AIB Hikes All Its Fixed Mortgage Rates Costing Homeowners Up To €300 More A Year

Friday, 14 October 2022 16:31

By Caoimhe Harney

Variable and tracker rates not being increased by the bank.

AIB has become the first of the three main banks to increase its mortgage rates in the wake of European rises.

The higher fixed rates are across the AIB, EBS and Haven brands, pushing up the cost of repayments on some fixed rates by €300 a year.

The 0.5 per cent rise will apply from the end of today to new customers on fixed and variable rates.

However, it won't apply to borrowings drawn down before November 14th.

AIB said the rises are in response to the European Central Bank’s ( ECB) decisions to raise interest rates by 1.25 percentage points since July.

Darragh Cassidy from Bonkers-dot-ie says this is just the beginning for mortgage holders in Ireland:

More from National News

Unpaid Eight-Month Work And Training Placement For Adults With Disabilities Branded "Extremely Unfair"

One Kildare mother told Kfm News that their child had been attending structured placements each weekday, typically from around 9:30am to 3pm, and in some cases carrying out tasks for up to two hours at a time - but are not receiving any form of payment.
Department Of Education Defends Kildare SNA Cuts Amid Claims Of Reduced Need At Some Schools

They said there "are many reasons why the level of need for SNA support in schools may fluctuate including falling enrolments, reduced or increased care needs and changing demographics as children move from primary to post-primary schools".
Naas Nurses Threaten Escalation As Staffing Row Deepens

Nurses spoke to Kfm News this week about issues they are dealing with on a daily basis.
Driving Tests Face Disruption As RSA Testers To Strike Next Week

The driving test centre in Naas is the only driving test centre in Kildare and attracts candidates from Kildare, Dublin, Wicklow and Laois.
Jury Delivers Not Guilty By Reason Of Insanity Verdict In Ballyfin Demesne Strangling Case

31-year-old Henry McGowan, from Brooklyn, New York, was found to be having a psychotic episode when he strangled his father to death at the 5-star hotel.
Gardaí Arrest Third Suspect As Part Of Investigation Into Multi-County Crime Spree, Including In Kildare

It’s alleged vehicles were stolen from advertisers across multiple counties - including Kildare - using fake payment methods.
Entire Country Under Status Yellow Ice Warning From Tomorrow

Met Éireann is warning temperatures could drop between -1 and -3 degrees, with hazardous conditions for drivers, pedestrians and other road users
Government To Review HAP After Report Finds No Homes Available Within Limits

The scheme offers money to people on a low income to help them find rental accommodation.