3-Month Mortgage Payment Break – COVID-19

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UK customers click here.

3-Month Payment Break

Dear customer,

We’re here to help and will do all we can to support you during this unprecedented and challenging time. That’s why we have developed a simple process to make it easier to apply for a 3-month mortgage break.

Like many businesses, our capacity has been affected. However, we are doing what we can to maintain the best possible service to you.

If you meet the following criteria, you can click below to apply for a payment break online. We will write to you when your request has been processed. In the meantime, please take care of yourself and your family.

Payment break criteria

  • This is a precautionary1 request (no income reduction has occurred but a safety net is required) or reflects a temporary reduction in your income which has occurred as a result of the current health crisis and you are not in financial difficulty and/or were not concerned about your ability to meet your repayments prior to COVID-19.
  • You are not in a forbearance arrangement with the Bank or, if you are, you have met all terms and conditions for a minimum of 12 months
  • You were not in arrears prior to March 2020 on any mortgage account or other BOI loan.

(If you need assistance and feel you don’t meet these criteria we may still be able to help you – call us on 01 6113333 lines open 9am to 5pm Monday to Friday).

Applications are subject to approval. Lending criteria and terms and conditions apply.

At the end of the Payment Break period your repayments will be adjusted so that your mortgage will be repaid within its original term. That means your ‘Break’ repayments will be spread over your remaining mortgage, which means your new repayments will be higher than they were before the Payment Break.

We will confirm by letter when your payment break request has been processed.

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COVID-19 Mortgage Payment Break FAQs

1Please be aware that taking a break in your mortgage repayments will mean you will pay more interest over the remaining term of your loan.
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
Bank of Ireland Mortgage Bank trading as Bank of Ireland Mortgages is regulated by the Central Bank of Ireland.
Bank of Ireland is regulated by the Central Bank of Ireland.
Bank of Ireland trading as The Mortgage Store – powered by Bank of Ireland is regulated by the Central Bank of Ireland.