Central Bank still pretending mortgage rates for new business are lower than they actually are.

Aussie Guy said:

Sarenco

Thank you very much for answering my question.

We might settle in some other Eurozone country instead as that seems a bit on the high side.

What is the average rate being paid by people like me in the rest of the Eurozone? You know, people who are new customers to their banks?

Click to expand...

Sarenco said:

Yes, the Euro zone average figure is a lot lower than the comparable Irish figure.

The link to the Central Bank paper in the above post details what is included in the new business rate, including what is meant by a restructured loan.

I appreciate that you won't be restructuring a loan which is why I said the data is of limited value to an individual borrower. That is not the purpose of the data.

Click to expand...

Sarenco said:

The average new business LTV or standard variable rate at the end of March, as stated above, was 3.64%.

Click to expand...