Bank of Ireland has made changes to select rates in its ‘Bespoke Product Switch’ range, effective from tomorrow, Tuesday 21st November 2023.
In its 60% loan-to-value (LTV) bracket, the lender launched a 2-year fixed rate at 5.22%, with an annual percentage rate of charge (APRC) of 7.7%, including a £1,495 product fee.
The bank will also offer a 5-year fixed rate at 5.17% until 31st January 2029, with an APRC of 7.0% and £1,495 product fee.
The Bank of Ireland is also set to introduce a 2-year fixed rate of 5.29% until 31st March 2026, at 75% LTV. The overall cost for comparison, inclusive of a £1,495 product fee, includes early repayment charges (ERCs) of 3% until 31st March 2025.
Furthermore, a 5-year fixed rate at 5.25% until 31st January 2029 will also be available, featuring an APRC of 7.0%.
For products in the 85% LTV bracket, the bank will be offering a 2-year fixed rate of 5.59% until 31st March 2026, carrying an APRC of 7.8%.
In addition, a 5-year fixed rate at 5.38% until 31st January 2029 will be introduced, featuring an APRC of 7.1%.
In order to make space in its range for these new products, the Bank of Ireland will withdraw some products at the same time.
To secure a product that is being withdrawn, applications must be completed and submitted by 9am tomorrow, Tuesday 21st November 2023.
