Avant Money cuts mortgage rates and boosts cashback incentives
Mortgage lender Avant Money has announced a series of changes to its mortgage products, including lower fixed rates and enhanced cashback offers for borrowers.
The lender confirmed that fixed mortgage rates have been reduced by up to 0.35 per cent. In addition, cashback incentives have been increased, with customers now able to receive 2 per cent cashback when choosing fixed-rate terms of three, four, five, seven or ten years.
Avant Money, which is part of the European banking group Bankinter, currently provides financial services to more than 220,000 customers across the State. The latest changes are aimed at strengthening its position in a highly competitive mortgage market.
Alongside the rate reductions, the company has also launched a new High-Value Mortgage offering designed for borrowers seeking larger loan amounts. Unlike some existing products, this new option is available across all property types and does not depend on higher Building Energy Rating standards.
According to the company, the revised pricing could result in meaningful savings for certain borrowers. For example, repayments on a €500,000 mortgage with a loan-to-value ratio below 60 per cent, taken over 30 years at a rate of 3.20 per cent, would be approximately €660 lower per year compared with the previous four-year fixed-rate option.
The revised mortgage rates will apply to new mortgage drawdowns from 19 January. The increased cashback offer is already available and applies to mortgages that draw down between 1 January and the end of the year.
Borrowers considering a mortgage or refinancing are encouraged to review the full terms and assess how these changes align with their longer-term financial plans.
Disclaimer: This article is based on publicly available information and is intended for general guidance only. While every effort has been made to ensure accuracy at the time of publication, details may change and errors may occur. This content does not constitute financial, legal or professional advice. Readers should seek appropriate professional guidance before making decisions. Neither the publisher nor the authors accept liability for any loss arising from reliance on this material.
