Introducing Avant Money’s New Flex Mortgage: A Game-Changer for Irish Borrowers

A new era of mortgage flexibility has arrived in Ireland with the launch of the Avant Money Flex Mortgage. This innovative product offers borrowers the benefits of a variable rate, transparent pricing linked to Euribor, and the ability to switch to a fixed rate at any time – all without penalties.

What Makes the Flex Mortgage Unique?

The Avant Money Flex Mortgage is designed for homeowners who want to take advantage of falling interest rates while maintaining the option to lock in a fixed rate later if needed. Here’s what sets it apart:

• Euribor-Linked Rates: The interest rate is tied to the 12-month Euribor rate, which is updated monthly, plus a set margin based on Loan-to-Value (LTV).
• Market-Leading Rates: With current Euribor rates at around 2.4%, the Flex Mortgage adds a margin of 0.9% for loans with an LTV under 80% and 1.1% for LTVs over 80% – making it one of the most competitive options available.
• No Penalties for Overpayments: Borrowers can make lump sum payments or even redeem their mortgage in full without incurring penalties.
• Flexibility to Switch: Homeowners can convert to an Avant Money fixed-rate mortgage at any time at no cost, providing security in case interest rates rise.

Why Now? Falling Interest Rates & Market Trends

Mortgage Navigators’ Managing Director, Margaret Barrett, highlights that variable and short-term fixed rates are gaining popularity in Ireland. According to recent Central Bank data, borrowers are hesitant to lock into long-term fixed rates while ECB interest rates are on a downward trend.

“The Euribor rate is transparent and openly published, giving Flex Mortgage customers peace of mind with predictable repayments, a highly competitive rate, and the flexibility to move or adjust their loan without penalty,” Barrett explains.

Who Can Benefit?

The Avant Money Flex Mortgage is ideal for:

• Borrowers who anticipate falling interest rates and want to benefit from lower repayments over time.
• Homeowners who can overpay due to bonuses, inheritances, or windfalls and want to reduce their mortgage faster.
• Customers seeking transparency and flexibility in their mortgage terms without being locked into long fixed-rate agreements.

How to Apply

The Avant Money Flex Mortgage is available exclusively through brokers, with Mortgage Navigators among 15 select firms offering this new product from April 1st, 2025.

Margaret Barrett emphasizes the significance of this product: “This type of mortgage is already popular across Europe, and Avant Money is the first lender to bring this level of choice and value to Ireland.”

For expert mortgage advice and to explore if the Flex Mortgage is right for you, contact Mortgage Navigators at www.mortgagenavigators.ie or call 0818 628 628