Green Mortgage

Are you buying or building a property with a high level of energy efficiency?

Now you can apply for Bank of Ireland’s Green Mortgage fixed interest rate.

Why choose Bank of Ireland?

Green Mortgage

Green mortgage house with tree leaf donut chart icon

Are you buying or building an energy-efficient (BER) of B3 or better property? Now you can save money on your mortgage interest rate.

Green Mortgage Rate

Cashback plus three percent with love heart donut chart icon

Our Green Mortgage fixed interest rate gives you a discount of 0.30% off any of our fixed rate options.

Flexi-Options

Flexi-options house with rotating arrows donut chart icon

We want to help you to make the most of your mortgage. Have a look at how you can flex your mortgage to suit your lifestyle with our Flexi-Options. Click here to find out more.

Rates

Mortgage rates house with percentage symbol donut chart icon

Choose from our range of competitive fixed and variable interest options that include fixed rates between 1 year and 10 years. Click here to find out more.

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Our Green Fixed Rates
Fixed Rate TermLTVGreen Interest RateAPRC
1 Year<=60%4.35%4.50%
61%-80%4.35%4.60%
80%4.35%4.80%
2 Years<=60%4.35%4.50%
61%-80%4.35%4.50%
>80%4.35%4.80%
3 Years<=60%4.45%4.60%
61%-80%4.45%4.60%
>80%4.45%4.80%
5 Years<=60%4.45%4.60%
61%-80%4.45%4.60%
>80%4.45%4.70%
10 Years<=60%4.75%4.90%
61%-80%4.75%4.90%
>80%4.95%5.10%
Our Green High Value Mortgage Fixed Rates
Fixed Rate TermLTVGreen HVM Interest RateAPRC
4 Years<=60%3.65%4.00%
61%-80%3.65%4.20%
>80%3.65%4.40%
5 Years<=60%3.95%4.20%
61%-80%3.95%4.30%
>80%3.95%4.50%
7 Years<=60%4.00%4.20%
61%-80%4.00%4.30%
>80%4.00%4.40%
Our Buy to Let – Green Fixed Rates
Fixed Rate TermLTVGreen HVM Interest RateAPRC
2 Years<50%6.20%6.60%
50%-75%6.44%6.80%
5 Years<50%6.35%6.70%
50%-75%6.55%6.90%

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Information & Legal notices

Keywords 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.

HVM is our High Value Mortgage Fixed Interest Rates

The High Value Mortgage fixed interest rates are a four, five or seven year fixed interest rate with no Cashback. The High Value Mortgage fixed interest rate is available to you if you are buying or building a property to live in as your home or are switching your mortgage loan to the Bank of Ireland Group from another mortgage lender outside our Group, AND you are borrowing €250,000 or more, AND you draw down your new mortgage loan by 31 December 2024. Click here for full details and terms and conditions.

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 ranging from 1 to 10 years. You can avail of the discounted fixed rate when you start your mortgage where you a) are 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) switching your mortgage loan to us from another lender and the property has a BER of B3 or better and (d) draw down your new mortgage by 31 December 2024. (At the end of your initial fixed rate period you can choose from the normal interest rate options available to existing customers at that stage.) You can get the Green Mortgage fixed interest rate if  you are borrowing to buy a home for yourself or your family or an Investment property to let, as long as the property has a BER rating of B3 or better.

So now you can save money on your mortgage interest rate when you save money on your energy bills.

Ask us about a Green Mortgage fixed interest rate today.

Find out more about BER

Improving your home’s BER can make it warmer, reduce your energy costs, and may improve its appeal to future buyers or tenants.

To find out more BER, including how to apply for grants, visit the Sustainable Energy Authority of Ireland website.1

    • The Green Mortgage fixed interest rate includes a discount so that it is 0.30% lower than our standard mortgage loan fixed rates.
    • The Green Mortgage fixed interest rate is available to you if you:
      • are buying a property that has a Building Energy Rating (BER) of B3 or better: OR
      • are borrowing to build your home so that it has a BER rating of B3 or better; OR
      • 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 loan, (you don’t need to provide the BER Certificate up-front if you are borrowing to build your new home – see more detail below) AND
      • You draw down your new mortgage loan before 31 December 2024
    • If you borrow your loan to build your own home your Offer Letter will allow you draw down your mortgage loan in stages. You must make the first draw down before to 31 December 2024 to qualify for the Green Mortgage fixed interest rate. You must also give us a BER Certificate for your home showing a rating of B3 or better before you move into your home (or, if earlier, on or before the day that your architect, surveyor or engineer gives us their final report to say that your home is complete).
    • The Green Mortgage fixed interest rate is available only if you choose a fixed interest rate that begins when you draw down your mortgage loan. It is not available with any of our variable rates.
    • The Green Mortgage fixed interest rate will apply to the mortgage loan for the period of your chosen fixed rate from the date the loan is drawn down. Our standard interest rate options for existing customers will apply at the end of that initial fixed rate period (so the discount ends then).
    • Full terms and conditions on the Green Mortgage fixed interest rate will be set out in your Mortgage Loan Letter of Offer. These will refer you to the deadlines for drawdown (or first draw down if you can borrow your loan in stages) : 31 December 2024. You need to note this date carefully and bring it to the attention of your solicitor or builder if necessary.
    • The Green Mortgage fixed interest rate is not available (a) on mortgage loans to buy a residential property with a BER rating of C or lower, or (b) to build a residential property to a BER rating of C or lower, (c) for any up-grade an existing residential property , even if the up-grade brings the property to a BER rating of B3 or better (if you are borrowing to up-grade your home you may be able to qualify for our Green discount instead: please see the next paragraph).
      GREEN DISCOUNT (if you can’t give us a BER Certificate for B3 or better before you draw down your mortgage loan)

    • We are also giving fixed rate customers who are not ready to give us a BER certificate of B3 or better on the date they draw down their mortgage loan the opportunity to get a Green discount of 0.3% on their initial fixed rate.
    • You may be eligible for this offer if you’re planning to upgrade your home to achieve a rating of B3 or higher. You will just need to provide us with a BER certificate, showing this rating, within 6 months of drawdown (or 18 months if you have a mortgage loan offer letter that allows you to draw down your loan in stages).
    • We will apply the discount (reduction) to your fixed rate from the time we get the BER certificate showing a rating of B3 or better until the end of the initial fixed rate.
    • With this Green discount offer we don’t back date the discount to the date of draw down.

    We reserve the right to withdraw the Green Mortgage fixed interest rate and the Green discount of 0.3% from our product offerings at any time at our discretion. If we withdraw the Green Mortgage fixed interest rate before 31 December 2024, we will notify the public of this by putting an advertisement on our website and in at least one national newspaper. This does not affect your rights if you have accepted a mortgage loan offer letter that provides for a Green Mortgage Fixed rate or a Green discount.

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. Bank of Ireland Mortgage Bank u.c. is not responsible for information on third party websites.
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, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Bank of Ireland Mortgage Bank u.c. trading as Bank of Ireland Mortgages is regulated by the Central Bank of Ireland.
1 We are not responsible for information on third party websites.