Menu
08/11/2011
National Irish Bank Increase Mortgage Rate
The National Irish Bank is set to raise its mortgage interest rate by 1%.
The variable mortgage interest rate will go up on Friday.
The move is in opposition to last week's decision by the European Central Bank to reduce its key lending rate by 0.25%.
Financial Regulator Matthew Elderfield has no direct powers to tell banks what mortgage rate to charge.
Taoiseach Enda Kenny said he will bring in laws to force lenders to lower rates.
(GK)
The variable mortgage interest rate will go up on Friday.
The move is in opposition to last week's decision by the European Central Bank to reduce its key lending rate by 0.25%.
Financial Regulator Matthew Elderfield has no direct powers to tell banks what mortgage rate to charge.
Taoiseach Enda Kenny said he will bring in laws to force lenders to lower rates.
(GK)
Related Irish News Stories
Click here for the latest headlines.
15 June 2015
Variable Mortgage Rates To Be Cut By 0.2%
Variable mortgage rates are to be cut by 0.20% it has been announced. The Board of the Housing Finance Agency (HFA) decided to decrease its rates at a meeting on Friday 12 June. Environment Minister Alan Kelly welcomed the decision. He said: "The current variable mortgage interest rate of 2.75% is already around 1.
Variable Mortgage Rates To Be Cut By 0.2%
Variable mortgage rates are to be cut by 0.20% it has been announced. The Board of the Housing Finance Agency (HFA) decided to decrease its rates at a meeting on Friday 12 June. Environment Minister Alan Kelly welcomed the decision. He said: "The current variable mortgage interest rate of 2.75% is already around 1.
24 March 2015
FF Call On Central Bank To Directly Engage With Mortgage Providers
The Central Bank has been urged to engage directly with mortgage providers in an effort to secure a reduction in the standard variable rate. Making the call Fianna Fáil finance spokesperson Michael McGrath said that "it is clear that there is a wide and growing disparity with existing customers on SVRs very much at the bottom of the pile.
FF Call On Central Bank To Directly Engage With Mortgage Providers
The Central Bank has been urged to engage directly with mortgage providers in an effort to secure a reduction in the standard variable rate. Making the call Fianna Fáil finance spokesperson Michael McGrath said that "it is clear that there is a wide and growing disparity with existing customers on SVRs very much at the bottom of the pile.
14 October 2011
'Stop Raising Mortgage Rates' Says Elderfield
Banks have been asked to stop raising standard variable rates on mortgages in a bid to relieve the problem of mortgage arrears.
'Stop Raising Mortgage Rates' Says Elderfield
Banks have been asked to stop raising standard variable rates on mortgages in a bid to relieve the problem of mortgage arrears.
09 October 2008
Bank Of Ireland Agrees To Pass On Savings
The Bank of Ireland has confirmed it will pass on its savings from Wednesday's interest rate cut to its mortgage customers. The cuts will apply to standard variable rate and tracker rate mortgage customers. The new standard variable rate will be effective from Monday, November 3.
Bank Of Ireland Agrees To Pass On Savings
The Bank of Ireland has confirmed it will pass on its savings from Wednesday's interest rate cut to its mortgage customers. The cuts will apply to standard variable rate and tracker rate mortgage customers. The new standard variable rate will be effective from Monday, November 3.
16 January 2009
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
-
Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
