BoI adds 1 per cent interest to certain restructured tracker loans

BoI adds 1 per cent interest to certain restructured tracker loans

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

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€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post