B of I cuts mortgage rate

BANK of Ireland has lowered its one year fixed rate mortgage from 6.4 per cent to 5.95 per cent

BANK of Ireland has lowered its one year fixed rate mortgage from 6.4 per cent to 5.95 per cent. Under the new rate, borrowers will pay £7.12 per £1,000 a month over the first 12 months of the mortgage. The bank has also announced the suspension of the 0.5 of a percentage point arrangement fee on this mortgage.

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