AIB becomes first major bank to pass on mortgage rate hikes

Fixed rates will rise by 0.5 per cent for new customers.

An AIB branch in Dublin city. Picture: Aidan Crawley

AIB has said it will raise mortgage rates, bringing up the cost of repayments for new customers.

The lender will raise its new fixed rates by 0.5 per cent across its AIB, EBS and Haven brands. The changes will not affect any of AIB’s variable or tracker mortgage rates, while existing fixed mortgage rates are also not affected.

The new rates are effective from close of business today. However, customers who draw down a ...