BANK OF IRELAND AND ICS BUILDING SOCIETY PASS ON 0.25% ECB REDUCTION

Bank of Ireland and ICS Building Society today (Thursday 7th of May 2009) confirm that we will pass on the full ECB rate decrease of 0.25% across Tracker, Standard Variable Rate and Variable LTV based mortgage products, for new and existing owner occupier homeloan customers.

Bank of Ireland and ICS Building Society today (Thursday 7th of May 2009) confirm that we will pass on the full ECB rate decrease of 0.25% across Tracker, Standard Variable Rate and Variable LTV based mortgage products, for new and existing owner occupier homeloan customers.

Speaking about the reductions, Jonathan Byrne, Head of Mortgages & Loans, Consumer Banking, said “We welcome this move by the European Central Bank, which we are passing on in full to our Variable owner occupier homeloan customers. This is more good news for potential home buyers. And together with our dedicated €1bn fund for first time buyers it is yet another positive step for those looking to buy their first home. We have a range of mortgage products both variable and fixed and all competitively priced, along with Mortgage Advisors in every branch, available and ready to work with customers on their particular mortgage requirements.”

Ends

7th May 2009

For reference
Sharon McDonnell
Group Consumer Communications Manager
Bank of Ireland
Tel: 01 604 3750