Lender cuts rate on fixed-rate products by 0.2 percentage points
AIB has moved to take a greater slice of green mortgages activity by cutting rates on its fixed-rate products by 0.2 of a percentage point to a market-leading low.
Homes with a building energy rating of B3 or higher are eligible for green mortgages among Irish lenders and are typically priced more cheaply than standard home loans. AIB has also cut the rate on its four-year green product to 3.55 per cent, while that of its Haven unit falls to 3.45 per cent. The new rates are available to both new and existing customers across all three brands, it said.
According to the Sustainable Energy Authority of Ireland in the first half of 2023, more than 19,000 upgrades were completed. Those that have achieved a Ber rating of 3 or higher may qualify for a green mortgage as a result.
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