Mortgage customers face a huge monthly hike in repayments with Finance Ireland after the lender announced a staggering round of rate increases.
They are the latest lender to up its mortgage rates in response to recent ECB hikes with further ECB rate increases likely to result in Ireland's main lenders following suite with hikes on holders.
Customers are already struggling with rising energy and fuel bills while food inflation is running at 10%. This latest rates increase will hit some families hard and may rule out some new customers waiting to draw down their mortgages.
