Bank of Ireland fail to pass on reductions to existing customers
One of Ireland's leading lenders, Bank of Ireland have announced some rate reductions for new business customers.
Bank of Ireland's share of the mortgage market is coming under pressure from aggressive competition.
Unfortunately these reductions did not apply to existing customers, so if you were one of the banks new clients that rushed to close before Christmas you will not benefit from the New reduction.Your Stamp duty promotion will be quickly repaid to the bank over the coming years!
This is a reaction to one of our lenders, (AIB Group ) who reduced rates recently, but in their case the existing customers also received the benefit of the reduction.
Permanenet tsb also did not pass on recent rate reductions to existing customers.