Bank of Ireland has reversed mortgage rate increases it announced at the start of the year.
The bank is reducing its five-year fixed rate by 0.2pc to 3pc and its 10-year rate by a similar amount to 3.3pc for those whose property is worth at least 20pc more than the value of the loan.
Davys claims that they are reducing the fixed rates for non-cash back products, but I have not seen the details
Bank of Ireland (BOI) has announced several changes to its suite of mortgage products. It has introduced the first green mortgage product in Ireland, and increased investment to support a more environmentally-friendly economy should provide significant opportunities in the coming years. The reductions in rates are reflective of the lower rate environment, while introducing a non-cash-back product is likely aimed at the broker market where cash-back is not a material segment.
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