nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Child Item

Banks raising Fixed Mortgage rates?

Bleating Lamb

I see that ECB are raising their rate by .75% and was reading an article saying how tracker mortgages would be affected straight away but that Irish banks were yet to decide whether to increase rates on variable and fixed rates mortgages.

Is it in the small print that they can change your interest rate on a ‘fixed’ mortgage?…..seems a bit strange or maybe I’m taking it up wrong.

Find more posts tagged with

Quick Links

Comments

helimachoptor

Zero chance of them not marking fixed rates up for the new customers, the jumps are too big

walterking

https://www.boards.ie/discussion/2058262542/banks-raising-fixed-mortgage-rates

It was this type of misunderstanding that caused the tracker issue.

If you have a fixed rate mortgage at present, it CANNOT be changed by the bank

The report is stating that fixed rates on offer for NEW fixed rate agreements are going to be changed.

dontmindme

https://www.boards.ie/discussion/2058262542/banks-raising-fixed-mortgage-rates

New drawdowns. For those with loan offers, I'm wondering when the new rates will kick in and in some cases would some offers be withdrawn?

walterking

https://www.boards.ie/discussion/comment/119592595#Comment_119592595

It's the rate on the day of drawdown.

Sometimes they allow some leeway.

dontmindme

https://www.boards.ie/discussion/comment/119596317#Comment_119596317

Yes indeed, they'll have a cut-off date for the older rates, but will the new rates lead to any reconsideration of loan offers by the lender?

Bleating Lamb

Thanks for the replies …..glad we fixed mortgage a back in June.

walterking

https://www.boards.ie/discussion/comment/119596353#Comment_119596353

No as they are already stress tested