AIB raises its fixed mortgage rates

Tuesday 15 March 2011 19.42
Mortgages - AIB blames higher cost of funding
Mortgages - AIB blames higher cost of funding

AIB has become the latest financial institution to increase its fixed interest mortgage rates. The bank says that rates for new residential owner occupier and buy-to-let mortgages will rise from close of business today

The bank says the increases are due to the increased cost of fixed rate mortgage financing.

The bank's one-year fixed rate for owner occupiers rises to 4.15% from 3.59%, while its five-year rate will increase to 5.35% from 4.39%.

AIB's one-year fixed rate for residential buy-to-let customers will increase from 4.59% to 5.15%, while its five-year rate rises to 6.35% from 5.39%.

The bank's two-year, three-year and four-year rates are also rising.