Linkedin
BOI-KBC banner
Marty Magennis

Marty Magennis

Bank of Ireland to impose second mortgage rate rise but deposit rates up too.

Bank of Ireland to impose second mortgage rate rise but deposit rates up too….

Fixed rates for new customers are to go up by 0.75 percentage points immediately. That move will add €125 to monthly repayments for a first-time buyer getting a €300,000 mortgage.For existing customers of the bank coming to the end of a fixed rate, the rise is 0.5 percentage points. This includes customers who are coming to the end of their fixed-rate period and are seeking to re-fix their mortgage, and tracker rate or variable rate customers who wish to move to a fixed rate.

Note : Below are extracts from an article published by The Irish Independent (24th January 2023) as referenced below.

Weston Bank of Ireland to increase its mortgage V2 rates againArticle 24-01-2023

Whether you are  looking to switch lender currently, keen to switch to a suitable fixed rate, are  a first time buyer or  moving home and should you have any concerns about the issues raised in this article,  or investing in a buy-to-let property, why not chat to a Seaspray Mortgage adviser today about finding the mortgage or rate that’s right for you:

tel.+353 83 099 0442     or email     john.finnamore@seasprayfs.ie

EON

Seaspray Financial Services Ltd trading as Seaspray Mortgages is regulated by the Central Bank of Ireland with registered number C165527

 

References

Weston, C. (2022) ‘Homeowners hit by rate rise as Permanent TSB raises interest on fixed rate mortgages’, Irish Independent, 18 November. Available at :  https://www.independent.ie/irish-news/homeowners-hit-by-rate-rise-as-permanent-tsb-raises-interest-on-fixed-rate-mortgages-42153755.html 

(Accessed 24 January 2023).

 

 

Share this post

Want to know more

Seaspray Mortgages offer a wide range of products to suit our clients needs. To learn more, please submit your details, and one of our trusted advisors will contact you.

Legal

Contact info

Regulations

See regulation statement on each Service page.

SUSTAINABLE INVESTING

We will consider adverse impacts of investment decisions on sustainability factors in our investment and insurance-based Investment advice.
We will gather your preferences of Sustainable Investing and build them into our Statement of Suitability for you. Ultimately, it is the Product Producers we have agencies with that build the Investment Products we advise on, and it will be their documentation we are relying on when advising you on Sustainable investments. All information re Sustainable Finance Disclosures will be adhered to by the Product Producers and their brochures and documents will outline their disclosures.

Seaspray Financial Services Ltd  is regulated by the Central Bank of Ireland.

Warning – If you do not keep up your repayments you may lose your home.
Warning – You may have to pay charges if you pay off a fixed-rate loan early
Warning – If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future
Warning – The interest rate on your loan may be adjusted by the lender from time to time. The cost of your monthly repayments may increase as a result.
Warning – If you have an interest-only mortgage the entire amount that you have borrowed will still be outstanding at the end of the interest-only period.

Ⓒ 2022 - Seaspray Financial Services | All Rights Reserved