New Business Rates are effective from 23rd August 2016 and are subject to change. These rates are provided for information only. 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.
Warning: If you do not keep up your repayments you may lose your home
Warning: The cost of your monthly repayments may increase.
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.
Please note that this calculator gives indicative results for illustrative and guidance purposes only and is not an offer of a loan. Your mortgage may be subject to a loan to value or a loan to income limit under the Central Bank Regulations introduced in February 2015. You can contact us for more information as the limits may vary. There are lending criteria and terms and conditions and security and insurance are required.
APRC is the Annual Percentage rate of Charge
LTV is Loan to Value