Bank of Ireland Mortgages announces interest rate increases

Bank of Ireland has today (Thursday 1st May 2008) announced interest rate increases across its Fixed and Tracker Rate mortgages on Homeloan and Residential Investment Loans.

There are changes of between 0.10% and 0.35% across a range of Fixed and Tracker Homeloan rates for new business. In addition there is an increase of 0.55% on the 1 year fixed rate for homeloans. There are increases of up to 0.40% on Residential Investment Loans.

Commenting on the rate increases Brendan Nevin, Director, Personal Lending, Bank of Ireland said

"The cost at which banks borrow has continued to increase over the last number of months. We have been monitoring this situation very closely, and today we are moving our rates to reflect the current market conditions".

These rate changes are effective from Friday 2nd May 2008.

Click here for rate table.

For further information contact:
Sharon McDonnell
Group Consumer Communications Manager
Bank of Ireland
01 6043750