We will no longer offer tracker mortgage rates to residential investment customers from start of business on September 2, read a statement issued to brokers last week.
Interest rates on tracker mortgages will rise for owner-occupiers. There will now only be one tracker rate for all loan-to-value (LTV) ratios greater than 80 per cent, with new customers facing an annual percentage rate of 6.1 per cent.
ICS has also decided to stop offering its standard variable rate and investment variable rate mortgage products for new business. The one year, fixed-rate mortgage has been removed for both home loans and residential investment loans, for new and existing customers.
Continue reading from source: ThePost.ie
