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MY | MONEY NEWS
Competition in the mortgage market looks set to intensify with the announcement from Avant Money that it is to begin offering a suite of long-term fixed rates, including the first 30-year fixed rate in the Irish market. | The One Mortgage products will enable borrowers to fix for the entire term of their mortgage, with rates for the 30-year term starting at 2.85% for a 60% Loan to Value (LTV) ratio. The move comes shortly after Finance Ireland said it would begin selling 20-year fixed rate home loans. | Kerry Group's shares rose today after it announced plans to sell its consumer foods' meats and meals business in the UK and Ireland to US food company Pilgrim's Pride for €819m in cash. | The meats business includes branded and private label meats, meat snacks, food-to-go and meat-free products in the UK and Ireland. The brands include Denny, Galtee, Richmond, Fridge Raiders and Rollover. | Revolut hopes to offer credit cards and loans to Irish customers by the end of the year, according to its chief executive. | However Nikolay Storonsky said it may be early next year before it can launch the products, with the exact timing dependent on the financial technology firm securing the adequate licences from the Central Bank. |||