Spanish-owned Avant Money has shaken up the market with the first sub-2% mortgages here for more than a decade.

It launched this week with the lowest rates in the market at 1.95%.  This has prompted AIB to react by cutting its rates.

AIB’s new fixed-rate mortgages have rates as low as 2.25%, as competition heats up in the home-loan market. 

The arrival of Avant Money will change the way that the mortgage market is structured with anticipated rate cuts, increased choice and long-term value to consumers.

Read full article: Independent.ie