Another lender's announced its increasing its mortgage interest rates.
Permanent TSB says its fixed-term home loans for new customers will rise by 0.4% following the recent European Central Bank increases.
The change does not impact existing borrowers.
Anyone who has already been approved for a new mortgage by the bank will be given 90 days to draw down the loan at the current lower rate, but it will increase from February 15th.
The bank is not increasing its variable rate mortgages but rates will go up on some deposit accounts.
Retail Banking Director, Patrick Farrell says customers applying for a mortgage over €250,000 the increases range from 0.05% to a maximum of 0.45%.
"We are seeking to balance the reality of the increased interest rate environment with the need to provide a competitive offering to our mortgage customers and to provide certainty, in particular, to those customers who are already advanced on their mortgage journey," he said.
