Bank of Ireland to once again raise fixed mortgage rates

Bank of Ireland has announced plans to increase its fixed mortgage rates for the second time this year. This move comes amid rising market interest rates and follows a similar decision made by the bank back in May. The rate increase will affect both new and existing customers, with the bank citing increased costs as the reason behind the decision. Customers have expressed their frustration, as it will result in higher monthly repayments. This latest move highlights the ongoing challenges faced by Irish mortgage holders in a market experiencing rising rates and limited competition..

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Bank of Ireland to increase fixed mortgage rates again

Bank of Ireland has announced that it will once again increase its fixed mortgage rates. This move will apply to both new and existing customers and is in response to rising costs for the bank. The increase will range from 0.50% to 0.85%, depending on the term and loan-to-value ratio. The bank stated that the decision was made to ensure that the rates reflect the cost of providing mortgages in the current market. This news comes after several other Irish banks have also raised their mortgage rates recently, leading to concerns over affordability for homebuyers.

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