The bank is set to announce today it is to offer new buyers a one-year fixed rate of 2.49pc, well below the rates offered by other banks in the market.
The new discount rate is fixed for one year and will be on offer from next Monday until the end of March. Buyers will be able to borrow up to 92pc of the value of the home. The new rate is just 0.49pc above the European Central Bank rate of 2pc.
AIB, Halifax and Bank of Ireland are currently the only lenders competing for new buyers, with each bank trumping the other over the past few months by offering lower interest rates on mortgages for new purchasers.
Continue reading from source: Independent.ie
