Irish homeowners struggle to pay EU interest rates

Global Business

Some Irish homeowners are facing harsher bank loan terms. Critics say Europe’s biggest lenders are cutting deals with new mortgage holders while making existing clients pay for it. CCTV’s Lourda Sexton filed this report.

Irish homeowners struggle to pay EU interest rates

Irish homeowners struggle to pay EU interest rates

Some Irish homeowners are facing harsher bank loan terms. Critics say Europe's biggest lenders are cutting deals with new mortage holders while making existing clients pay for it. CCTV's Lourda Sexton filed this report. The average interest rate on standard variable mortgages across the EU is 2.09 percent yet many are paying rates of up to 4.5 percent.

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  • The average interest rate on standard variable mortgages across the EU is 2.09 percent yet many are paying rates of up to 4.5 percent.