Small wooden house on green

SYS Group lender Haven Mortgages cuts four-year ‘green mortgage’ rate to 2%

The Irish Times announced that SYS Group mortgage lender Haven, has significantly reduced its mortgage rates. 

These lower and more competitive rates will benefit prospective mortgage applicants as well as current holders. The rates include;

  1. 4 year ‘green’ fixed rate at 2%
  2. 3 year fixed at 2.35%

Mortgage broker update

AIB subsidiary Haven has cut its four-year fixed “green mortgage” rate to 2 per cent, and dropped its standard three-year fixed rate to 2.35 per cent.

Both rates will be reduced by 0.15 of a percentage point from Tuesday. The green mortgage rate is available to customers whose homes have a BER rating of B3 or higher regardless of loan-to-value (LTV) ratio. Haven launched the green mortgage in 2020.

The standard three-year rate has been cut to 2.35 per cent from 2.55 per cent for both existing customers and and new ones.

“Haven now offers the most competitive green mortgage in the market, available to all new and existing customers regardless of their loan to value,” said Kieran Tansey, managing director of Haven.

On the basis of the average mortgage drawn down last year – €242,000 – over 20 years, the new green mortgage rate would mean monthly repayments of €1,222. Monthly payments on the standard 2.35 per cent rate for the same mortgage would be €1,262.

Read the article in full, here

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