Cashback offer

Get money back on your mortgage with our Cashback offers.


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What is the Cashback offer?

We have two Cashback offers:

Cashback Plus

With Cashback Plus, you’ll get 2% of your mortgage back in cash after you draw down your Bank of Ireland mortgage and an extra 1% back after 5 years if you stay with us and meet your mortgage conditions. It’s our way of saying thank you for choosing us and is handy for when you need to pay professional fees or to help furnish your new home.

2% Cashback

With 2% Cashback, you’ll get 2% of your mortgage back in cash when you draw down your Bank of Ireland mortgage.

The payment will be made into the current account you use to pay your mortgage within 45 days after you draw down your loan in full.





Who can get the Cashback offer?

You can get the Cashback Plus offer if you:

  • Are a first-time buyer, moving, switching mortgages, or building your own home
  • Choose a fixed-rate mortgage
  • Draw down a new mortgage to buy a home to live in yourself (in the Republic of Ireland)

You can get 2% Cashback if you:

  • Are a buy-to-let or equity release customer
  • Choose a fixed-rate mortgage
  • Draw down a new mortgage to buy a property or release equity on an existing property (in the Republic of Ireland)

Please note:
Terms and conditions apply (see below). Our Cashback offers are not available with our High Value Mortgage (HVM) fixed interest rate or our standard variable rate.

Why choose us for a mortgage?

Competitive rates

Our competitive interest options include variable rates and fixed rates up to 10 years. Use our calculator or view our rates table to help decide your rate.

MortgageSaver account

First-time buyers can get €2,000 bonus interest (less DIRT) on your savings when you draw down your Bank of Ireland mortgage. Terms and conditions apply.1

Deferred start option

You can choose to defer your first three monthly repayments (if approved). Repayments will be higher afterwards so the loan is repaid within the original term. You’ll need a life insurance policy for 102% of the loan. Terms and conditions apply.2

Better BER, better fixed rate

Enjoy an EcoSaver fixed interest rate linked to your Building Energy Rating (BER). The better your BER, the better your fixed interest rate. Terms and conditions apply.3

Flexible repayments

Control your mortgage repayments to suit your lifestyle with our mortgage flexi-options. Terms and conditions apply.


Plan your budget with our mortgage calculator

Get an idea of how much you can afford to borrow and plan your budget with our mortgage calculator.

Try our mortgage calculator


What makes us different?

Manage your mortgage

We have two dedicated mortgage portals; one designed to help you view your mortgage details and the other to allow you make changes to your existing mortgage.

Manage my mortgage

Choose how you apply

You can talk to us about your mortgage journey online, in-branch, or over the phone.

Start application now

Watch, listen, learn

We have lots of useful videos and podcasts to help you better understand the mortgage process.

See our mortgage content

Cashback Plus terms and conditions

  • The Cashback Plus offer is available to you if:
    You use your mortgage loan to buy a home in the Republic of Ireland to live in yourself (as a first-time buyer or mover).
    OR
    You switch your mortgage loan to us from another lender (outside the Bank of Ireland Group) by re-mortgaging the house you live in.
  • The Cashback Plus offer is available when you choose a fixed rate for your mortgage. Cashback Plus is not available with our High Value Mortgage fixed interest rate or our standard variable interest rate.
  • The 2% Cashback payment will be 2% of the amount you borrow. The payment will be made into your mortgage-paying current account within 45 days of drawing down your mortgage.
  • The 1% Cashback payment at the end of year 5 is 1% of the mortgage loan amount you originally drew down. The 1% Cashback payment will be made into your mortgage-paying current account within 45 days of the fifth anniversary of your mortgage drawdown.
  • To qualify for the payment of 1% in year five:
    1. The mortgage loan must still be owing on the fifth anniversary of your mortgage drawdown;
    2. You must have made all of your mortgage payments in full and on time;
    3. You must have met all of the other obligations set out in your mortgage loan documents;
    4. You must still live in the home you mortgaged to secure the loan on the fifth anniversary; and
    5. We must not have agreed or arranged to allow you make any reduced mortgage repayments or stop making repayments for any time. If you qualify to take a three-month payment holiday and avail of it, it does not affect your entitlement to the 1% Cashback payment at year five.
  • If you draw down your mortgage in stages (for example, for a self-build):
    1. The final drawdown must be made within 18 months of the first drawdown. If you choose to not draw down the full amount noted in your offer letter, you must tell us within 18 months of the first drawdown;
    2. The 2% Cashback will be paid within 45 days of the final stage drawdown and will be 2% of the amount you borrow.
    3. Any additional lending is excluded from the calculation (like a top-up mortgage loan).
    4. The 1% Cashback payment after year five is 1% of the amount you borrowed at drawdown. The 1% Cashback payment will be made into your mortgage-paying account within 45 days of the fifth anniversary of the final stage drawdown.

We do not need you to use your Bank of Ireland current account to make your mortgage repayments or to pay your salary into that account.

