80,000 householders face mortgage payment hike

ABOUT 80,000 householders are to be hit with higher home repayments, it has emerged.

Permanent TSB, one of the country’s biggest mortgage lenders and one of the six banks guaranteed by the state, said its standard variable customers would be hit with a 0.5% hike from August 3.

The increase will add around €60 a month to a mortgage of €250,000, and it is the third time it has hiked its rates in a year and follows an EBS rate hike last week.