Bank of Ireland hikes interest rates by 0.25% on its fixed-rate mortgages

No change for variable rate customers

The move follows AIB which increased rates by 0.5% on its fixed-rate products.

Bank of Ireland has announced a 0.25% rate increase for its fixed-rate mortgage products.

The bank said the new fixed rates are effective immediately and apply to customers who draw down new mortgages from the Bank. However, new 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 2022, can avail of the lower rate up to that date.