KBC set to increase mortgage costs

Belgian-owned KBC Bank has announced that it is to increase interest rates for standard variable rate customers by a quarter-percent from April.

The rate increase to 4.5% will result in monthly mortgage repayments increasing by €30 on a €200,000 loan.

The bank is also set to increase the cost of mortgage repayments for buy-to-let customers by quarter of a percent, which will increase to 5.15%.

 

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