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.
- How will I know if the SVR changes?
- What happens to my payment if SVR changes?
- What should I do if the SVR increases and makes my new payment unaffordable?