ICS Mortgages will cut interest rates for new and existing owner occupier customers by up to 0.15% next month.
The rate reductions announced on Tuesday follow a previous cut in rates announced by the lender in May, and come following the European Central Bank decision to reduce its borrowing costs earlier this month, the eighth consecutive cut in interest rates since June 2024.
The reductions in fixed mortgage rates at the lender will begin from July 4th and will be applicable to three and five-year fixed rates.
For new customers, three-year fixed rates will start from 3.85% (a loan to value of 80% reducing by 0.15%); five-year fixed rates will start from 4.15% (loan to value 80% reducing by 0.10%).
Existing ICS Mortgages variable rate customers will see a three-year fixed rate available at 4.10%, (loan to value 80% – reducing by 0.10%); a five-year fixed rate available at 4.25% (loan to value 80% reducing by 0.15%).
“We are pleased to introduce these rate reductions as part of our ongoing efforts to deliver value and support to our customers. At ICS Mortgages, our mortgages remain innovative and responsive to our customers’ needs,” said ICS Mortgages chief commercial officer Ray McMahon.
There will be no changes to interest rates for former Ulster Bank flexible mortgage customers who migrated to Dilosk DAC. ICS Mortgages is owned by Dilosk.
