ICS is putting up mortgage rates for new customers. Photo: GettyNon-bank lender ICS Mortgages is increasing its fixed mortgage rates for residential customers, in a move that has surprised the market. The changes will see fixed rates rise by between 0.25 percentage points and 0.45 points, depending on loan-to-value bands. Michael Dowling, of Irish Mortgage Brokers, said the announcement a of rate increases up to 0.45 percentage points by ICS is not welcome news for customers of ICS. “I do not believe other banks will follow suit as the reason for the increase relates to how ICS Mortgages sources money to fund its loan book.

Source: Irish Independent January 06, 2026 14:12 UTC