A baby is cooked will save you about 312 euro every year, which adds up to a saving of about 7800 euro over the remaining term.

So very significant.

Saving a baby has also could its rate for first time buyers from 3.5% to 3.15%.

So let's say you're a first time buyer looking to buy a house for 300,000 euros. 00:00:54.640 --> 00:01:0.220 You pay your 10% deposit 30,000 year old, and you need to borrow the remaining 270,000 euro. 00:01:0.410 --> 00:01:2.520 Let's say you want to do so over 30 year term. 00:01:3.570 --> 00:01:3.880 Aye aye. 00:01:3.880 --> 00:01:15.400 B's new race will come in at 624 euro cheaper every year than the previous best rate in the market, which will add up to a saving of over 18,000 euro over the 30 year term.

So again, a huge saving available to first time buyers who go for this new low ray from a i g A B is also introduced a seven year fixed rate 3.5%.

For the first time, the bank has opted to introduce a fixed rate for this length of time.

So again, to return to our first time.

By our example, you're buying heads for 300,000 year on your borrowing 270,000 euro over 30 years.

You'll end up paying 1212 year old every month.

But you'll know that this is the exact demand to be paying for seven years.

And there's a lot to be said for the peace of mind that comes with knowing exactly what your repayments will be back time.

Some very significant changes here from a.

I be in the Irish mortgage market, and it'll be very interesting to see how the other banks react. 00:01:59.350 --> 00:02:8.270 To find out which mortgage rates are best for you, Whether you're looking to switch mortgages or whether you're a first time buyer, you could do so right now on Barker started e the links in the description.