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Avant Flex Mortgage: Why Now Could Be The Right Time For Flexibility
In an environment where fixed rates have dominated the mortgage market for years, Avant Money has launched an innovative new option: the Avant Flex Mortgage. It’s a product that combines the best of fixed, variable and tracker mortgages, offering transparency, flexibility, and competitive pricing.
What is the Avant Flex Mortgage?
The Flex Mortgage is a variable-rate mortgage with a difference. It works by combining two elements:
- A benchmark rate: the 12-month Euribor (a European interbank lending rate), which is reviewed once a year.
- A fixed margin: agreed at drawdown and locked in for the life of your loan.
Your repayments are based on these two parts. While the benchmark rate can change annually, the margin never changes, giving you both stability and transparency.
Why the Avant Flex Mortgage is coming at the right time
The launch of the Flex Mortgage is well-timed, given the current interest rate environment and borrower behaviour:
- In 2024, more than 20% of new mortgages were drawn on variable rates, compared with less than 10% in 2022.
- As interest rates have eased over the last 18 months, confidence has grown that rates may continue to fall, or at least remain stable in the near term.
- Economists expect a period of stability in the coming months, making variable products like Flex more attractive than in recent years.
With the 12-month Euribor currently low, Avant can price Flex competitively, giving borrowers a way to combine lower starting repayments with the option to overpay or switch later without penalty.
Key features & benefits
| Feature | What it provides | Why it matters |
|---|---|---|
| Low starting rates | From 3.01% (for ≤80% loan-to-value); APRC 3.08% | Helps reduce monthly repayments compared to standard fixed or variable rates. |
| 12-month stability | Rate is fixed for 12 months, then reviewed annually | Repayments remain predictable for a full year at a time. |
| Fixed margin for life | Only the benchmark changes | Transparency and long-term clarity. |
| Overpayment freedom | Make lump-sum or regular overpayments anytime, no penalties | Pay off your mortgage faster and reduce total interest paid. |
| Switching flexibility | Switch to another Avant product later, no exit fee | Allows you to move if circumstances or market conditions change. |
How the benchmark rate works
The Benchmark Rate used in the Flex Mortgage is the 12-month Euribor (Euro Interbank Offered Rate). Avant Money publishes its benchmark rate monthly, on the 10th of each month.
When you draw down your Flex Mortgage, the rate you pay is:
Benchmark Rate at drawdown + Your fixed margin = Your Flex Mortgage Rate
The margin is agreed in your loan offer and will never change, while the benchmark can move up or down depending on market conditions.
This means your rate is transparent, easy to follow, and predictable, because the benchmark is public and only reviewed once a year for your mortgage.
Here’s an example of the published Flex Mortgage rates (valid from 10th September to 9th October 2025):
| LTV (loan to value)* | Benchmark Rate | Margin | Flex Mortgage Rate | APRC* | Cost per €1,000*** |
|---|---|---|---|---|---|
| ≤80% | 2.11% | 0.90% | 3.01% | 3.08% | €5.55 |
| >80% | 2.11% | 1.10% | 3.21% | 3.28% | €5.65 |
***Illustrative monthly cost per €1,000 borrowed based on a 20-year term.
Note: The Benchmark Rate is subject to change. The rate that will apply to your Flex Mortgage at drawdown will be Avant Money’s published Benchmark Rate on that date, plus the margin confirmed in your loan offer.
Who might the Avant Flex Mortgage suit best?
The Flex Mortgage may be a strong option if you:
- Are comfortable with some variability in your mortgage repayments.
- Want to benefit from a lower starting rate than many fixed products.
- Value flexibility: the ability to overpay or switch later without fees.
- Prefer fixed repayments for 12 months rather than adjusting more frequently.
- Are reviewing your mortgage as a fixed rate ends, or considering switching from a higher-rate product.
It may be less suitable if you:
- Need guaranteed certainty of repayments for several years ahead.
- Would find any increase in repayments difficult to manage.
How the Avant Flex Mortgage works step by step
- Application: Apply via your broker or directly.
- Drawdown: Your fixed margin is agreed, combined with the 12-month Euribor rate at that time.
- First 12 months: Your repayments are fixed for a full year.
- Annual reset: On your anniversary date, the benchmark is updated, and your repayments are recalculated.
- Flexibility throughout: Make overpayments anytime, or switch to another Avant mortgage without exit fees.
Avant Flex Mortgage FAQs
1. How often does the rate change?
Your Flex rate is reviewed once every 12 months, based on the 12-month Euribor.
2. Is Flex always cheaper than fixed rates?
Not always, but it starts from some of the lowest rates on the market (from 3.01%). Repayments may rise if the Euribor increases.
3. Can I overpay my mortgage without penalty?
Yes. You can make lump-sum or regular overpayments anytime, reducing your interest bill and shortening your term.
4. Can I leave Flex later?
Yes. You can switch to another Avant mortgage without exit fees. However, there is no guarantee you can return to Flex later.
5. Who is Flex best suited for?
Borrowers who are comfortable with some variability, want lower starting repayments, and value the ability to adjust or overpay without penalties.
Our final thoughts
The Avant Flex Mortgage combines competitive pricing, 12-month repayment stability, and genuine flexibility. For many borrowers, especially those reviewing their mortgage at the end of a fixed period or switching from higher rates, it represents a timely and compelling option.
Want to see if Flex could save you money? Contact us today for a personalised comparison through our experienced mortgage advisor team.
- Warning! If you do not keep up your repayments, you may lose your home.
- Warning! The cost of your monthly repayments may increase.
- Warning! You may have to pay charges if you pay off a fixed-rate loan early.
If you’d like a free, no-obligation consultation for your mortgage, pension or financial needs, get in touch here, call us on 01 6831673 or email us directly on info@symmetryfinancial.ie.
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