FAQs

When it comes to mortgages, there can be lots to think about. That’s why we’ve pulled together a list of our most frequently asked questions, to help you stay on top of things.

  • What is the difference between an SVR and a Tracker Mortgage?

    A tracker mortgage is a variable mortgage which tracks the Bank of England Base Rate (BBR). This means rates rise or fall in line with any changes to the BBR.

    A Standard Variable Rate (SVR) is set by the Bank of Ireland Group and can change at any time throughout the year.

    Did this answer your questions?

    Your answer helps us improve our Support Centre
    Thank you for your feedback!
  • How will I know if the SVR changes?

    If the SVR changes and you’re affected by this, we’ll write to you to confirm your new monthly payment and when this will start.

    Did this answer your questions?

    Your answer helps us improve our Support Centre
    Thank you for your feedback!
  • What happens to my payment if SVR changes?

    If the SVR was to change, your monthly payment would reduce or increase in line with this change.

    Did this answer your questions?

    Your answer helps us improve our Support Centre
    Thank you for your feedback!
  • What should I do if the SVR increases and makes my new payment unaffordable?

    We’re here to help as much as we can. Please give us a call at the earliest opportunity on 0800 169 9722 (Monday to Friday 9am - 6pm. Saturday 9am - 11.45am).

    Did this answer your questions?

    Your answer helps us improve our Support Centre
    Thank you for your feedback!