Bank of Ireland Mortgages Decrease 5 and 10 Year Fixed Rates
05-Oct-06Bank of Ireland Mortgages today, Thursday 5th October 2006, announced a 'special offer' on its home loan and investment 5-year and 10-year fixed rate mortgage products. The new reduced rates will take effect from start of business on Monday, 9th October for all new and existing customers.
This special offer delivers exceptional value to customers looking for market leading 5-year and 10-year fixed rate mortgages (see APRs below).
| Revised Fixed Rate: Home Loan | |||
|---|---|---|---|
| Product | Existing Rate | NEW Rate | APR |
| 5 year | 4.89% | 4.85% | 4.6% |
| 10 year | 5.19% | 4.99% | 4.9% |
Commenting on the rate decreases, Helen Cassidy, Marketing Manager, Bank of Ireland Mortgages said:
"Market conditions have allowed us to revisit our 5-year and 10-year fixed rates, delivering exceptional value to the customer over the long term as a result. This offer now places Bank of Ireland Mortgages as the market leader for 2-year, 4-year, 5-year, 10-year and 20-year fixed rate mortgages, providing excellent value for money options and greater choice to our new mortgage customers."
Bank of Ireland Mortgages also announced decreases to its 5-year and 10-year investment fixed rates for new and existing customers. The decreases will take effect from start of business on the 9th October 2006.
| Revised Fixed Rate: Investment | |||
|---|---|---|---|
| Product | Existing Rate | NEW Rate | APR |
| 5 year > €250k loan | 5.19% | 5.15% | 4.8% |
| 5 year < €250k | 5.19% | 5.15% | 4.9% |
| 10 year | 5.49% | 5.19% | 5.1% |
ENDS
Date: 5th October 2006
For reference:
Helen Cassidy
Marketing Manager
Bank of Ireland Mortgages
Tel:(01) 611 3525
Mobile:086 203 6707
Sharon McDonnell
Group Corporate Communications
Bank of Ireland
Tel:(01) 604 3750
Mobile:087 226 9324