ING Direct hikes rates for owner-occupiers and investors

ING Direct has announced that it will increase its variable mortgage rates for owner-occupiers and investors.

ING Direct announced it will increase interest rates by 0.18 per cent across its variable owner-occupier and investor residential loan portfolio, effective 15 January 2016.

At that date, the variable interest rate on the Orange Advantage offset home loan for residential owner-occupier borrowers will be 5.02 per cent (5.21 per cent comparison rate).

On 25 September the bank increased its variable rates for property investors by 37 basis points.

Written by James Mitchell

Last Updated: 13 November 2015

Published: 13 November 2015