Brian Lande also announced a new High-Value Mortgage offer for customers who require a larger mortgage.
"It will be available for all properties and is not restricted to higher BER ratings. Repayments on a mortgage of €500,000 with <60% loan-to-value over 30 years at 3.20% will now be €660 lower per year compared to the existing 4-year fixed rate," Mr Lande explained.
The mortgage rate changes will be effective for new mortgage drawdowns from January 19 this year, while the increased cashback is available and applies to mortgages that drawdown between January 1 to the end of the year.
