Permanent TSB have decided to increase interest rates by another 0.5% which will force struggling householders to pay an average of €85 extra per month with effect from the 3rd of August 2010. Permanent TSB have revealed that from this date homeowners on their variable rate will have to endure a 0.5% increase. This could mean an additional €100 a month for any householders currently paying a €300,000
mortgage. This increase is set to affect up to 80,000 consumers nationally however other main lenders such as AIB & Bank of Ireland are also set to follow suit with similar increases so the number of consumers due to be affected by such increases is set to be much higher. These increases have dealt consumers a body blow with many already struggling to keep up with repayments.
