AIB to raise variable rates by 0.5%

N

NorfBank

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AIB is to increase rates for variable mortgage holders by 0.5 per cent from close of business tomorrow.
The rise will apply to loan to value variable and standard variable rate mortgages. Fixed rates will also rise for new business.


www.moneybackmortgages.ie
 


How far can they go before a uk bank comes in and cherry picks?
 
NorfBank said:
The rise will apply to loan to value variable and standard variable rate mortgages. Fixed rates will also rise for new business
Click to expand...

what about fixed rates for existing customers who are on variable rates?
Is it possible that the variable rate is going up 0.5% but that the fixed rates will remain the same (for existing customers who later decide to move to a fixed rate)????
I've listened to all the reports on this but have'nt heard 1 which clarifies this for me.

But I suppose it's a gimme that if the variable goes up, the fixed rates rise by the same rate usually
 
AIB do not differentiate between new and existing customers in relation to fixed rates.
Fixed rates will increase.
 
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