AIB Cuts Green Rates But Leaves Most Rates Unchanged (Oct 2024)

[Setforlife]

Lowest green rate now 3%, lowest currently available it appears

“The bank is offering a green three-year fixed rate for homes with a Building Energy Rating (BER) between A1 and A3, with rates from as little as 3pc.

From this weekend, it is also offering a green two-year fixed rate for homes with a BER of between A1 and B3, starting from 3.15pc”

AIB cuts mortgage rates for fourth time this year with new deals for green homes

AIB is stepping up pressure on its rivals with the launch of two new low-cost ‘green’ mortgage rates.

www.independent.ie

 

[keensaver]

Could these change the AIB break fee situation for someone with 2 or 3 yrs of a fix left? As in these new green rates could be lower so no free break.

Or do they not compare a regular rate to a green rate for the break fee calculation? Or for a B rated property would they not use the new A rated 3yr rate?

 

[ClubMan]

Could these change the AIB break fee situation for someone with 2 or 3 yrs of a fix left? As in these new green rates could be lower so no free break.

Or do they not compare a regular rate to a green rate for the break fee calculation? Or for a B rated property would they not use the new A rated 3yr rate?

Maybe post in this thread in case someone can crunch the numbers and assess the options for you?

Key Post - Switch or re-fix my mortgage? Breakage fee calculator and savings estimates for your case (Ireland)

I am creating this thread as a place where people can request guidance on whether they should switch their mortgage to another lender (also called mortgage refinancing or remortgaging) and, if so, which lenders and interest rates they might consider switching to. You are allowed to switch even...

www.askaboutmoney.com

 

[The Oggster]

Could these change the AIB break fee situation for someone with 2 or 3 yrs of a fix left? As in these new green rates could be lower so no free break.

Or do they not compare a regular rate to a green rate for the break fee calculation? Or for a B rated property would they not use the new A rated 3yr rate?

We recently refixed on the 5 year green at 3.2%. So we can over pay for 2 years without worrying, based on current rates, as they will compare our rate to the 4 year one.

We're not eligible for the 3 year A rated one so presumably they can't compare us to that rate. The non green 3 year one is currently 4.55%.

So in other words I'm not going to worry about it for a few years. I'm sure we'll have switched again if rates continue falling.