Bank of Ireland UK offers mortgage holidays for residential and buy-to-let borrowers
The Bank of Ireland has confirmed it will provide mortgage payment breaks of up to three months during the COVID-19 outbreak – this will be for both buy-to-let and residential borrowers.
BOI will also provide similar breaks for those with personal loans and car finance.
In addition it confirmed that the payment breaks will not affect customers’ credit files.
Ian McLaughlin, chief executive, Bank of Ireland UK, said: “We know that the services we provide are critical during this very challenging time and we have a range of dedicated supports in place for customers. Customers should contact us directly if they feel they will be impacted financially by COVID-19.
“The safety and welfare of our colleagues and customers and the continuity of our services remains our priority. We will continue to play our part by working with government and the wider industry in response to the threat posed by coronavirus.
“The Bank is monitoring the COVID-19 situation closely and has contingency planning in place in the event of disruption to services. Further updates will be provided as the situation develops.”
This support is also available to mortgages provided by Bank of Ireland UK through its partnership with the Post Office.