Avant Money came out today with their new mortgage rates, it was announced in July that they were going to launch a mortgage product and today it has been launched.
Avant Money came out today with their new mortgage rates, it was announced in July that they were going to launch a mortgage product and today it has been launched.
So looking at the rates they are offering they are offering a 3, 5 and 7 year fixed rate across a range of loan to values but they have introduced the lowest rate to market which is a 1.95% 3, 5 or 7 year fixed if your loan to value is 60% or less.
What they have also brought to market is a range of rates across all loan to value brackets up to 90% finance and those rates are either equal to or lowest rate on market currently. So a really solid and compelling introductory offer by Avant on the 3, 5 and 7 year fixed rates. They also have announced their follow on or roll off rates post fixed and less than 70% loan to value they have come out with a 2.5% variable rate, greater than 70% loan to value is 2.75% so the APRC’s on their mortgages currently are really strong and in most cases leading in market.
So a really exciting new entrant. They are allowing 1% overpayment annually on the original mortgage balance on their fixed rate mortgages. They are not introducing a variable rate initially, again the variable rate that they quote is the follow on rate post fixed so their rates are 3, 5 and 7 year fixed. It’s a really exciting new entrant, its great to have choice on market, its great to see a rate coming in at less than 2%, we haven’t had that since tracker rates were on market so its great to see this new entrant.
We have been working with them over the last number of month and they are a hugely professional team, their systems are great. They are really interested in understanding the Irish mortgage market, they have been in Ireland for a number of years, obviously Avant Card in Carrick on Shannon so they know the Irish market and are keen and excited to be introducing their Irish mortgage proposition. So watch this space, what has been introduced so far is fantastic and we look forward to working with Avant going forward at doddl
doddl mortgages are among a select number of intermediaries who are working with Avant Money to bring their products to the consumer. First time buyers, trading up or mortgage switchers Avant Money offer equal to or best in market rates across their 3, 5 and 7 year fixed rate offerings.
