Category Archives: Mortgages

Interest rates ‘will have to rise sixfold in two years’

Interest rates will have to rise almost sixfold over the next two years to cope with rising inflation, business leaders have warned. It will bring financial pain to seven million home owners with floating interest rates who will see a … Continue reading

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Allied Irish Banks moves £7.9bn property loans to country’s ‘bad bank’

Allied Irish Banks has handed over property loans worth €9.3bn (£7.9bn) to the country’s bad bank as the lender’s debt was downgraded along with that of many of Ireland’s other major banks.

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