In suit with a lot of other mortgage lenders, Bank Of Ireland have today announced that they are withdrawing rates on residential products and replacing them with new higher rates. This increase of Bank Of Ireland mortgage rates follows a long line of mortgage lenders bumping up their rates as a result of rising inflation.
Here are the changes that Bank Of Ireland have announced so far:
Withdrawn Rates At 90% LTV
- 74% Fixed until 31/10/2029 followed by our Standard Variable Rate for the rest of the mortgage term. This is currently 4.99% variable 4.5% APRC £0
- 2 yrs 3.75% Fixed until 31/10/2024 followed by our Standard Variable Rate for the rest of the mortgage term. This is currently 4.99% variable 9% APRC £0
- 2 yrs 3.95% Fixed until 31/10/2024 followed by our Standard Variable Rate for the rest of the mortgage term. This is currently 4.99% variable 9% APRC £0
- 5 yrs 3.79% Fixed until 31/10/2027 followed by our Standard Variable Rate for the rest of the mortgage term. This is currently 4.99% variable 6% APRC £0
Withdrawn Rates At 95% LTV
- 92% Fixed until 31/10/2029 followed by our Standard Variable Rate for the rest of the mortgage term. This is currently 4.99% variable 4.6% APRC £0
- 2 yrs 4.12% Fixed until 31/10/2024 followed by our Standard Variable Rate for the rest of the mortgage term. This is currently 4.99% variable 9% APRC £0
- 2 yrs 4.34% Fixed until 31/10/2024 followed by our Standard Variable Rate for the rest of the mortgage term. This is currently 4.99% variable 0% APRC £0
- 5 yrs 4.00% Fixed until 31/10/2027 followed by our Standard Variable Rate for the rest of the mortgage term. This is currently 4.99% variable 7% APRC £0
The bank will also be withdrawing a selection of Help to Buy and First start mortgage products and rates.
New Rates At 90% LTV
- 95% Fixed until 31/10/2024
- 2 yrs 4.15% Fixed until 31/10/2024
- 5 yrs 3.89% Fixed until 31/10/2027
- 5 yrs 3.99% Fixed until 31/10/2027
- 7 yrs 3.94% Fixed until 31/10/2029
New Rates At 95% LTV
- 32% Fixed until 31/10/2024
- 2 yrs 4.54% Fixed until 31/10/2024
- 5 yrs 4.04% Fixed until 31/10/2027
- 5 yrs 4.19% Fixed until 31/10/2027
- 7 yrs 4.12% Fixed until 31/10/2029
The bank has also replaced some of the Help to Buy products and increased interest rates on 80 and 85% LTV products too.
If you or anyone you know either has a Bank Of Ireland mortgage or wants to discuss mortgage rates, please feel free to give our team a call today to discuss your options.
