A Clare Financial Advisor is cautioning that the latest recommended cut to interest rates won’t be a silver bullet for first time buyers.
It comes as the European Central Bank has slashed the rate for the third time this year, to leave it at 3.25%.
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The latest 0.25% cut effectively means a consumer holding a tracker mortgage worth €200,000, will save €25 per month, however the decision to pass the saving on, is at the discretion of the bank.
Tommy Corbett from Carey-Corbett Financial Solutions in Ennis says it will all depend on inflation.
Listen to the full interview here