The Cashback Plus offer is not available for:

  • Top-up mortgages (equity release);
  • Any mortgage to buy a property to let or for investment (buy-to-let);
  • Any mortgage where you do not borrow as a consumer, or;
  • Any High Value Mortgage fixed interest rate or our standard variable rate mortgage.

We reserve the right to withdraw the Cashback Plus offer at any time at our discretion. For example, to reflect any changes in law or regulation, or how they are interpreted.

2% Cashback terms and conditions

  • The 2% Cashback offer is available to you if:

    You use your mortgage loan to buy a home in the Republic of Ireland to live in yourself (as a first-time buyer or mover), or if you switch your mortgage loan to us from another lender (outside the Bank of Ireland Group) by re-mortgaging the house you live in. You can also use your mortgage loan to top-up an existing mortgage, or to buy a property to let or for investment.

  • The 2% Cashback offer is available when you choose a fixed rate for your mortgage. Cashback is not available with our High Value Mortgage fixed interest rate or our standard variable interest rate.

  • The 2% cashback payment will be 2% of the amount you borrow. The payment will be made into your mortgage-paying current account within 45 days of drawdown of your mortgage.

If you draw down your mortgage in stages (for example, for a self-build):

  • The final drawdown must be made within 18 months of the first drawdown. If you choose to not draw down the full amount noted in the offer letter, you must tell us within 18 months of the first drawdown;
  • The 2% Cashback will be paid within 45 days of the final stage drawdown and will be 2% of the amount you borrow;
  • Any additional lending is excluded from the calculation (for example, a top-up mortgage loan);

We do not need you to use your Bank of Ireland current account to make your mortgage payments or to pay your salary into that account.

We reserve the right to withdraw the Cashback offer at any time, at our discretion. For example, to reflect any changes in law or regulation, or how they are interpreted.


Warning: If you do not keep up your repayments you may lose your home.
Warning: You may have to pay charges if you pay off a fixed-rate loan early.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Warning: The cost of your monthly repayments may increase.

 

The lender is Bank of Ireland Mortgage Bank u.c. or Bank of Ireland. Lending criteria and terms and conditions apply. A typical mortgage to buy your home of €100,000 over 20 years with 240 monthly instalments costs €613.16 per month at 4.15% variable (Annual Percentage Rate of Charge (APRC) 4.3%). APRC includes €150 valuation fee and mortgage charge of €175 paid to the Tailte Éireann. The total amount you pay is €147,482.50. We require property and life insurance. You mortgage your home to secure the loan. Maximum loan is generally 3.5 times gross annual income (4 times gross annual income for first-time buyers) and 90% of the property value. A 1% interest rate rise would increase monthly repayments by €53.89 per month. The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home. Available to over 18s only. The mortgage will be subject to assessment of suitability and affordability. APRC calculations are based on the cost per month on a €100,000 mortgage over 20 years.

The lender is Bank of Ireland Mortgage Bank u.c. or Bank of Ireland. Lending criteria and terms and conditions apply. A typical buy-to-let mortgage of €100,000 over 20 years with 240 monthly instalments costs €650.63 per month at 4.85% variable (Annual Percentage Rate of Charge (APRC) 5.1%). APRC includes a fee for the bank’s solicitor of €950 plus VAT at 23% plus outlay of up to €350. The total amount you pay is €157,669.65. We require property insurance. You mortgage the property to secure the loan. Maximum loan is generally 70% of the property value. A 1% interest rate rise would increase monthly repayments by €55.55 per month. The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home. Available to over 18s only. The mortgage will be subject to assessment of suitability and affordability. APRC calculations are based on the cost per month on a €100,000 mortgage over 20 years.


Information and legal notices

Legal and regulatory information for mortgages.

View information and legal notices


1 Available for first-time buyers only who draw down a Bank of Ireland mortgage within 30 months of opening a MortgageSaver account. You must save a minimum of €200 for at least six consecutive months and save a minimum of €5,000 in total into your MortgageSaver account before drawing down your mortgage. MortgageSaver provided by Bank of Ireland. Bank of Ireland is regulated by the Central Bank of Ireland. Bonus interest is subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate, paid after drawdown. Details at bankofireland.com/mortgagesaver. Terms and conditions apply.
2 Three months’ deferred payment is optional and is available to first-time buyers, movers, switchers and equity release customers subject to approval. After the deferred payment period, repayments are adjusted to repay the loan within its original term. The cost of the loan will be higher. A life policy is required for an amount equal to 102% of the loan. Terms and conditions apply.
3 The EcoSaver fixed interest rate provides customers with discounts based on their Building Energy Rating (BER). The better the BER, the better the discount. The EcoSaver fixed rate is available to all customers, if you're new to Bank of Ireland or already have a mortgage with us. You can get the EcoSaver fixed interest rate if you are borrowing to buy a home for yourself or your family, an investment property to let, or you're switching your mortgage loan to us from another lender. You must supply a valid BER certificate to take advantage of the EcoSaver fixed rate. Available with fixed rates only. Terms and conditions apply.

Bank of Ireland Mortgage Bank u.c. trading as Bank of Ireland Mortgages is regulated by the Central Bank of Ireland.