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First Time Buyer

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First Time Buyer

Buying your first home? We’re here to help. From saving for a deposit to mortgage approval, we are with you every step of the way.
First Time Buyer

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Ready for your next move? We can help you with your mortgage when you’re moving house or apartment.
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Thinking about switching? Switch your mortgage today and see how much you could save.
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Buying a rental property? We can help you reach your investment goals with our Buy-to-Let mortgage.
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Building a home? We can provide assistance for your property development plans with our Self-Build mortgage.
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Existing Customer

Our Flexi-Options make it easier for you to take control and manage your existing mortgage with payment breaks, overpayments and more. 1
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Open a MortgageSaver account and we’ll top up your savings by €2,000 bonus interest (less DIRT) at drawdown 2 (terms and conditions apply).

Why choose Bank of Ireland?

Cashback Plus

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Get 2% of your mortgage back as cash up front, plus 1% extra in 5 years for existing customers (subject to meeting the conditions of the mortgage).3


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We want to help you to make the most of your mortgage. Have a look at how you can flex your mortgage to suit your lifestyle with our Flexi-Options.

Green Mortgage

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Are you buying or building an energy-efficient property? Our Green Mortgage fixed interest rate gives you a discount of 0.20% off any of our fixed rate options.4


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 Choose from our range of competitive fixed and variable interest options that include fixed rates between 1 year and 10 years.

Get all the information on Buying, Looking and Saving for your First Home.

Read our articles, exclusively for First Time Buyers.

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The Home Stretch Podcast Series

Everything you need to know from saving to buying your first home.

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Mortgage Application Process

  • Step 1: Find out how much you can borrow

    With our easy-to-use mortgage calculator you’ll get an indication of how much you could currently afford to borrow.

  • Step 2: Talk to our mortgage specialists

    Make an appointment with a mortgage specialists in one of our branches or they can contact you at a time that suits you best.

  • Step 3: Save for your mortgage deposit

    If you’re a first-time buyer, you can apply for a mortgage of up to 90% of the value of a property. Remember there are other expenses such as stamp duty, legal fees, home insurance and life cover – so you’ll need to save for those costs too.

    Our MortgageSaver account2 is designed to help you save the deposit for your home.

  • Step 4: Start your application

    When you have your deposit saved, it may be time to apply for your mortgage. You don’t have to have a property in mind at this stage.

    Once you have started your application we’ll give you an outline of how much we could lend you based on the information you have provided (we call this a First Step Approval in Principle). We’ll also give you a list of the documents – salary information, bank statements, etc. – that you’ll need to provide so that your application can be fully assessed.

  • Step 5: Provide requested documents

    Mortgage lenders generally want to see proof of your income and a record of your finances.

    That means you’ll have to gather up documents like your payslips if you are employed and your most recent 2 years’ audited accounts if you are self-employed. If your accounts are not with Bank of Ireland you’ll also need to provide the last 6 months’ of your current account statements and 12 months’ savings account statements demonstrating regular saving. You can find a full list of the documents here.

    When you have provided all of the documentation needed to assess your application we’ll send you an acknowledgement of this too.

  • Step 6: Get Approval in Principle

    When your application is successful we’ll send you a formal ‘Approval in Principle’ letter. This means your loan is approved and you can go house shopping confident that your finance is in place. This approval generally lasts for 6 months.

    Approval in Principle however is not a loan offer so you can’t rely on it to enter into a sale contract.

  • Step 7: Find a home & complete your application

    When you have found a suitable property and your offer is accepted, get back in touch with us and we can finalise your mortgage application. We’ll then send you a formal Mortgage Loan Offer to buy your new property along with details of any final requirements before you can draw down your mortgage loan.

    For example, you’ll need to have a valuation carried out on the property by a valuer that we approve. We also always recommend that you get a property survey carried out for your own peace of mind as this can identify potential issues that you mightn’t otherwise see.

  • Step 8: Complete the purchase & get your keys

    Once all is in order, your solicitor will draw down your mortgage funds and arrange to transfer the property title on your behalf.

Frequently Asked Questions

Got a question? Our FAQs may help. Go to our Help Centre to see a full list of frequently asked questions.

  • COVID-19 Mortgage Payment Break FAQs

    Click here to see our Mortgage Payment Break FAQs

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  • What is a mortgage?

    A mortgage is a security over a house or land and sometimes over other types of property. For example, security in the form of a mortgage is usually given to a bank or building society to enable it lend to a borrower to finance the purchase of a property. A loan secured by a mortgage can be called a mortgage loan.

