Finance Ireland customers are facing a €300 a month hike in their mortgage payment following the latest rate increases by the European Central Bank.
The ECB has raised its rates by 1.25% over the last few months, with further raises likely before the end of the year.
The Finance Ireland hikes will apply immediately to new customers. Those who are in the process of getting the mortgage with this institution will be subject to the old rate if the mortgage is drawn before October 14th.
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