Brendan Burgess
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2.55%
Variable mortgage rate cut for low income families
Not sure about the low income families bit. A single person earning up to €50k and a couple earning up to €75k can get a local authority loan.
The Board of the Housing Finance Agency (HFA) has decided to decrease its variable mortgage interest rate charged to local authorities by 0.2pc.
Those local authorities have in turn been instructed by Environment Minister Alan Kelly to pass the reduction on directly to their borrowers.
Up to 13,700 homeowners stand to benefit from the cut, which will drop to 2.55pc from July 1.
Variable mortgage rate cut for low income families
Not sure about the low income families bit. A single person earning up to €50k and a couple earning up to €75k can get a local authority loan.
The Board of the Housing Finance Agency (HFA) has decided to decrease its variable mortgage interest rate charged to local authorities by 0.2pc.
Those local authorities have in turn been instructed by Environment Minister Alan Kelly to pass the reduction on directly to their borrowers.
Up to 13,700 homeowners stand to benefit from the cut, which will drop to 2.55pc from July 1.