Permanent TSB becomes the last bank to hike interest rates

Bank of Ireland and AIB have already moved in response to European rate increases

A Permanent TSB branch in Dublin. Picture:

Permanent TSB has raised its mortgage rates, becoming the last major bank to increase its loan prices.

The lender announced this morning that it will raise its rates by an average of 0.45 per cent.

The change came into effect earlier today, and means its five year fixed rate for loans worth between 80 and 90 per cent of a property will rise to almost 4 per cent. The two year fixed rate for a ...