A Central Bank report on the cost of mortgages is likely to find banks are not charging exorbitant variable interest rates.
The Central Bank was ordered by the government to look at the disparity in standard variable rates (SVRs) in Ireland and the euro area. The government has called on the major banks to reduce their rates to alleviate pressure on mortgage holders.
Although standard variable rates here are about 4 per cent (compared with...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team