High Value Mortgage

High Value Mortgage Fixed Interest Rate

Are you borrowing €300,000 or more for your homeowner mortgage? If so, you can choose our High Value Mortgage fixed interest rate.

This is a five-year fixed rate of 2.5% (APRC4 from 3.3%). Once the five year fixed rate ends you will be able to choose from our normal interest rate options available to existing customers.

If you get our High Value mortgage fixed rate, you won’t get a cashback offer. You might find that our High Value Mortgage fixed interest rate suits you better than a standard fixed rate with our cashback offer. We’ll help you compare these.

Here is an example of a €300,000 mortgage loan over 30 years showing how much you would repay if you chose the High Value Fixed interest rate compared with our standard 5 year fixed rate with 3% cashback1.

High Value Fixed Interest Rate 5 Year Fixed Rate with Cashback
Interest rate 2.5% (APRC4 from 3.3%) for 5 years 3% (APRC5 from 3.6%) for 5 years
Your monthly repayment for the first 5 years €1,184.55 €1,263.60
Monthly repayment for the remainder of the loan2 €1,421.73 €1,435.09
Total amount repayable €497,591.38 €506,342.90
3% Cashback1 which may be paid to you €0 €9,000.00
Total repayable (less cashback)3 €497,591.38 €497,342.90
Result: The example above shows that the overall cost will be €248.48 higher over the life of the loan with the High Value Fixed Interest rate without cashback than it would be with our standard 5 year fixed rate.

Important Information in relation to the calculations above:

1

Cashback is 2% of the mortgage loan paid on drawdown + an additional 1% after 5 years if you have a Bank of Ireland current account, subject to meeting the conditions of the mortgage. See Cashback PLUS terms and Conditions.

2

Both rate options assume that the loan will roll to a standard variable rate of 4.2% (APRC 4.3%) and that this rate will not change for the remainder of the loan term (in practice interest rates can change over time).

3

The cost difference over the life of the mortgage will vary depending on the amount of the loan, its term (duration) and the interest rates that will apply after the fixed rate period ends.

4

*APRC means Annual Percentage Rate of Charge. APRC of 3.3% is based on a Loan to value of <=60%.

5

*APRC means Annual Percentage Rate of Charge. APRC of 3.6% is based on a Loan to value of <=60%.

Ask us about our High Value Mortgage fixed interest rate and what it could mean for you.

If you are buying or building a property with a Building Energy Rating (BER) B3 or better you may also qualify for an additional rate discount. Ask us about our Green Mortgage fixed interest rate.

Apply Now Talk to us today – 0818 365 345
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. Bank of Ireland Mortgage Bank is not responsible for information on third party websites.
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.