Bank of Ireland SVR rate ?

Scottjh

I go onto this in a couple of months but cannot seem to find the SVR rate anywhere.

Anybody know or even better have a link where I can keep an eye on it ?

IFA_In_Surrey

2.99%

Unfortunately, they don't show their SVR on their website, so it's difficult to keep an eye on it without phoning them up

nicolemarie

It is available from the home page of website bankofirelandmortgages.co.uk
In red box on right hand side.
(Sorry, can't post link as new user)

Joe_Bloggs

As nicolemarie said http://www.bankofirelandmortgages.co.uk/
J_B.

Scary_

Beware though. My Bank of Ireland SVR mortgage has just been offloaded to 'The Mortgage Works' and will change to their Residental Mortgage Rate of 4.79%. They've delayed this until at least March but no doubt it will rise at the first opportunity.

I'm surprised they can do this, although my mortgages have been shifted between companies over the years this is the first time I've not been on a fixed rate

justice4people

Check out the thread titled: BOI and the mortgage works

It discusses the take over of BOI mortgages by the mortgage works (TMW) who has now made a lending decision to increase from 2.99% SVR to 4.79% SVR. This is almost double what some people have been paying.

Personally, I don't think this is acceptable, after all TMW knew what they were taking on- BOI could have doubled our SVR rate to make a profit!

There needs to be a community spirit in getting this issue raised and 3 months notice advising of almost double increase in SVR is inappropriate.

Scary_

Thanks for that J4P, I did have a quick look for a thread on the subject but have found it now.

I've gone to a 2.44% SVR from a fixed rate of just over 6% over the last 6 months but it's still a shock to find out that it's going to go back up. Fortunately I don't think that the amount per month extra I'll have to pay is that much but that's not really the point.

justice4people

Hunt to find account holders of BOI transferred to TMW.

If you like me are affected please contact:
Mortgage hike to hurt 14,000 homeowners with the Bank of Ireland



Money's mortgages editor Simon Lambert is investigating this issue further. Please email him at [EMAIL="editor@thisismoney.co.uk"]editor@thisismoney.co.uk[/EMAIL], marking Bank of Ireland and Simon Lambert in the subject line.


Please reply as we need as much support on this as possible. We only have a couple of months to raise full objection on this matter with TWM.