Permanent TSB customers with variable rate mortgage will see the rates they are paying increase by between 0.05 per cent and 0.4 per cent.
This is the first change in non-tracker rates announced by any Irish lender since the European Central Bank raised its rates by a further 0.25 per cent last week. In total, the ECB has now increased its main rate by 4 per cent since last July.
The bank's standard variable rate is set to climb by 0.35 per cent to 4.3 per cent from 31 July. Meanwhile, the loan-to-value based Homeloan Managed Variable Rates (MVRs) will rise by between 0.05 per cent and 0.4 per cent, bringing MVRs to between 3.8 per cent and 4.3 per cent.
