AIB to increase its fixed-rate mortgages by 0.5%

Changes will not affect any of the bank’s variable or tracker mortgage rates

AIB said more than half of their mortgage customers are already on a fixed-rate mortgage.

AIB said it will increase its fixed-rate mortgage products by 0.5% across its AIB, EBS and Haven brands.

The move follows the European Central Bank’s recent decisions to raise interest rates by 1.25% since July and the wider rising interest rate environment.