Saturday 20 January 2018

EBS to hike its mortgage interest rate Reporters

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.

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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