Bank of Ireland raises fixed interest rate on home loans by 0.25%

DUBLIN, Nov 10 (Reuters) – Bank of Ireland (BIRG.I) Following main rival AIB (AIBG.I) Mortgage rates rose after the European Central Bank began raising interest rates, with the cost of new fixed-rate mortgages increasing by just 0.25% on Thursday.

AIBs (AIBG.I)became the first Irish bank to raise fixed interest rates since the ECB began pushing interest rates at the fastest pace in history last month. He raised the new fixed interest rate by half a percentage point.

Meanwhile, Ireland’s third High Street lender, Permanent TSB (IL0A.I) The market’s non-bank mortgage lenders – ICS Mortgages, Avant Money and Finance Ireland – have increased the cost of their mortgage products in recent weeks.

Reported by Padraic Halpin. Edited by Jan Harvey

Our criteria: Thomson Reuters Trust Principles.

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