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Pepper Advantage Ireland decreases variable mortgage rates for some customers
Latest update on the variable mortgage rate decrease for Pepper Advantage Ireland customers, followed by some additional support information.
blog.pepper-advantage.ie
Pepper Advantage is to begin notifying over 9,000 residential mortgage customers of decreases in their variable mortgage rates over the coming days.
The decision to lower rates for certain customers follows rate reductions by the European Central Bank (ECB) and is based on the criteria set out in Pepper’s variable interest rate policy.
Rate decreases will range from 0.25% to 1%, and the majority of the customers receiving this initial reduction will receive decreases of between 0.35%-0.5%.
The current reductions apply to those Pepper Advantage customers who have seen the highest increases to date since the ECB incrementally started increasing rates in July 2022.
Pepper continues to review the situation for remaining customers and subject to further ECB rate reductions, expects to be in a position to notify more customers of reductions in their variable rates in due course.