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BANK OF IRELAND is increasing its fixed interest rates by 0.75% for all new mortgage loan drawdowns.
The latest increase follows a 0.25% increase on interest rates in November.
There will also be 0.5% increase for the fixed rates available to existing mortgage customers.
This includes customers who are coming to the end of their fixed rate period and are seeking to re-fix their mortgage, and tracker rate or variable rate customers who wish to move to a fixed rate.
The new rates will apply to all new Private Dwelling Home and Buy-to-Let fixed rate mortgage loans and will come into effect from today.
Variable rates and tracker rates remain unchanged, a spokesperson for the bank noted.
In an email sent to customers today, a spokesperson said the increase is due to the European Central Bank announcing a number of increases to its interest rates in recent months.
There has been cumulative increases of 2.5% in ECB rates since July 2022:
The email notes: “All new mortgage loans approved on or after this date will be subject to the new fixed rates.
“If you have already been approved for a new mortgage loan with Bank of Ireland, and if you draw down on or before 21 February 2023 you’ll be able to avail of the previous rates outlined in the below table.
“In order to draw down by 21 February 2023, all required documents must be submitted by 14 February 2023 and deemed valid by Bank of Ireland.
“If the mortgage loan can be drawn down in stages, the new fixed rates will apply if the first drawdown is made after 21 February 2023.”
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Lad probably fell out a window like all the other deceased Putin critics.
@Pat O’Leary: BBC reported that he fell from the hotel window. Funny how anyone that criticises that Tosspot Putin they end up out a window or end up having heart attacks or strokes.
Russian sausage tycoon Pavel Antov dies in Indian hotel fall https://www.bbc.co.uk/news/world-europe-64101437
The Russian elite must be restless at the moment wondering who is next? It wouldn’t surprise me to see Putin himself take a fall at some stage
Modi a supporter of Putin. Solved.
Advice to Russian Policy Critics: Stay away from windows or people with umbrellas. Just saying….
Obviously a 2 shots in the back of the head suicide
Putin must be getting nervous, what with so many people falling dead, like on the battlefield, out of windows, oops! my car just happened to blow up.. Putin and his ideological regime, must be stopped. They spin lies to their own people to cover their own psychopathic ideals.. “MURDERERS” oops! I must be next, mustn’t get too near a window.. watch the stairs etc.. The West was never a threat to Russia. But Russia under Putin is a pariah and can never be trusted again…
Someone living in a high rise needs to invite Putin over to see their new curtains.
Defenestrations of Odisha!
The body of the recently deceased Sausage Tycoon will be cremated next week.. 5 minutes on each side, it’s what he would have wanted
have your say