The increase takes effect for existing customers on December 8 and for new borrowers today.
Bank of Ireland: A quarter-pointage-point increase in interest expense is planned for Bank of Ireland’s variable mortgage rate. The cost of a five-year variable rate mortgage will increase by 4.75 percent if the loan-to-value ratio is 80 percent or greater. The modification impacts approximately one in ten mortgage clients.
The increase takes effect for existing customers on December 8 and for new borrowers today.
The price increase signifies the initial adjustment to the bank’s variable rates subsequent to the European Central Bank’s (ECB) aggressive series of rate rises that commenced in July of the previous year. The ECB has raised interest rates by a cumulative 4.5 percentage points to date. Customers with tracker mortgages automatically receive this increase, whereas conventional variable rate borrowers do not. Since the ECB rate hike began, Bank of Ireland, led by CEO Myles O’Grady, has also previously increased the cost of its fixed rate mortgages by 1.25 percent to 1.75 percent.
The latest adjustment has no impact on the fixed and tracker rates offered by the bank.
Canada Student Loan borrowers who are finding payments difficult may get help through RAP. The…
The TFSA contribution limit for 2026 is $7,000. Canadians may have more room through unused…
The Medicare Trustees also project that the standard Part B monthly premium could rise from…
The 2026-27 FAFSA can still be submitted in September, but school and state deadlines may…
Alaska’s Permanent Fund Dividend has a September payment scheduled for eligible older applications.
New federal graduate loan limits may push students toward private lenders. Research suggests lenders could…