Sunday December 15, 2019

BoI adds 1 per cent interest to certain restructured tracker loans

Bank of Ireland says repricing is within ‘code of conduct’

3rd December, 2017

Bank of Ireland has put an extra 1 per cent interest rate on certain tracker mortgages which have been restructured, it has emerged.

The practice came to light in a parliamentary question submitted by Sinn Féin finance spokesman Pearse Doherty last week.

Doherty asked finance minister Paschal Donohoe if the practice “is within the spirit and letter of the code of conduct on mortgage arrears”.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Critics claim that payouts in medical negligence cases are far higher in Ireland than in many other countries. While some believe this is necessary to take care of catastrophically injured patients, others say the current system, which pits patients against doctors, needs a radical rethink

Susan Mitchell | 5 hours ago

Patient advocates are unhappy with the latest report on the national cervical screening programme and want further reviews, but some medical experts say resources would be better used elsewhere

Susan Mitchell | 1 week ago

Britain’s so-called ‘election of a generation’ is as muddled and confused as the Brexit debate that preceded it. On the ground in a number of constituencies, it proves difficult to take the temperature of this strangest of political contests

Susan O'Keeffe | 1 week ago