AIB Slash Variable Rates On Mortgages

Mortgage holders could save hundreds of Euro a year thanks to a new rate cut.

AIB is dropping its variable rates by 0.25 percent – that means annual savings of over 300 Euro on a 200-thousand Euro mortgage.

The change is expected to put pressure on other lenders to follow suit.

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But the Competition and Consumer Protection Commission is still advising people to be cautious.