New blow for homeowners as Ulster Bank hikes fixed rates

We were mentioned in the Independent today in a story by Charlie Weston regarding fixed rate mortgages and how some banks are effectively restricting them for existing clients who may now be stuck on a variable rate.

Irish Mortgage Brokers director Karl Deeter said the bank was effectively now out of the fixed-rate market, as new customers could only get a fixed rate if they were borrowing less than half of the value of the home.

He added that only a small number of existing borrowers would qualify for a fixed rate, but with the rates so high nobody would take them up.

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