First time buyer mortgages

When buying your first home, we know you’ll need some help along the way. That’s why’ve designed our mortgage service around you.

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Cashback Plus is our gift to you

Cashback PLUS is exclusively for Bank of Ireland current account customers who are Buying their first home, moving home or who switch their mortgage to Bank of Ireland.

If you choose to draw down your mortgage with us, you are entitled to avail of our Cashback PLUS offer, which includes:

2% of your new mortgage back as cash upfront.

As a special ‘thank you’, we will give you an additional 1% of your mortgage back in cash in five years’ time *.

Cashback PLUS is available with a range of competitive fixed and variable rates.

* Subject to meeting the conditions of the mortgage

Our calculator illustrates how much cash back could be received from a mortgage of €100,000. You can change the mortgage amount to understand what you could get back as cash.

This information does not constitute a loan offer.

The Cashback PLUS Mortgage is available to you if:

  • You are an existing Bank of Ireland current account customer and you are buying your first home, moving home or switching your mortgage to Bank of Ireland
  • You drawdown your new mortgage between 5th September 2016 and 31st December 2021

If you are not a Bank of Ireland customer or if you take out a Mortgage top-up or a Buy to Let Investment mortgage, you can still avail of our 2% Cashback offer when you draw down your mortgage. Cashback is not available with the High Value Mortgage fixed interest rate.

See below for Cashback PLUS offer terms and conditions.

Other reasons to choose Bank of Ireland for your Mortgage:

  • We have 250 branches nationwide where you can talk to qualified mortgage specialists, and we can meet you when and where it suits you best – at home or at work, even at the weekend.
  • We offer a wide range of fixed rate options ranging from 12 months to 10 years. You can even choose a combination of fixed and variable rates – a Twin interest rate – where you fix a portion of your mortgage and put the rest on a variable rate. Ask us about the rate options available to you;
  • We offer a range of flexi-options to allow you to tailor your mortgage to your needs.

Some reading you might find helpful

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You can also request a callback or call us on 1890 365 345. Our phone lines are open Monday to Friday from 8am to 8pm and Saturdays from 10am to 2pm.

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

  • Cashback PLUS offer Terms and Conditions

    The Bank of Ireland Cashback PLUS Mortgage Offer

    • The Cashback PLUS Mortgage offer is available to you if:
      1. You (or one of you) is already an existing Bank of Ireland current account customer AND
      2. 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 AND
      3. You draw down your new mortgage loan between 5th September 2016 and 31st December 2021.
    • The Cashback PLUS Mortgage Offer is available whether you chose a fixed or variable rate for your mortgage.
    • Cashback is not available with the High Value Mortgage fixed interest rate.
    • 2% cashback payment will be 2% of the amount you borrow under your mortgage loan offer letter. The payment will be made into your mortgage-paying current account within 45 days of drawdown of 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 5th anniversary of your mortgage drawdown.
    • To qualify for the payment of 1% in year 5:
      1. Your mortgage must have been drawn down within the Cashback PLUS Mortgage offer period;
      2. The Loan originally drawn down less scheduled repayments must still be owing on the fifth anniversary of the draw down date;
      3. You must have made all of your mortgage payments in full and on time;
      4. You must have met all of your other obligations under your mortgage loan documents in full;
      5. You must still live in the home you mortgaged to secure the loan on the 5th anniversary; and
      6. 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 5.
    • If you draw down your mortgage in stages (e.g. for a self-build):
      1. The first drawdown must be made between 5th September 2016 and 31st December 2021 to qualify for the offer.
      2. In addition, final drawdown must be made within 18 months of first drawdown
      3. The 2% Cashback will be paid within 45 days of the final stage drawdown and will be 2% of the amount you borrow under your initial mortgage loan offer letter.
      4. Any additional lending is excluded from the calculation, e.g. a top-up mortgage loan.
      5. The 1% cashback payment at year 5 is 1% of the amount you borrow under your initial mortgage loan offer letter. The 1% cashback payment will be made into your mortgage paying account within 45 days of the 5th anniversary of the final stage drawdown.
      6. . Cashback is not available with the High Value Mortgage fixed interest rate.
    • The Cashback PLUS Mortgage Offer is for our existing current account customers and is intended to reward their loyalty. We do not require you to use your Bank of Ireland current account to make your mortgage payments, or pay your salary into that account.
    • The Cashback PLUS Mortgage offer is not available (a) for top-up mortgages; b) for any mortgage to buy a property to let or for investment; or (c) for any mortgage where you do not borrow as a consumer. The Cashback Plus mortgage offer is only available on mortgages from Bank of Ireland Mortgage Bank.
    • Cashback is not available with the High Value Mortgage fixed interest rate.
    • We reserve the right to withdraw the Cashback PLUS Mortgage Offer at any time at our discretion, for example, to reflect any changes in law or regulation or how they are interpreted. If we do withdraw the offer before 31st December 2021, we will notify the public of this by putting an advertisement on our website and in at least one national newspaper.

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 change.