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Nationwide increases mortgage rate

Irish Nationwide - Rate to increase to 4.4%
Irish Nationwide - Rate to increase to 4.4%

Irish Nationwide Building Society has become the latest lender to increase its standard variable mortgage rate.

The increase will come into effect on 1 May.

The Building Society said its variable mortgage rate will go up by 0.65 percentage points to 4.4%.

It said this will add an extra €34 to monthly repayments on a €100,000 mortgage over 20 years.