Avantcard is to enter the Irish mortgage market in the autumn. It is expected Avantcard, which will use the brand Avant Money, will offer fixed rates below 2%.
The average rate on a new mortgage across all lenders here is 2.87% with no lender currently offers a sub-2% rate.
The move came as Permanent TSB cut its variable and fixed rates, and performed a U-turn by making the rates available to existing customers, not just new borrowers.
Financial adviser Karl Deeter, of online brokerage Yes.ie, said there now was a mortgage rate war going on in the Irish market.
Read full article: Independent.ie