Interest rate reductions and a new fixed rate product for AHBs

Dear Sir/Madam,  

The HFA is pleased to announce a reduction of its fixed interest rate products, for new business, from 01 October 2019, as follows: 

Fixed Rate Products Existing Rate New Rate
10 Year  2.50% 1.75%
15 Year 2.75% 2.10%  
20 Year 3.00% 2.15%
25 Year  3.50%  2.25%

 Please note that the 25-Year New Build & Retrofit (EIB) Facility has now been amalgamated with the 25-year Fixed Rate Product.   

We are also delighted to announce the addition of a new Fixed Rate Product which will also be available to AHBs from 01 October 2019: 

New Fixed Rate Product  New Rate
30 Year 2.75%

Please note that all of the rates listed above will be available for new build and acquisition schemes. 

Yours sincerely, 

Daragh Johnston 

Senior Lending Officer