First Time Buyer Mortgage Rates
View our competitive fixed and variable interest mortgage rates.
Why choose Bank of Ireland?
Get up to 3% Cashback
Our cashback Plus offers 2% cashback on drawn down and another 1% in 5 years.
Green Mortgage Rate
Our Green Mortgage fixed interest rate gives you a discount of 0.30% off any of our fixed rate options.
Rates
Our competitive fixed and variable interest options include fixed rates between 1 year and 10 years.
Mortgage Interest Rates
| interest rate type | LTV | standard rate | standard APRC | green rate | green APRC | HVM rate | HVM APRC | HVM green rate | HVM green APRC |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year Fixed | <=60% | 4.65% | 4.80% | 4.35% | 4.50% | - | - | - | - |
| 1 Year Fixed | 61%-80% | 4.65% | 4.80% | 4.35% | 4.60% | - | - | - | - |
| 1 Year Fixed | >80% | 4.65% | 4.90% | 4.35% | 4.80% | - | - | - | - |
| 2 Year Fixed | <=60% | 4.65% | 4.80% | 4.35% | 4.50% | - | - | - | - |
| 2 Year Fixed | 61%-80% | 4.65% | 4.80% | 4.35% | 4.50% | - | - | - | - |
| 2 Year Fixed | >80% | 4.65% | 4.90% | 4.35% | 4.80% | - | - | - | - |
| 3 Year Fixed | <=60% | 4.75% | 4.90% | 4.45% | 4.60% | - | - | - | - |
| 3 Year Fixed | 61%-80% | 4.75% | 4.90% | 4.45% | 4.60% | - | - | - | - |
| 3 Year Fixed | >80% | 4.75% | 4.90% | 4.45% | 4.80% | - | - | - | - |
| 4 Year Fixed | <=60% | - | - | - | - | 3.95% | 4.20% | 3.65% | 4.00% |
| 4 Year Fixed | 61%-80% | - | - | - | - | 3.95% | 4.40% | 3.65% | 4.20% |
| 4 Year Fixed | >80% | - | - | - | - | 3.95% | 4.50% | 3.65% | 4.40% |
| 5 Year Fixed | <=60% | 4.75% | 4.90% | 4.45% | 4.60% | 4.25% | 4.40% | 3.95% | 4.20% |
| 5 Year Fixed | 61%-80% | 4.75% | 4.90% | 4.45% | 4.60% | 4.25% | 4.50% | 3.95% | 4.30% |
| 5 Year Fixed | >80% | 4.75% | 4.90% | 4.45% | 4.70% | 4.25% | 4.60% | 3.95% | 4.50% |
| 7 Year Fixed | <=60% | - | - | - | - | 4.30% | 4.40% | 4.00% | 4.20% |
| 7 Year Fixed | 61%-80% | - | - | - | - | 4.30% | 4.50% | 4.00% | 4.30% |
| 7 Year Fixed | >80% | - | - | - | - | 4.30% | 4.60% | 4.00% | 4.40% |
| 10 Year Fixed | <=60% | 5.05% | 5.20% | 4.75% | 4.90% | - | - | - | - |
| 10 Year Fixed | 61%-80% | 5.05% | 5.20% | 4.75% | 4.90% | - | - | - | - |
| 10 Year Fixed | >80% | 5.25% | 5.40% | 4.95% | 5.10% | - | - | - | - |
| Variable | <=60% | 4.15% | 4.30% | - | - | - | - | - | - |
| Variable | 61%-80% | 4.45% | 4.60% | - | - | - | - | - | - |
| Variable | >80% | 4.75% | 4.90% | - | - | - | - | - | - |
Our competitive fixed and variable interest options include fixed rates between 1 year and 10 years.
Our fixed rate products run for periods of 1 to 5 years, 7 and 10 years, which means your repayments will not change during the fixed rate period.
Our variable rates depend on the loan to value (LTV) of your mortgage which means the interest rate can move up or down and you mortgage repayments can change month to month.
Our mortgage team are available to take you through the different mortgage interest rate options available to you, so book an appointment today or begin your journey online.
Begin your Mortgage Journey NowYou can also call us on 0818 365 345
- Our phone lines are open at the following times: Monday – Friday: 9am – 5pm
Key mortgage terms explained:
LTV: LTV stands for loan to value. This is the ratio between the amount you borrow and value of the property or the purchase price, whichever is lower. For example, if a property value is €200,000 and the loan is €150,000 then the LTV is 75%.
APRC: APRC means annual percentage rate of charge.
Green Mortgage Fixed Interest Rate
The Green Mortgage fixed interest rate includes a discount so that it is 0.30% lower than our standard mortgage loan fixed rates and rate is available to you if you are a) buying a property that has a Building Energy Rating (BER) of B3 or better: OR b) are borrowing to build your home so that it has a BER rating of B3 or better; OR c) are switching your mortgage loan to us from another lender and the property has a BER of B3 or better; AND, You provide us with a BER certificate for your home showing a rating of B3 or better before you draw down the new mortgage loan, (you don’t need to provide the BER Certificate up-front if you are borrowing to build your new home) AND, you draw down your new mortgage loan before 31 December 2024. Click here for full details and terms and conditions.
HVM Green Mortgage Fixed Interest Rate:
For new customers borrowing €250,000 or more and who are buying or building a home with a Building Energy Rating (BER) of B3 to A1. View full details and terms and conditions.
Standard / Owner Occupier Mortgage Rate:
- Owner Occupier rates are effective from 27 October 2023 and are subject to change.
- At the end of a fixed rate period, customers on a fixed rate can choose from our range of fixed rate options or roll to the LTV Variable rate applicable at that time.
- Customers on a variable rate can choose from our range of fixed rates.
- To avail of a lower LTV fixed rate a property valuation report may be required.
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 €629.07 per month at 4.45% variable (Annual Percentage Rate of Charge (APRC) 4.6%). APRC includes €150 valuation fee and mortgage charge of €175 paid to the Property Registration Authority. The total amount you pay is €151,301.80. 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 €54.61 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.