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  • What mortgage can I get?

    First Time Buyer

    If you have never purchased a property before you will be eligible for a First Time Buyer mortgage.

    A First Time Buyer is defined as a person who has never before, either on his or her own or with others, purchased a house, a site to build a house, or an apartment, in Ireland or abroad. In the case of a joint application, both parties must be first-time buyers for the mortgage to be a First Time Buyer mortgage.

    Movers and Switchers

    If you are moving house, see our Mover mortgage options.If you want to switch your mortgage from your current bank to Bank of Ireland our Switcher mortgage can make that happen.

    Green Mortgage

    Are you buying or building a property with a high level of energy efficiency? Now you can apply for Bank of Ireland’s Green Mortgage fixed interest rate.4


    If you want to get into the Buy to Let market, see our Investor mortgage.

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  • Where can I find a Variable Rate Policy Statement?

    View our Variable Rate Policy Statement.

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  • What is Tracker Mortgage Examination?

    Find out more about our tracker mortgage examination.

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  • What is TRS (Tax Relief at Source)?

    TRS applies to qualifying mortgage loans taken out between 1 January 2004 and 31 December 2012. From January 2014, Revenue will grant mortgage interest relief (where applicable) only on mortgage interest paid by a customer, rather than mortgage interest charged by the Bank. This is in line with the relevant legislation. As a result, Bank of Ireland will pay TRS only on the amount of mortgage interest that has been paid within the tax year.

    This means, if you do not make a mortgage repayment, or pay less than the amount of interest due on your mortgage, your TRS entitlement may be reduced.

    This change will have no impact for customers who make repayments that cover the interest charged to their mortgage account.

    If you have any queries about your TRS entitlement you can go to Revenue Commissioners.

    Call the TRS Helpline on 1890 463626 or email

    Bank of Ireland cannot accept responsibility for information on third party websites.

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Information and Legal notices ›

Contact Centre

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Pop into a local branch or a mobile manager can contact you.

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We can call you back at a time that suits you best.

Telephone iconCall 1890 365 345
Speak with one of our lending specialists Mon – Fri 8am-8pm, Sat 10am-2pm

The lender is Bank of Ireland Mortgages. 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 €615.79 per month at 4.2% variable (Annual Percentage Rate of Charge (APRC) 4.3%). APRC includes €150 valuation fee and mortgage charge of €175 paid to the Property Registration Authority. The total amount you pay is €148,114.60. We require property and life insurance. You mortgage your home to secure the loan. Maximum loan is generally 3.5 times gross annual income and 80% of the property value (90% of the property value for first-time buyers). A 1% interest rate rise would increase monthly repayments by €54.02 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.

Warning: The cost of your monthly repayments may increase.
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 in the future.

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

1 Three-month Payment break – up to three times during the life of your mortgage. To be eligible for a payment break your mortgage loan must be drawn down at least 2 years (if drawn in instalments, it must be at least 2 years since the final drawdown), there must be at least 12 months between payment breaks, and you must have complied with all the terms and conditions of the mortgage. At the end of the Payment Break period your repayments will be adjusted so that your mortgage will be repaid within its original term. At least 6 months must have past since your COVID-19 payment break if you took one.
You can make regular or lump sum overpayments of any amount to a variable rate mortgage. If you are on a fixed rate you can overpay up to 10% of your normal monthly repayment (or €65, whichever is greater), without cost. You can cancel regular overpayments at any time. Overpayments made are not refundable.
2 Available for first time buyers only who draw down a mortgage with us within 30 months of MortgageSaver account opening. MortgageSaver provided by Bank of Ireland. Bank of Ireland is regulated by the Central Bank of Ireland. Bonus Interest subject to DIRT at the prevailing rate, paid after drawdown. Details at Terms and conditions apply.
3 3% Cashback available to First Time Buyers, Movers and Switchers who draw down a new mortgage by 31 December 2020 and hold a Bank of Ireland current account. 2% Cashback on draw down of a new mortgage. 1% bonus in 5 years subject to meeting the conditions of the mortgage. Additional 1% bonus not available for Buy to Let Investment mortgages. Cashback is not available with the High Value Mortgage fixed interest rate. Terms and conditions apply.
4 Terms and conditions apply. Green Mortgage fixed interest rate available on qualifying mortgages with (first) drawdown between 18 July 2019 and 30 June 2021. At the end of the initial fixed rate period customers can choose from the normal interest rate options available to existing customers at that time. Not available to Switchers.