Banking

Bank of Ireland increases rates on fixed mortgages by 0.25%

The lender is the second of the three main banks to increase its mortgage prices

A woman walks past a Bank of Ireland ATM. Picture: Rollingnews.ie

Bank of Ireland has raised the interest rate on new fixed rate mortgages by 0.25 per cent.

The new fixed-rates are effective immediately. However, customers who already have a written quote from the bank for a lower fixed rate, and who draw down a new mortgage by 9 December, can avail of the lower rate up to that date.

The lender said the change is only for new applicants. Existing mortgage customers - fixed, tracker ...