BoI's fixed-rate rescue offer may cost borrowers thousands, warns broker

Brennan, Henry
November 2012
Money Marketing;11/15/2012, p68
The article reports on the possibility that borrowers could pay additional interest payments if they accept an offer from the Bank of Ireland (BoI) to drop their fixed-rate mortgage early. An unnamed broker believed that while the Aldemore mortgage from the BoI has a lower fixed rate, borrowers would pay more than double the rate in the future. But a spokeswoman from the BoI clarified that clients are under no obligation to accept the offer.


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