Homeowners with mortgages at AIB and EBS face hikes

Homeowners with variable mortgages at AIB and EBS are going to have to pay more for their repayments.

Homeowners with mortgages at AIB and EBS face hikes

Homeowners with variable mortgages at AIB and EBS are going to have to pay more for their repayments.

A rate hike announced in March comes into effect today.

Mortgages at AIB will go up by 0.4% - while those at EBS will go up by 0.25%.

The hikes come despite the ECB rate falling to a record low of 0.5%.

Other lenders have also failed to pass on last month's ECB reduction to customers on variables.

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