Brendan Burgess
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Spain's Avant extends Irish reach of cheaper mortgages
Athlone, Carlow, Dundalk, Kilkenny, Wexford and Portlaoise to get Avant Money offer
According to the lender, the move will see it covering 71 per cent of properties in the State. It will to extend this further in due course.Brian Lande, head of mortgages for Avant Money, said: “We are delighted to continue our growth in Ireland and to be bringing low prices to Irish consumers who have been charged the highest mortgage rates in Europe for far too long.”
Avant has also substantially increased the number of brokers it works with, up from 19 when it first launched, to 32. It expects to add to this panel over the coming months.
Unlike other lenders, which often offer cash back on the value of a mortgage or a lump sum to help with the cost of switching, Avant Money focuses on lower rates, a strategy which appears to be working. According to data from the Banking and Payments Federation of Ireland (BPFI), Avant Money approved almost one in five of all switcher mortgages in February.