Banking

Ulster Bank to raise fixed mortgage rates by 0.75% following ECB hikes

The lender said the decision would apply to to two, four and seven-year loans

Ulster Bank, which is in the process of exiting Ireland, said variable rate mortgage products are unaffected by the move. Picture: RollingNews.ie

Ulster Bank has announced an immediate 0.75 per cent increase in interest rates across a range of fixed mortgage packages.

The bank has made the decision, which will apply to to two, four and seven-year loans, in response to successive policy rate hikes from the European Central Bank (ECB) over recent months.

Ulster Bank, the NatWest-owned lender which is in the process of exiting Ireland, said variable rate mortgage products are unaffected by the move, ...