Building societies Irish Nationwide and Haven/EBS have decided not to pass on recent cuts in the European Central Bank (ECB) rates to property investor customers who have standard variable rate mortgages.
A spokeswoman for EBS confirmed yesterday that the October cut in ECB rates was not passed on to buy-to-let investors. The society is reviewing whether or not to pass on last week's rate cut to investors with standard variable rate mortgages.
Continue reading frmo source: Independent.ie
