Standard Variable Rate

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

The Bank of England has recently changed the Base Rate. There’s no need to call us, if a decision is made to change the Standard Variable Rate, 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’ll start.

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• What happens to my payment if SVR changes?

  If the SVR was to go down, your monthly payment would reduce in line with this. However, if the SVR was to go up, your payment would increase.

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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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