Banks need to learn some home truths
Published 04/02/2011 | 05:00
THE impending interest rates hikes coming from Permanent TSB and others, not to mention the ECB rate rise later this year, will come as the final knockout punch for thousands of families across this country.
An ECB rise alone is going to affect over 400,000 homeowners who have tracker mortgages, but this would also be added on to the variable rate making it a double hit below the belt.
Individual and family finances are already struggling from the impact of income tax changes and the introduction of the new universal social charge.