BoI cut mortgage rates

Bank of Ireland has announced a range of rate cuts across its portfolio of home loan and investment fixed-rate products.

The reductions vary from 0.25% to 0.75% across the two categories. "Our new three year rate and five year rate - at 3.95% and 4.45% respectively - are the lowest available in the market," said Marketing Manager, Olive Moran.

"We believe they will be very appealing to any customer looking for the certainty that a fixed rate offers." The one-year fixed rate for new business is unchanged, but existing customers on a variable rate can now avail of a one-year fixed rate of 3.5%. This marks a reduction of 0.19%.