Irish Times: Avant Money enters mortgage scene with lowest rate on Irish market

Joey Sheahan, head of credit at MyMortgages.ie, said Avant Money’s entry into the Irish market was the “best news” for Irish mortgage holders.

“We have long seen European rates well below 2 per cent compared to closer to 3 per cent for Irish mortgage holders, and now, for the first time since before 2008, rates below 2 per cent are available to homeowners in Ireland,” he said.

Pricing war begins as AIB responds with new loan-to-value fixed rate of 2.25%

Leitrim-based consumer finance company Avant Money has begun taking applications for its products from Monday with a fixed-rate mortgage offering that is the lowest on the market.

Avant Money, formerly known as Avantcard, is based in Carrick-on-Shannon with a second office in Dublin. It is owned by Spanish banking group Bankinter and has been providing consumer finance products to Irish consumers for more than 20 years.

 

Joey Sheahan, head of credit at MyMortgages.ie, said Avant Money’s entry into the Irish market was the “best news” for Irish mortgage holders.

“We have long seen European rates well below 2 per cent compared to closer to 3 per cent for Irish mortgage holders, and now, for the first time since before 2008, rates below 2 per cent are available to homeowners in Ireland,” he said.

“It’s a once-in-a-decade or maybe even two-decade opportunity where a new lender enters the Irish market and reduces interest rates to this extent.

“We are delighted to be one of Avant Money’s partners and our advice to mortgage holders is now is the time to review their current mortgage, even if they have done so recently.

“A mortgage holder with €300,000 outstanding with 32 years remaining and loan-to-value of below 60 per cent can save €158 monthly or €60,000 over the term of mortgage based on reducing interest rate from 2.95 per cent to 1.95 per cent.”

 

Read the full article on The Irish Times – https://www.irishtimes.com/business/financial-services/avant-money-enters-mortgage-scene-with-lowest-rate-on-irish-market-1.4354349


Avant Money (formerly known as Avantcard) launched today and confirmed its new mortgage products are now available to Irish customers, with fixed rate mortgages starting from 1.95%, by far the lowest rate in the market today.

The company has been providing credit cards and personal loans to Irish consumers for over twenty years. Avant Money is owned by Spanish banking group Bankinter, which also has operations in Portugal and Luxembourg.

We, at MyMortgages.ie, are proud to announce that we are one of Avant Money’s partners and we are here to guide and advise switchers, movers and first-time buyers on the range of these new products.

Joey Sheahan, Head of Credit, MyMortgages.ie and author of The Mortgage Coach says:

Avant Money’s entry into the Irish market is the best news for Irish mortgage holders. We have long seen European rates well below 2% compared to closer to 3% for Irish mortgage holders, and now, for the first time since before 2008, rates below 2% are available to homeowners in Ireland. It’s a once in a decade or maybe even 2 decade opportunity where a new lender enters the Irish market and reduces interest rates to this extent. We are delighted to be one of Avant Money’s partners and our advice to mortgage holders is now is the time to review their current mortgage, even if they have done so recently. A mortgage holder with €300,000 outstanding with 32 years remaining and Loan to Value of below 60% can save €158 monthly or €60,000 over the term of mortgage based on reducing interest rate from 2.95% to 1.95%”.

If you would like to talk to Joey about your particular situation complete the form below:

 


Irish homeowners are overpaying by an average of €3,480 on yearly mortgage repayments. Due to a large number of homeowners failing to change lenders to get a better deal.                                                                                                                                       A mortgage price war with AIB is raging. After rival banks KBC and Ulster bank also revealed reductions.                                                                                                                       Joey Sheahan expects things to heat up this year.

You can read more from the article here – https://www.thesun.ie/news/5132690/irish-homeowners-mortgage-repayments/


Irish Construction Industry Magazine: Strong Upward For Housing

Posted on 17Jul

The CSO Quarter 1 2019 new dwellings completion report confirms a strong upward trend across all housing construction activity data sets.

“While it is important to continue our efforts to ensure that this trend is maintained and even further improved, it is encouraging to see today’s results,” says Housing Minister Eoghan Murphy.

“In order to properly address homelessness” he continues, “affordability and the challenges in housing, we need to fix supply. These numbers show that this is happening.

Read More


Irish Independent:Your Questions-I need travel insurance but I am worried about a pre-existing condition

Posted on 14May

By Charlie Weston Read More


The Times (Ireland) “Ireland’s serial switchers play the mortgage cashback game”

Posted on 08May

Eithne Dunne – Money

Read More


RSVP: How people can save more than €3000 a year on their mortgage

Posted on 05Feb

Press ahead if you’re in the market for a new mortgage

Posted on 14Nov
Sunday Independent,  11 Nov 2018
Rates are still too high, but playing the waiting game is unlikely to reap rewards, writes John Cradden

 

Read More


My mortgage is fixed – but can I still switch?

Posted on 22Aug
The answer is yes, but if you are faced with a penalty, the decision on whether or not you switch to a lower cost product will depend on how much you will save by doing so

Read More


Irish mortgage customers pay extra €188 a month compared to other Eurozone countries

Posted on 13Aug

Back to Top