Irish home-buyers mortgage rates on average 1.5% higher than European consumers

3 D Personnel

Irish home-buyers are paying on average 1.5% more than European consumers for mortgages.  On a €300,000 mortgage, this could mean paying approximately €80,000 extra over the course 30 years.  Mr. Trevor Grant, chairman of the Association of Irish Mortgage Advisors, points out that of late there have been some improved offers.  Although his peers welcome the entry of Avant Money into the marketplace, it is generally felt that more competition is needed so as to breach the gap.  We look forward to further developments.

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