Halifax Ireland has reduced interest rates on a number of its mortgage products, which, according to the building society, makes them some of the best-priced mortgages available in Ireland and could save customers up to E200 per month.

<p>Halifax Ireland has said that it is now offering customers the deepest tracker discount available in the mortgage market on its Switch and Save and Home Mover mortgages, which will save customers up to E200 on their monthly mortgage payments, or E27,558 over the life of the mortgage.<br /><br />The building society also claims to be the first lender to offer new customers the European Central Bank (ECB) rate, with no added margin for tracker mortgages with a loan-to-value (LTV) of 50%, for one year. It is also offering a 90 bps one-year discount across its tracker mortgage range. <br /><br />Halifax has further stated that, at 4.55% (4.65% APR), its new standard variable rate, which is available to both new and existing Halifax customers, is the best priced on the market.<br /><br />Chrissy Quinn, head of retail at Halifax, said: We believe these cuts in interest rates are immensely beneficial to Irish consumers who have recently been faced with considerable increases in mortgage payments and interest rates due to a string of ECB interest hikes.<br /><br />Customers can choose from a range of three discounted tracker products depending on their LTV and, according to the society, customers who Switch and Save can also receive E1,000 back on legal expenses, or opt for Halifax&#0039; approved title insurance providers, which offer a quick legal process. In addition, customers can also receive up to E150 to cover valuation costs.</p>