As expected – following rate increases from EBS and PTSB – the 2 “main” banks in Ireland have jumped on the bandwagon and increased variable mortgage rates.
Bank of Ireland increased their rate by 0.45 % to 3.49 %.
ICS (BOI broker arm) has increased its rate by 0.6 % to 3.64 %
AIB has increased variable mortgage rates by 0.5% (SVR rises from 2.75 % to 3.25 %
That equates to an increase of 18%
These increases follow similar rises by EBS – who increased its rate by 0.6 %, up from 3.23 % to 3.83 %. Permanent TSB also rose rates this month by 0.5 per cent to 4.19 %
Tracker Mortgages are not affected.