AIB Increasing Mortgage Rates

AIB have finally decided to increase many of their mortgage rates. Allied Irish is the last Irish lender to raise mortgage rates – many others have already increased rates over the past 3 months because of higher borrowing costs between banks (The Credit Crunch as it has been called by the media). See our Best Buys for the Lowest Mortgage Rates

From June 16th the AIB Tracker Rates will rise by 0.40% for new customers. The lowest tracker from AIB is now 5% (ECB plus 1%)
Their 3 Year Fixed Rate remains unchanged at 5.25% and the standard variable rate also remains at 5.25%

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1 yr Fixed was 5.50% now 5.95%
2 yr Fixed was 5.15% now 5.75%
4 yr Fixed was 5.20 now 5.75
5 yr Fixed was 5.20 now 5.65