Interest rate reductions and a new fixed rate product for AHBs
Dear Sir/Madam,
The HFA is pleased to announce a reduction of its fixed interest rate products, for new business, from 01 October 2019, as follows:
| Fixed Rate Products | Existing Rate | New Rate |
| 10 Year | 2.50% | 1.75% |
| 15 Year | 2.75% | 2.10% |
| 20 Year | 3.00% | 2.15% |
| 25 Year | 3.50% | 2.25% |
Please note that the 25-Year New Build & Retrofit (EIB) Facility has now been amalgamated with the 25-year Fixed Rate Product.
We are also delighted to announce the addition of a new Fixed Rate Product which will also be available to AHBs from 01 October 2019:
| New Fixed Rate Product | New Rate |
| 30 Year | 2.75% |
Please note that all of the rates listed above will be available for new build and acquisition schemes.
Yours sincerely,
Daragh Johnston
Senior Lending Officer
