As expected the European Central Bank has increased its rates again, this time by 0.25% to 1.5%
This will mean an increase of 0.25% for those on tracker mortgages. We must wait and see how much the banks now raise their variable rates on the back of this.
A 0.25% increase will result in a rise of around €15 per €100,000 borrowed so a €300,000 mortgage holder will have to come up with around €45 per month extra for their mortgage repayment.
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This will mean an increase of 0.25% for those on tracker mortgages. We must wait and see how much the banks now raise their variable rates on the back of this.
A 0.25% increase will result in a rise of around €15 per €100,000 borrowed so a €300,000 mortgage holder will have to come up with around €45 per month extra for their mortgage repayment.
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