24 Mar 2025
Avant Money, has introduced a new variable-rate mortgage product tracked against a key eurozone lending rate.
The new "Flex Mortgage" is directly linked to the 12-month Euro Interbank Offered Rate (Euribor), which represents the average interest rate at which European banks lend money to one another and serves as a benchmark for various financial products.
Avant Money adds a fixed margin to the Euribor rate, which varies based on the customer's loan-to-value (LTV) ratio:
| Product | Benchmark Rate (Euribor) | Margin | Customer Rate |
|---|---|---|---|
| <80% LTV | 2.41% | 0.90% | 3.31% |
| >80% LTV | 2.41% | 1.10% | 3.51% |
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