Customers hit by Bank of Ireland interest decision

Customers hit by Bank of Ireland interest decision

The rate of mortgage holders in arrears could be set to jump as Bank of Ireland raises it's mortgage costs.

The Irish Independent has revealed today that thousands of Bank of Ireland's standard variable rate customers will be hit with a 0.5% jump in interest rates.

This will result in repayments for some mortgage holders increasing by more than €1000 per year.

The rise will come into effect for existing customers on October 5th, when the interest rate will rise to 4.3%.


More in this Section

Kerry County Council to close public car parks and beach for Easter weekendKerry County Council to close public car parks and beach for Easter weekend

'Vulnerable' asylum seekers identified by Department of Justice, as NGOs warn of tensions over Covid-19'Vulnerable' asylum seekers identified by Department of Justice, as NGOs warn of tensions over Covid-19

Grassroots members encourage Fianna Fáil to enter 'National Emergency Government'Grassroots members encourage Fianna Fáil to enter 'National Emergency Government'

Five more coronavirus deaths in North as confirmed cases on island surpass 7,000Five more coronavirus deaths in North as confirmed cases on island surpass 7,000


Lifestyle

A travel show in Turkey and a look a the science of Coronavirus are among today's top picks.Thursday's TV highlights: Travelling in Turkey and the science of Coronavirus among today's top picks

More From The Irish Examiner