Bank of Ireland increases mortgage rates by 50%

Updated

Rui Vieira/PA Wire

Approximately 100,000 Bank of Ireland and Bristol & West customers face a 50 percent increase in the interest rate on their mortgages, it has been revealed today.

The bank is set to increase its standard variable rate (SVR) from 2.99 per cent to 4.49 per cent by September this year.

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