AIB to hike mortgage interest rates

AIB to hike mortgage interest rates

AIB is hiking its mortgage interest rates, and those of its subsidiaries.

Variable rate customers at AIB will see their rate increase by 0.4% from June.

Those with variable rate homeloans from EBS and Haven will have to pay an extra 0.25%.

In a statement AIB said that it does not anticipate any further rate hikes this year.

The move will not effect those on tracker mortgages, with the ECB expected to make a further rate cut shortly to a record low of 0.5%.

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