Bank of Ireland Historical tracker rates?

thesteve

Frequent Poster
Messages
25
Does anyone have a table of historical tracker rates offered by BOI? We've just been informed we're in this redress scheme and I'm starting to do the math. They've moved us to ECB+1.6% and I have the mortgage history/interest on a per month basis in a spreadsheet and the difference calculated between what we paid and this new rate.
Back in 2008 we were offered
ECB* + 0.70% (Apr 5.00%) for 12 months rolling to ECB* + 0.90% (Apr 5.00%) for remainder of term but I'm guessing this rate would have changed over time and I'm interested to know those rate changes.

Any help would be appreciated!
 

TMH2017

Frequent Poster
Messages
61
my understanding is that BOI are putting people back on whatever the last tracker rate they were on , prior to any fixed rate or back to whatever tracker rate was mentioned in original documentation , they are not putting people back on what they were promised or what they expected to be put on at the time
 

Brendan Burgess

Founder
Messages
37,956
Hi Steve

Tracker margins usually remain the same - that is what a tracker is. The rate changes only when the ECB rate changes.

What did the letter actually say?
What did your contract say?

As far as I know, BoI tracker margins were always specified in the contract. So it wouldn't have mattered if they were charging new customers higher tracker margins.

Brendan
 

thesteve

Frequent Poster
Messages
25
Thanks for the quick replies. We were moved onto ECB+1.6% when what we were offered was what I posted above. Hence I presumed the rates changed over time (as our variable did) and wanted to map those out over time.
 

ragdal

Frequent Poster
Messages
70
Here's the ECB Rates I used for my calculations:

ECB Rate
Jan-09​
2​
Feb-09​
2​
Mar-09​
2​
Apr-09​
1.5​
May-09​
1.25​
Jun-09​
1​
Jul-09​
1​
Aug-09​
1​
Sep-09​
1​
Oct-09​
1​
Nov-09​
1​
Dec-09​
1​
Jan-10​
1​
Feb-10​
1​
Mar-10​
1​
Apr-10​
1​
May-10​
1​
Jun-10​
1​
Jul-10​
1​
Aug-10​
1​
Sep-10​
1​
Oct-10​
1​
Nov-10​
1​
Dec-10​
1​
Jan-11​
1​
Feb-11​
1​
Mar-11​
1​
Apr-11​
1​
May-11​
1.25​
Jun-11​
1.25​
Jul-11​
1.25​
Aug-11​
1.5​
Sep-11​
1.5​
Oct-11​
1.5​
Nov-11​
1.5​
Dec-11​
1.25​
Jan-12​
1​
Feb-12​
1​
Mar-12​
1​
Apr-12​
1​
May-12​
1​
Jun-12​
1​
Jul-12​
1​
Aug-12​
0.75​
Sep-12​
0.75​
Oct-12​
0.75​
Nov-12​
0.75​
Dec-12​
0.75​
Jan-13​
0.75​
Feb-13​
0.75​
Mar-13​
0.75​
Apr-13​
0.75​
May-13​
0.75​
Jun-13​
0.5​
Jul-13​
0.5​
Aug-13​
0.5​
Sep-13​
0.5​
Oct-13​
0.5​
Nov-13​
0.5​
Dec-13​
0.25​
Jan-14​
0.25​
Feb-14​
0.25​
Mar-14​
0.25​
Apr-14​
0.25​
May-14​
0.25​
Jun-14​
0.15​
Jul-14​
0.15​
Aug-14​
0.15​
Sep-14​
0.05​
Oct-14​
0.05​
Nov-14​
0.05​
Dec-14​
0.05​
Jan-15​
0.05​
Feb-15​
0.05​
Mar-15​
0.05​
Apr-15​
0.05​
May-15​
0.05​
Jun-15​
0.05​
Jul-15​
0.05​
Aug-15​
0.05​
Sep-15​
0.05​
Oct-15​
0.05​
Nov-15​
0.05​
Dec-15​
0.05​
Jan-16​
0.05​
Feb-16​
0.05​
Mar-16​
0​
Apr-16​
0​
May-16​
0​
Jun-16​
0​
Jul-16​
0​
Aug-16​
0​
Sep-16​
0​
Oct-16​
0​
Nov-16​
0​
Dec-16​
0​
Jan-17​
0​
Feb-17​
0​
Mar-17​
0​
Apr-17​
0​
May-17​
0​
Jun-17​
0​
Jul-17​
0​
Aug-17​
0​
Sep-17​
0​
Oct-17​
0​
Nov-17​
0​
Dec-17​
0​
Jan-18​
0​
Feb-18​
0​
Mar-18​
0​
Apr-18​
0​
May-18​
0​
Jun-18​
0​
Jul-18​
0​
Aug-18​
0​
 

thesteve

Frequent Poster
Messages
25
Thanks a million, I have them, it's what the standard BOI tracker rate they moved folks to over time was I'm looking for. E.g. it was ECB + 1 in Jan 2009, then they moved folks in the tracker to ECB + 1.5 in Jan 2011, etc.

Or is it the case that when they pulled it, they didn't offer it / change it anymore and only offered variable?
 

luckystar

Frequent Poster
Messages
130
It was literally a moveable feast and there's no set tracker margin for a particular period. I have a Boi mortgage and my now hubby took one out the same year - 2005. He's on a default 1.3% margin (he didn't know what a tracker mortgage was!) and I negotiated a 0.7% margin. I've heard of all sorts of margins from the same bank so there was no real standard rate
 
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