Mortgage Switcher Summer Sweetener

Mortgage Switcher Summer Sweetener

Over the last year, people who’ve switched to Bank of Ireland have discovered just how easy it is to move their mortgage. More importantly, they stand to gain an average cashback windfall of €7,500.

How would you use yours?

  • Got grand designs on some home improvements?
  • Finally make that dream trip?
  • Maybe a new set of wheels is what you’ve got in mind?

However you choose to use your summer sweetener, the Switcher team is here to help.

Call us on 1890 365 850. We’ll work out your windfall amount with you, take you through the application and explain the short process.

Up to 3% Cashback when you switch.

We’ll give you 2% of your new mortgage back as cash upfront, plus if you have a Bank of Ireland current account we will give you an additional 1% of your mortgage back in cash in five years’ time.

€7,500 is based on a €250,000 mortgage switched to Bank of Ireland, with 2% paid on drawdown, and the remaining 1% after five years.

Rates worth switching for.

Up to 3% Cashback is available with our full range of fixed and variable owner-occupier mortgage rates. Our fixed rate mortgages start from 3.0% (from 3.7% APRC) for a 1, 2, 3 or 5-year fixed rate for mortgages up to 80% loan to value.

A range of flexible repayments.

Take a three month payment break or skip months. Make overpayments to save interest or reduce your term. Split your mortgage between fixed and variable rates, and choose from the same rates as new customers at the end of your fixed rate period. Switching isn’t just easy, it’s flexible.

Talk to us today

Lending criteria and terms and conditions apply. Over 18s only. Security and insurance required. 3% Cashback available to First Time Buyers, Movers and Switchers who draw down a new mortgage before 30th June 2019. 2% Cashback on draw down of a new mortgage. 1% bonus in 5 years subject to meeting the conditions of the mortgage. The Lender is Bank of Ireland Mortgages. Mortgage approval is subject to assessment of suitability and affordability. We require property and life insurance. You mortgage your home to secure the loan. 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. 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.
Bank of Ireland Mortgage Bank trading as Bank of Ireland Mortgages is regulated by the Central Bank of Ireland.
Warning: If you do not keep up your repayments you may lose your home.
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.
Warning: You may have to pay charges if you pay off a fixed-rate loan early.