AIB: Up to 50,000 hit by rise in mortgage rates

Allied Irish Bank has announced around 50,000 homeowners are to be hit with a rise in mortgage interest rates.

AIB: Up to 50,000 hit by rise in mortgage rates

Allied Irish Bank has announced around 50,000 homeowners are to be hit with a rise in mortgage interest rates.

The bailed-out bank revealed its standard variable mortgage rate will increase by 0.5% to 3.25% tomorrow – just days after it recorded pre-tax losses of just over €2bn for the first half of the year.

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