The only attractive element of this deal is that it has reduced its Variable High Value Loyalty rate for borrowers who have loans in excess of €250k and LTVs < 80%. It has been reduced to 3.2%. This was a Best Buy before this deal. It's now an even clearer Best Buy.
The rest of the cuts are to fixed rates and should be avoided as variable and fixed rates are expected to come down over the coming months.
LTV <60% - fixed for 4 years at 3.29%
- Borrowers with LTVs below 60% should be able to borrow at variable rates of below 3% within a few months.
"The bank has also reduced its three-year and five-year fixed rates for borrowers, with different rates depending on their loan to values."