Yes – it’s not a typing error – Bank of Scotland Ireland have increased mortgage rates for new applicants as from today.
The rate for LTV under 80% is now 4.55% – it was previously 3.65% .
Fixed rates have also all risen – the 3 year fixed rate mortgage was 4.99% and is now 5.89% .
Bank of Scotland Ireland is part of the same group as Halifax – HBOS .
Halifax has also increased mortgage rates in Ireland (the second time in recent weeks) . They have put rates up today by 0.9% for new customers . (Variable and fixed rates have risen). Halifax also appear to have withdrawn any financial help for mortgage switchers – but with those rates they won’t be getting anyone switching to them anyway.
The banking group had some bad press recently in the UK because after a UK government bail out it was giving better rates in Ireland than in the UK.