Independent: Feature our commentary on mortgage rate hike

We were mentioned in the Independent recently: THE country’s largest mortgage provider is abolishing fixed rate homeloans — leaving customers with no escape from future interest rate increases.

“Fixed rates will be pulled from the market or priced so high that they will not be a realistic option. This will leave people at the mercy of their banks,” financial adviser Karl Deeter of Irish Mortgage Brokers told the Irish Independent.

Mr Deeter also predicted other lenders would now withdraw fixed rates as banks continue to lose money on mortgages because they signed up thousands of people on trackers which they are now losing money on.

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