The latest round of standard mortgage variable (SVR) rate hikes will put pressure on more residential property developers to cut house prices, according to a senior mortgage broker.
He advised mortgage customers to ring their banks and check their rates tomorrow.
Michael Dowling, spokesman for the Independent Mortgage Advisors Federation (IMAF), said the rate hikes - which include Ulster Bank and First Active increases of 0.2 per cent, and a 0.25 increase for the state’s...
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