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”.

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