Avant Money cuts its Flex Mortgage rate below 3%
The company said this reflects the continued fall in the 12-month Euribor rate, the European benchmark on which the Flex Mortgage is based and is the first time mortgage rates have fallen under 3% since 2022.
Introduced in March, Avant Money said its Flex Mortgage rate is now 0.77% lower than the next best available variable rate from other lenders.
This equates to a minimum saving of €122.87 per month on the typical mortgage of €300,000 at <80% loan to value and 25 years remaining.
With Flex Mortgage rates changing monthly, these new rates are effective from drawdowns on the Flex Mortgage product from 10th June 2025.
Brian Lande, Head of Mortgages, at Avant Money, described the product as a game changer for Irish borrowers.
"By aligning with the 12-month Euribor, it offers a level of transparency and responsiveness you won't find in traditional variable rate products here in Ireland.
Customers benefit from a clear link to European market rates, with annual rate updates they can plan for, and the freedom to manage their mortgage on their own terms."
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