Bank of Ireland has informed brokers that it will be making changes to selected residential and buy-to-let (BTL) new business rates as of 9am tomorrow, Thursday 21st September.
To make space in its current range, the lender will also withdraw products at the same time.
Nicholas Mendes, mortgage technical manager at John Charcol said: “Bank of Ireland’s last reduction came on the 6th September, so this latest notice is long overdue in comparison to competitors continually repricing in the current market.
“With better-than-expected inflation figures today – markets are increasingly expected to hold following tomorrow’s MPC announcement.
“It will be interesting to see if lenders now bring in new rate reductions sooner than expected.”
