Tánaiste refuses to intervene with mortgage hikes

The Tanaiste has rejected opposition calls on the government to intervene to prevent AIB and EBS from increasing their standard variable mortgage interest rates.

The Tánaiste has rejected opposition calls on the government to intervene to prevent AIB and EBS from increasing their standard variable mortgage interest rates.

Eamon Gilmore said that while the rate hikes were bad news for mortgage holders - the decision was taken for commercial reasons.