Bank of Ireland cutting fixed mortgage rates for customers [Video]

Bank of Ireland is cutting its fixed mortgage rates by 0.50% from today (19 November) for new and existing customers and for all homes with a Building Energy Rating (BER) from A to G.

The reduction announced means that a 4-year fixed rate is available from as low as 3.1% (dependent on BER), representing an annual saving of approximately €1,000 on a €300,000 mortgage when compared to the previous 4-year fixed rates.

Bank of Ireland is also introducing a new 1-year fixed-rate product (no cashback) with rates from as low as 3.3% for mortgages of €250,000 and over.

Alan Hartley, Director of Homebuying at Bank of Ireland, said: “Offering value to our customers is important so this 0.50% cut is being applied to our full suite of fixed rate products.

“These reduced rates are available to all new and existing customers from today and they apply all the way up and down the BER scale, not just to those homes …