Bank of Ireland rate hike kicks in

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Bank of Ireland customers will see their monthly repayments increase following the bank's decision to raise 13,500 residential and buy-to-let tracker rates. The lender announced plans to increase rates in February this year with the use of “special conditions” in their mortgage offers. Two-thirds to the customers affected will see their rates increase to 2.49% over Bank of England base rate and then a further increase to 3.99% over bank rate on October 1. Trinity Financial has helped a number of Bank of Ireland customers remortgage away from the lender.

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