Finance Ireland – New Suite of Fixed & Variable Rate Mortgage Products

Wed Mar 20 2019

Dear Member,

Please see below for an update from Finance Ireland, who have released some market leading rates, both variable and fixed and in the PDH and Buy to let sector.  Please be advised that a calculator is being finalised for ease of calculation for all your cases and will be circulated once received.  In the interim you can contact myself if you would like information on how to assess any cases now.

The full suite of Finance Ireland documents are available on our library system under the Pepper tab (www.brokersirelandmortgages.ie).  These rates make Finance Ireland a choice not only for all new business, but for those with existing mortgages this is a fantastic opportunity to switch for rate and if they are looking for equity release.

It’s important to note that all Buy to Let mortgages can be switched to Finance Ireland and equity can be release up to 80% ltv enabling consumers to release balance of funds to purchase a new property.  Below is the release information directly from Finance Ireland, and as always if you have any queries you can contact me directly (Kimberley@brokersirelandmortgages.ie)

Finance Ireland – New Suite of Fixed & Variable Rate Mortgage Products

Finance Ireland are pleased to announce the launch of a range of highly competitive mortgage products designed to deliver more choice and value to your customers.  These changes will give your customers access to some of the most competitive rates in the market, further cementing our position as Ireland’s largest non-bank lender.  In particular, our all-new Progress product is targeted at the wider “prime residential mortgage market and positions Finance Ireland to take on the main banks directly for all categories of mortgage customer.  This new addition to our product range significantly extends our reach in the prime market and it is complemented by our existing offerings in the non-standard segment which we continue to offer.

New Fixed & Variable Rates – PDH

Effective Wednesday, 20th March 2019, we are delighted to introduce a new suite of fixed and variable rates for PDH customers.  Our fixed rates will be available with terms of 3, 5 & 7 years and start as low as 2.55% (APRC 2.75%).  Variable rates are similarly competitive and start as low as 2.75% (APRC 2.81%).  The attached matrix gives full details on the rates available across our Progress, Progress Plus and Enhance products.

Please note that these revised PDH rates are now available (1) to both new and existing customers and (2) irrespective of employment status (i.e. available to both PAYE and self-employed applicants).

Revised Product Guide

The attached Product Guide details the qualification criteria for our Progress, Progress Plus and Enhance products.  In particular, the ‘Quick Product Selector’ at the rear of the guide gives an ‘at-a-glance’ summary of the main differences between each, helping you select the right product and rate for your customer every time.

Links:

Finance Ireland Rate Matrix

Finance Ireland Product Guide


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