Standard Variable Rate

The Standard Variable Rate for both Bank of Ireland Mortgages and Bank of Ireland UK is 4.74%.

If a decision is made to change the Standard Variable Rate, there’s no need to call us, affected customers will be informed in due course.

• 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.

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• 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.

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• 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.

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• 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).

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