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Finance Ireland hikes variable mortgage rates after ECB’s raise

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Non-bank lender’s variable rates will rise to between 6.5 per cent and 6.95 per cent – some of the highest mortage repayment rates on the market

Finance Ireland, the non-bank lender, has increased its variable mortgage rates by 0.25 per cent, after the European Central Bank hiked rates once again at a meeting last month.

The move, which will come into effect from September 12, means that the company’s variable rates will rise to between 6.5 per cent and 6.95 per cent, depending on the loan to value ratio.

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