Banks are poised to embark on a cycle of fresh mortgage rate rises, borrowers have been warned.Bank of Ireland announced yesterday it was increasing its new fixed rates by 0.25 percentage points with immediate effect. This followed a 0.5 percentage point rise from AIB to its fixed rates.
Note : Below are extracts from an article published by The Irish Independent (11th November 2022) as referenced below.Weston Collins Borrowers should prepare for a new cycle of mortgage hikes Article 10-11-2022
Whether you are looking to switch lender currently, keen to switch to a suitable fixed rate, are a first time buyer or moving home and should you have any concerns about the issues raised in this article, or investing in a buy-to-let property, why not chat to a Seaspray Mortgage adviser today about finding the mortgage or rate that’s right for you:
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Weston, C. and Collins, S (2022) ‘Bank of Ireland to increase its mortgage rates’, Irish Independent, 11 November. Available at : https://www.independent.ie/business/personal-finance/property-mortgages/borrowers-should-prepare-for-a-new-cycle-of-mortgage-hikes-by-the-main-banks-42135722.html
(Accessed 12 November 2022).