Mortgage holders are facing new increases with the news that another provider is raising interest rates.

Belgian-owned KBC Bank Ireland said it would raise its variable interest rates and increase fixed rates for new customers and existing ones seeking to move to a fixed rate.

From May 1st, variable rates will rise from 3.24 per cent to 3.65 per cent for owner-occupiers, and from 4.29 per cent to 4.50 per cent for investors.

Fixed rates for the mortgage company will move to between 3.45 per cent and 4.95 per cent for owner-occupiers from April 19th. Investors’ rates are rising to 4.99 per cent.