Money Guide Ireland

It had to happen - NIB - who offered the lowest tracker rates for LTV’s under 80% - have withdrawn all tracker mortgages for new customers.
It is likely that they are losing money on many of the low rate trackers they issued in tha past 2 years. Many people managed to get rates of ECB […]

Recently BOI and AIB withdrew tracker mortgages - now EBS have followed suit and will stop offering trackers to new customers. NIB , Halifax and Bank of Scotland (Ireland) are the only lenders where new customers can get trackers. Halifax are still offering to contribute towards legal fees.

Following yesterdays article about lenders offering tracker mortgages - another Irish bank has pulled the plug on trackers. AIB (Allied Irish) said they will no longer be offering tracker mortgages to new customers.
That leaves NIB, EBS, Halifax and Bank of Scotland left offering trackers.

Probably due to media and government attention - it looks like all the Irish mortgage lenders are going to reduce their standard variable rates by the full 0.5% ECB reduction.
Bank of Scotland have decreased rates today - and all the others have announced they are doing so soon. Tracker rates will also fall by 0.5% […]

Many mortgage lenders have withdrawn tracker mortgages in 2008. According to the Irish Independent - Bank of Ireland and ICS are going to do the same - and stop offering tracker mortgages to new customers from October 10th.
Ulster Bank and First Active stopped offering new tracker mortgages back in September 2008.
Tracker mortgage rates move up […]