Ulsterbank recently upped the ante in the mortgage rate-war by reducing a suite of their rates, the story was covered in the Independent which also quoted Irish Mortgage Brokers.

Karl Deeter said the cuts represent the latest shot to be fired in the mortgage rate war.

“In response to Avant Money’s European-style rates, Ulster Bank has had to respond and now it means that other lenders are under even greater pressure to follow or beat these rates.”

He said this means customers will win. But they have to switch lender is they are paying high rates.