Bank of Ireland – tracker rate increase

Bank of Ireland have announced that they are to increase tracker rates for

thousands of existing customers.  The bank is writing to over 13,000 customers to

inform them of its plans.  For buy to let customers, the rate will jump from Bank of

England base rate plus 1.75% to base rate plus 4.49% from 1st May 2013 and for

residential customers the increase will be in two stages and will culminate in a new

interest rate of  base rate plus 3.99%  from 1st October 2013.