AIB to cut mortgage rates

AIB is cutting its fixed rate mortgages by up to 0.45 per cent.

Customers will also have the option to set their repayments for a decade under plans to introduce a 10 year fixed rate.

The move has surprised the industry as experts had predicted an end to mortgage rate reductions.

Business Journalist Vincent Wall says people need to be aware of the rules surrounding fixed rate mortgages.

-=-=

Debenhams has gone into administration.

The British department store chain’s lenders have now seized control of the company.

It means all its shares – including the 30 percent owned by Sports Direct’s Mike Ashley – are effectively worthless.

Nothing will change in the shops right now.

But as Sky’s business correspondent Adam Parsons explains – there are likely to be changes in future.

Related