Housing

Finance Ireland mortgage interest rates jump above 6% after latest price hike

The move is in response to the rise in European rates, which have surged in recent months

The change will further push up monthly mortgage repayment costs. Picture: Rollingnews.ie

Finance Ireland, the country’s largest non-bank lender, has once again raised the cost of its mortgage loans.

The firm will increase the rate on its three-year fixed mortgage products by 0.75 per cent while the rate on its five-year fixed mortgage products will increase by 0.5 per cent.

The changes will apply from Thursday, March 16. The company said borrowers who have already received a loan offer at a lower rate by the effective date ...