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Marty Magennis

Marty Magennis

Bank of Ireland to increase its mortgage rates.

BANK of Ireland is to increase the interest on its fixed-rate mortgages for new customers. Rates on fixed are to rise by 0.25 percentage points.

Note : Below are extracts from an article published by The Irish Independent (10th November 2022) as referenced below.

Weston Bank of Ireland to increase its mortgage rates Article 10-11-2022

 

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) ‘Bank of Ireland to increase its mortgage rates’, Irish Independent, 10 November. Available at :  https://www.independent.ie/business/personal-finance/property-mortgages/bank-of-ireland-to-increase-its-mortgage-rates-42133660.html

(Accessed 11 November 2022).

 

 

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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.

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