National Irish Bank has announced that it is withdrawing its range of ECB tracker mortgages due to rising costs associated with such products.
NIB said the service was withdrawn at the close of business yesterday, but insisted that existing tracker mortgage customers will not be affected by the move. The bank will also honour approved applications.
In a statement released this morning, NIB said that it had been reviewing its tracker mortgage business, including its LTV Tracker Mortgage, for some time.
