17 years after being withdrawn during the financial crash, Irish homeowners will soon be able to avail of a 'tracker type' mortgage. A new home loan is being offered by Avant Money, linked to the rate at which European banks lend to each other.
Tracker's were hastily pulled by the banks when interest rates plummeted in the late 2000's, and many financial institutions later went on to become embroiled in scandals when they refused to honour tracker rates for customers. Business editor Joe Lynam says Avant are keen not to have their new offering associated with that.
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