Massive rise in ICS rates
30 August 2012
Ics, part of the Bank of Ireland Group, have announced a massive increase in rates for new and existing customers .Variable rates are now starting at 4.6% which is 1/2% increase and even more worrying is the rise for >80% loan to value mortgages to 4.8%.
This is disappointing but not unexpected. It is likely that others lenders will follow and we await news of Aib's rate rise which is expected early next week.
These rate rises will impact on house prices.