Non-bank lender ICS has become the latest mortgage provider to increase its interest rates.
The lender is increasing its fixed mortgage interest rates for owner occupier mortgages by between 0.60% - 1.00%.
It said its variable rates will rise by 1.25% across all loan-to-value (LTV) bands.
ICS buy-to-let mortgage rates will increase by between 0.15% - 1.25%, depending on the product and the LTV band.
The changes will kick in for variable and new fixed rate applications from May 1.
The company said those with an existing fixed rate mortgage will not be impacted by the revisions.
Any applicants who have an offer of a fixed rate mortgage from the company will not be affected once the money is drawn down by April 30.
"These rate increases reflect the evolving interest rate environment and the ongoing upward pressure on the cost of financing both fixed and variable interest rate products," owner Dilosk DAC said.
"As a prudent and sustainable lender, ICS Mortgages remains committed to offering competitive mortgages and we will continue to review our position on interest rates on an ongoing basis," it added.
Last week the European Central Bank raised its rates by a further 0.5%.
ICS gets its funding from international markets, where the cost of finance has been rising rapidly in response to actions by central banks.
