Tuesday 21 February 2017

EBS to hike its mortgage interest rate

Independent.ie Reporters

Published 17/06/2011 | 17:26

Mortgage holders with EBS are to be hit with a rate hike after the building society - which is about to merge with AIB - announced it is increasing its Standard Variable Rate mortgages.

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The 0.25% rise will see the SVR increase to 4.8%. It will come into effect from August 1.

It will cost homeowners an extra €12 per month, on an average EBS mortgage of €90,000.

The building society blamed the continued high cost of borrowing funds.

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