Mortgage flexi-options


Skip up to two payments a year

If you’d like a little extra cash to spend at certain times of the year, you can spread 12 months of mortgage repayments over 10 or 11 months and ‘skip’ the other one or two.

How does it work?

Say you’d like to skip your December repayment to have extra cash for Christmas gifts and celebrations. We’ll increase your repayments for the rest of the year, so everything still adds up.

Request to skip a payment

Please note:

If you choose to skip a month or two, this will happen every year unless you tell us to change it. Skip payments subject to meeting the conditions of your mortgage. Lending criteria and terms and conditions apply

Skip up to two payments a year

If you’d like a little extra cash to spend at certain times of the year, you can spread 12 months of mortgage repayments over 10 or 11 months and ‘skip’ the other one or two.

How does it work?

Say you’d like to skip your December repayment to have extra cash for Christmas gifts and celebrations. We’ll increase your repayments for the rest of the year, so everything still adds up.

Request to skip a payment

Please note:

If you choose to skip a month or two, this will happen every year unless you tell us to change it. Skip payments subject to meeting the conditions of your mortgage. Lending criteria and terms and conditions apply



Save interest by overpaying

If you find yourself with a little extra cash, you can choose to make regular or lump sum overpayments. Overpayments will reduce your capital balance, which means you pay less interest, and it may even reduce your term. Even a small overpayment can make a difference to your mortgage.

How does it work?

  • If you’re on a variable interest rate, you can make regular or lump sum overpayments of any amount.
  • If you are on a fixed rate you can overpay up to 10% of your normal monthly repayment, (or €65, whichever is greater). If you exceed this amount you must pay us compensation if we suffer a loss. You can learn how we calculate this fee compensation on our Information and legal notices page under the “Repaying your mortgage early” section.

Request an overpayment

Please note:

You can cancel regular overpayments at any time. Overpayments made are not refundable. Overpaying may mean your mortgage is paid off early, but the maturity date on your mortgage will not change. Terms and conditions apply.



How much could overpaying save you?

Use our overpay calculator to see how much you could save.

Try our overpay calculator



Change your repayment date

If your repayment date does not align with your payday, you can choose to change it to another date in the month that suits you better.

How does it work?

If you repay your mortgage monthly, you can apply to change your repayment date by up to 21 days.

Request to change repayment date

Please note:

Your repayments will be recalculated so that your mortgage will be repaid by your original maturity date. Terms and conditions and apply.

Change your repayment date

If your repayment date does not align with your payday, you can choose to change it to another date in the month that suits you better.

How does it work?

If you repay your mortgage monthly, you can apply to change your repayment date by up to 21 days.

Request to change repayment date

Please note:

Your repayments will be recalculated so that your mortgage will be repaid by your original maturity date. Terms and conditions and apply.



Three-month payment break

If you run into extra expenses in a year, like the birth of a child or school fees, you can choose to take a 3-month payment break up to three times over the life of your mortgage.

How does it work?

To qualify, you must:

  • Have had your mortgage for at least 2 years on your main residence (or 2 years since your final drawdown if taken in instalments).
  • Wait at least 12 months between payment breaks.
  • Comply with all the terms and conditions of the mortgage.

When you apply, we’ll send you a ‘Mortgage Form of Authorisation’ with full payment break terms and conditions for you to sign and return to us.

Request a payment break

Please note:

At the end of the payment break, your repayments will be adjusted to ensure your mortgage is repaid within its original term. This means your new repayments will be higher than they were before the payment break. Applications are subject to approval. Available on your principal private dwelling only. Only available on annuity (standard capital and interest) repayment mortgages. Qualification criteria and terms and conditions apply.



Is a payment break right for you?

See how your monthly repayments could change after taking a 3-month break and find out how much extra interest you might pay over the life of your mortgage.

Try our payment break calculator



Defer the start of your repayments

If you’d like a little bit of breathing space when you first buy your new home, you can choose not to make mortgage repayments for the first three months.

