ICS Mortgages is set to cut its variable rate mortgage products after the European Central Bank cut interest rates by a quarter of a percentage point today.
From April, its owner occupier variable rates will reduce by 0.25%.
It also said its buy-to-let variable rates will be cut by 0.35% or 0.25% – depending on the loan to value.
This is the seventh cut announced by the lender since July last year.
“We are excited to introduce these new, lower rates, demonstrating our continued dedication to delivering genuine value to our customers,” said Ray McMahon, Chief Commercial Officer at ICS Mortgages.
“This reinforces our commitment to offering flexible and innovative mortgage products,” he added.
