Tag Archives: variable mortgage rates


Investec set to enter the Irish mortgage market

A new lender is set to offer cheaper mortgages as it enters the Irish market. International bank, Investec, plans to become the first new player to enter the Irish market since the financial collapse in 2008. The bank already operates here offering savings accounts and stockbroking services. It’s been reported that it plans to offer [...]

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Deputy Michael McGrath

McGrath warns against raising mortgage rates to 5% or 6%

The prospect of standard variable mortgage rates for AIB customers rising to between 5% and 6% will send shivers down the spine of thousands of people, according to Fianna Fáil’s finance spokesperson Deputy Michael McGrath. The Cork-based TD was responding to comments made by AIB CEO David Duffy at last week’s Oireachtas Finance Committee meeting [...]

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Bank of Ireland plays down fears that mortgage rates could rise

Bank of Ireland has quashed an early morning newspaper report that it was set to increase its variable mortgage interest rate when new legislation on personal debt comes into effect. A report in today’s Irish Independent claimed that the new personal insolvency legislation, which will allow some struggling mortgage holders to free themselves of debt, [...]

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