Shake-up in mortgage market

Amid the rate rise gloom, there was finally some good news for home owners as National Irish Bank launched a competitive new product, writes Louise McBride, Personal Finance Correspondent.

21st October, 2006

There were mixed blessings last week for first-time buyers. Two o f t h e country’s top banks started to pass on the cost of the latest European Central Bank (ECB) rate rise to borrowers.

AIB increased its standard variable rate for mortgages from4.25 to 4.35 per cent. Bank of Ireland increased its standard variable rate from 4.44 per cent to 4.64 per cent.

Borrowers with tracker mortgages, where the interest rate automatically moves in line...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago