Thousands at risk of rate hikes as AIB bars mortgage switchers... THOUSANDS of homeowners are effectively trapped with their existing lenders after the biggest bank in the country, AIB, admitted yesterday that it no longer accepts mortgage switchers. Just two lenders will now accept switchers, leaving thousands of homeowners trapped and vulnerable to being hit with higher mortgage rates. The AIB move is a huge blow to mortgage holders who are with Permanent TSB as it has increased its mortgage rates twice in the past six months, and those with Halifax, which is closing its retail operations here. AIB has the lowest home-loan rates in the market, with a standard variable rate of as low as 2.25pc and a three-year fixed rate of 3.19pc. In comparison, Bank of Scotland (Ireland)/Halifax has a three-year fixed rate of 7.25pc. Permanent TSB shocked homeowners this month when it pushed up its standard variable rate for existing customers by 0.5pc. Other lenders are now expected to follow the m
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