Bank of Ireland raises variable mortgage interest rates by 0.25%

For existing mortgage customers already on a variable rate, the change will be effective from December 8.

The increase in the Bank’s first change to its variable rates since the European Central Bank (ECB) started raising interest rates in July 2022.

Bank of Ireland is increasing its variable mortgage rates by 0.25% from today.

It means the rate will be in place for new mortgage customers or existing customers switching to a variable rate.