If you’re shopping for a mortgage in Ireland, you’ll know how overwhelming it can be to find the right fit. What if there was a new product that offered not just a competitive rate but also the flexibility to manage your mortgage on your terms? Enter Avant Money’s Flex Mortgage—the variable rate mortgage with a difference.
Whether you’re a first-time buyer or planning your next house purchase, this mortgage uniquely combines Ireland’s lowest variable rates with unparalleled transparency and flexibility.
This guide will break down everything you need to know about the Flex Mortgage and explain how IMC, as one of Avant Money’s trusted mortgage brokers, can help you unlock its benefits.
Why Choose Avant Money’s Flex Mortgage?
The Flex Mortgage isn’t just another loan—it redefines variable rate mortgages in Ireland. Here are the standout highlights that make it a game-changer:
1. Ireland’s Lowest Variable Rates
Competitive rates are what catch attention first. The Flex Mortgage offers variable rates starting as low as 3.30%, with an APRC of 3.37%. These rates stem from a benchmark rate of 2.40%, plus a margin of 0.90%. Lower rates mean reduced monthly repayments, significantly lowering financial stress while giving you room to breathe.
For mortgage seekers keen on long-term affordability, the appeal of these rates is hard to ignore.
2. Unmatched Flexibility
Imagine having the freedom to overpay your mortgage—or even change your mortgage product entirely—without incurring penalties. That’s precisely what the Flex Mortgage offers.
- Overpayments Without Penalties: If you get a work bonus or an unexpected financial windfall, you can use it to chip away at your mortgage faster, reducing your financial burden over time.
- Freedom to Switch Products: Not happy with the Flex Mortgage for any reason or want to explore other options? No problem! You can switch to another Avant Money mortgage product without penalty. One point to remember, though—it’s important to consider your decision because once you move off the Flex Mortgage, you might not be able to return to it.
3. Transparent, Simple Rates
Transparency is built into the Flex Mortgage, ensuring you have peace of mind at all times. Here’s how it works:
- Tied to the 12-Month Euribor Rate: The Flex Mortgage’s rate is linked to the 12-month Euribor, an interbank lending rate across Europe. The benchmark rate is established as the monthly average of the 12-month Euribor.
- Yearly Rate Updates: Your rate remains stable for 12 months and is then recalibrated annually based on Euribor market rates. This means your rate might go up or down, reflecting real-time market conditions.
Avant Money publishes the updated benchmark rate monthly, ensuring complete transparency. This refreshingly honest approach puts you in control, with no hidden surprises lurking in the fine print.
Key Benefits of the Flex Mortgage
By choosing a Flex Mortgage, you gain access to features that aren’t just innovative—they’re practical and empowering. Here’s a quick recap of its top benefits:
- Lower monthly repayments due to Ireland’s lowest variable rates (3.31% from a benchmark rate of 2.41% plus 0.90% margin).
- Flexibility to overpay your mortgage at any time with no penalties, helping you pay off your loan faster.
- No penalties for switching products, allowing you to explore other mortgage options within Avant Money when circumstances change.
- Transparent rate adjustments based on the 12-month Euribor benchmark, giving you peace of mind and predictability.
How Does the Flex Mortgage Work?
To understand why this mortgage is so groundbreaking, it’s essential to break down its two foundational elements:
The Benchmark Rate
The Flex Mortgage’s benchmark rate is tied to the 12-month Euribor, an external reference rate representing the average rate at which European banks lend money to one another. This connection to a recognized and widely published rate underscores the product’s integrity and transparency.
The Margin
The margin is fixed once you secure your mortgage offer, staying consistent throughout the lifetime of the mortgage. It combines with the benchmark rate to form your total variable rate.
This combination ensures your rates are still competitive while adjusting annually to reflect broader economic trends.
Take the First Step with IMC
Navigating the mortgage process can be complicated, but that’s where IMC steps in to make life easier. IMC is one of Avant Money’s appointed and trusted mortgage brokers. Here’s how working with us benefits you:
- Expert Guidance: Our mortgage professionals have extensive experience with Avant Money products and can demystify every step of the process for you.
- Impartial Advice: We prioritize your needs by offering unbiased, clear recommendations tailored to your unique circumstances.
- Time Savings: With our help, you can avoid dealing with confusing paperwork and lender jargon, saving considerable time and effort.
- Tailored Solutions: We take the time to fully understand your financial situation and goals, ensuring you secure the best mortgage product for your future.
The Flex Mortgage proves that variable rate loans don’t have to be rigid or overwhelming. By combining low rates, unmatched flexibility, and transparent practices, Avant Money has created a product that redefines what Irish homebuyers should expect from their mortgage.With IMC, you’ll have a dedicated partner to guide you end-to-end through the application process, setting you up for long-term financial success.
Don’t delay—your dream home could be just one step away. Contact IMC today to get started on your Flex Mortgage application and secure Ireland’s lowest variable rate.
