Bank of Ireland is set to increase both its standard and Bespoke buy-to-let (BTL) rates as of 9am tomorrow, Thursday 2nd May.

In order to make room for these new rate increases, the lender will withdraw a number of its existing BTL rates, including 2- and 5-year Green buy-to-let fixed rates, as well as a number of buy-to-let Interest Cover Ratio (ICR) and top slicing products at 60% and 70% loan-to-value (LTV).

In its Bespoke buy-to-let range, the lender is also set to withdraw a number of 2-year and 5-year deals across both 60% and 75% LTV brackets.

For brokers looking to secure existing products, Bank of Ireland has urged that applications be submitted in full by 9am tomorrow morning.