Our Most Flexible Mortgage Ever
Additional Rate Features
- Split Mortgage Rate: put a portion of your mortgage on a variable rate and the remainder on a fixed rate – you decide the split.
- Movers: You can bring your Bank of Ireland fixed rate with you to your new mortgage loan without penalty subject to drawing down your new mortgage within 6 months of redeeming your old Bank of Ireland mortgage.
- Cashback Plus:1 get up to 3% cashback on your new mortgage for existing customers.
Other Flexible Options
- Overpayments: Make regular or lump sum overpayments of any amount to a variable rate mortgage. If you are on a fixed rate, overpay up to 10% of your monthly repayment (or €65, whichever is greater), without cost.
- No repayments in the first 3 months:2 take the first 3 months off your First Time Buyer mortgage. Learn More
- Payment Breaks:3 take a 3-month payment break up to three times over the life of your mortgage
- Skip Payments:4 skip up to 2 payments in a year
Terms & Conditions apply to Mortgage Flexible Options
The lender is Bank of Ireland Mortgages. Lending criteria and terms and conditions apply. Over 18s only. Mortgage approval is subject to assessment of suitability and affordability. You mortgage your property to secure the loan. We require property and life insurance. 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) but these limits may vary. A typical mortgage 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%). The total amount you pay is €148,114.60. APRC includes €150 valuation fee and mortgage charge of €175 paid to the Property Registration Authority. 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].
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.
13% Cashback is 2% Cashback paid on all new mortgages drawn down by 31st December 2019 plus an additional 1% in 5 years for First Time Buyers, Movers and Switchers who have a Bank of Ireland current account, subject to meeting the conditions of the mortgage. Cashback is not available with the High Value Mortgage fixed interest rate.
23 months’ deferred payment is optional and 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. 3 month deferral applies to mortgage repayments only.
3You can take a 3-month payment break up to three times over 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. Applications are subject to approval. Available on your Principle Private Dwelling only. Only available on annuity (standard capital and interest) repayment mortgages. At the end of the Payment Break period your repayments will be adjusted so that your mortgage will be repaid within its original term. I.e. your ‘Break’ repayments will be spread over your remaining mortgage, which means your new repayments will be higher than they were before the Payment Break. When you apply, we will send you a ‘Mortgage Form of Authorisation’ with full Payment Break terms and conditions for you to sign and return to us.
4You can spread your mortgage repayments in a year over 10 or 11 months and skip the other one or two. For example, if you would like to skip your repayment in December, we can arrange for your repayments to be higher for the rest of the year so that you will make your full 12 months’ repayments over 11 months. Once you select a skip month repayment option it will continue each year unless you ask us to change it. Subject to meeting the conditions of your mortgage. Lending criteria and terms and conditions apply.