'We are pleased to introduce lower rates' - Irish lender announces mortgage rate cut

ICS Mortgages has announced reductions to its Buy-to-Let variable rate mortgage products.

The new variable rates will come into effect on August 1, 2024, reflecting what it says is its "commitment to supporting landlords and property investors with competitive mortgage options."

"Effective from the 1st August 2024, our Buy-to-Let variable rates will see a reduction of 0.15%.

"We will continue to monitor these rates."

Ray McMahon, Chief Commercial Officer at ICS Mortgages, announced,

"We are pleased to introduce these lower rates, demonstrating our ongoing dedication to delivering value to our customers. Lowering the Buy-to-Let variable rate helps us support property investors and landlords in providing essential services.

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"ICS Mortgages continues to offer outstanding service and flexible features and today’s announcement of a variable rate cut is in addition to our recent Owner Occupier rate reductions underscoring our continuous efforts to provide flexible mortgage products.

"Whether through our direct channel or our wide-reaching network of independent mortgage brokers, we are dedicated to providing exceptional mortgage solutions.

"As well as these rate reductions, at ICS Mortgages we continue to innovate our product suite accompanied by regular rate reviews."