How does it work?

You do not make mortgage repayments for the first three months after buying your new home. After the deferred payment period, repayments are adjusted to repay the loan within its original term. The cost of the loan will be higher. To be eligible for this option, you must have a life insurance policy for an amount equal to 102% of the mortgage loan.

If you’d like to defer your first three repayments, please discuss your options with your mortgage specialist.

Please note:

Three months’ deferred payment is optional and is available to first-time buyers, movers, switchers and equity release customers. Subject to approval.



Change the interest rate on your mortgage

Whether it’s variable or fixed, you can request to change your mortgage interest rate online.

How does it work?

  • Fill in the online form in the My Mortgage Self-Service Hub.
  • We’ll email and text each person named on the mortgage.
  • Open the email and use the 6-digit code to access your request.
  • Follow the online instructions to request your new rate.

Request interest rate change

Please note:

If you break the fixed-rate period you must pay us compensation if we suffer a loss. You can learn how we calculate this compensation on our Information and legal notices page under the “Repaying your mortgage early” section.


Early repayment compensation refund for movers

If you repay a Bank of Ireland fixed rate mortgage early because you are moving home, you may have to pay early repayment compensation. If you take out a new Bank of Ireland mortgage for your new home within 12 months, you may be able to request a refund of that compensation, subject to the conditions below.

Important: you must request the refund. The refund is not paid automatically. To request a refund, please contact us on 01 611 3333 9am to 5pm, Monday to Friday within 12 months of your new mortgage drawdown.

Here’s how it works

  • You must have had a Bank of Ireland fixed rate mortgage, which you paid off in full when you moved home, and paid early repayment compensation.
  • You draw down a new Bank of Ireland mortgage for the home you are moving to and meet the time limits set out below.
  • The amount you borrow under your new mortgage must be at least equal to the balance left on your previous mortgage when you repaid it in full.
  • Both mortgages must be for your primary home (in other words, the property you or your family live in).

Time limits

  • You must pay off your existing Bank of Ireland mortgage in full and draw down your new mortgage within 12 months of each other.
  • If your new mortgage is drawn down in stages (for example, a self-build mortgage) the first draw down must take place within that 12-month period.
  • You must contact us to request your refund within 12 months of your new mortgage drawdown (or date of the first drawdown, if you draw it down in stages).

Example

If you repay your existing mortgage on 1 December 2026, you must draw down your new mortgage by 30 November 2027. You then have up to 12 months from your new mortgage drawdown date to request your refund.

  • The offer of a new mortgage will be subject to lending criteria and terms and conditions at time of application.
  • Any new mortgage offered will be at the prevailing interest rates at the date of drawdown of the new mortgage.
  • We reserve the right to withdraw the offer at any time at our discretion. For example, to reflect any changes in law or regulation or how they are interpreted.
  • This offer is only available for new mortgages drawn down on or after 19 August 2026.

This offer is not available for:

  • Any mortgage to buy a holiday home, property to let or for investment or
  • Any mortgage where you do not borrow as a consumer.

Which rate is right for you?

Thinking about a change? See how our variable and fixed interest rates may affect your monthly repayments.

Compare rates


Frequently asked question



  • Can I bring my existing fixed rate with me if I move?

    Please note that this flexi option will only be available for mortgages where a formal letter of offer has issued on or before 19 November 2026 (and, for the avoidance of doubt, an approval in principle does not constitute a loan offer for these purposes).

    You may be able to bring your Bank of Ireland fixed rate to your new mortgage and get a refund of the break charge incurred (if applicable) for ending your fixed rate early if you draw down your new mortgage within 6 months of repaying your old one. Talk to your mortgage specialist to find out more.


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 report, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Warning: Your interest rate may increase and the amount of your mortgage repayments may increase as a result.
Warning: You should consider the total cost of the mortgage and any applicable incentive included in a mortgage offer.

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 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.

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


Information and legal notices

Legal and regulatory information for mortgages.

View information and legal notices