ICS Mortgages has announced a further reduction in its variable mortgage rates – its seventh successive rate cut since July last year.
The lender said its latest cut follows today’s European Central Bank interest rate cut.
From May 1, ICS owner-occupier variable rates will decrease by 0.29%, while its buy-to-let variable rates will reduce by up to 0.25%, depending on the Loan-to-Value (LTV) of the mortgage.
ICS said the reductions will provide increased affordability for homeowners and property investors across the country.
Ray McMahon, Chief Commercial Officer at ICS Mortgages, said the lender remains committed to supporting its customers by ensuring they benefit from lower borrowing costs as market conditions evolve.
“As one of Ireland’s leading non-bank lenders, ICS Mortgages continues to adapt to market changes, ensuring borrowers receive access to sustainable and flexible mortgage products,” he added.
