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Your personal finance questions – Will I keep my interest rate after my mortgage is transferred to the Bank of Ireland?

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QI have a fixed-rate mortgage with KBC Bank. My mortgage is being transferred to the Bank of Ireland but I find that their interest rates are higher than my current rate. What does that mean for me? Will my rate go up?

A Consumer protection laws in Ireland mean that the Bank of Ireland is contractually obliged to honor the fixed rate consumers have agreed with KBC, according to Annette Moore, head of mortgages at broker MMPI Financial Services.

https://www.independent.ie/business/personal-finance/your-personal-finance-questions-will-i-keep-my-rate-after-my-mortgage-is-transferred-to-bank-of-ireland-41672373.html Your personal finance questions – Will I keep my interest rate after my mortgage is transferred to the Bank of Ireland?

Fry Electronics Team

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