Great news for Irish mortgage holders as AIB announce a reduction of 0.25% in their standard variable mortgage rate. The reduction will apply to both new and existing customers and will benefit around 150,000 customers of AIB, EBS and Haven. Although the reduction doesn’t sound like much in percentage terms, it is now the third in ten months and means that a €200,000 mortgage holder could save close to €1,000 per year. For more information on the reduction and to see how you could benefit, click here.
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