Take the lead

and keep your Low Fixed Rate when you move

Get up to 3% Cashback


Getting into your new home is great, but then you realise you need furniture and a new set of plates. This is when the Cashback Plus comes in handy.

 

  • Get 2% of your new mortgage back as cash after you draw down your mortgage
  • Plus as a special ‘thank you’, 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 (subject to meeting the conditions of the mortgage).

This offer is available to movers who draw down their new mortgage by 30 June 2020.

If you are not a Bank of Ireland customer or if you take out a Mortgage top-up or a Buy to Let Investment mortgage, you can still avail of our 2% Cashback offer when you draw down your mortgage. Cashback is not available with the High Value Mortgage fixed interest rate.


  • Terms and Conditions

    The Bank of Ireland Cashback PLUS Mortgage Offer

    • The Cashback PLUS Mortgage offer is available to you if:

      1. You (or one of you) is already an existing Bank of Ireland current account customer AND
      2. You use your mortgage loan to buy a home in the Republic of Ireland to live in yourself (as a First Time Buyer or Mover) or if you switch your mortgage loan to us from another lender (outside the Bank of Ireland Group) by re-mortgaging the house you live in AND
      3. You draw down your new mortgage loan between 5th September 2016 and 30th June 2020.
    • The Cashback PLUS Mortgage Offer is available whether you chose a fixed or variable rate for your mortgage.

    • Cashback is not available with the High Value Mortgage fixed interest rate.

    • 2% cashback payment will be 2% of the amount you borrow under your mortgage loan offer letter. The payment will be made into your mortgage-paying current account within 45 days of drawdown of your mortgage.

    • The 1% cashback payment at the end of year 5 is 1% of the mortgage loan amount you originally drew down. The 1% cashback payment will be made into your mortgage paying current account within 45 days of the 5th anniversary of your mortgage drawdown.

    • To qualify for the payment of 1% in year 5:

      1. Your mortgage must have been drawn down within the Cashback PLUS Mortgage offer period;
      2. The Loan originally drawn down less scheduled repayments must still be owing on the fifth anniversary of the draw down date;
      3. You must have made all of your mortgage payments in full and on time;
      4. You must have met all of your other obligations under your mortgage loan documents in full;
      5. You must still live in the home you mortgaged to secure the loan on the 5th anniversary; and
      6. We must not have agreed or arranged to allow you make any reduced mortgage repayments or stop making repayments for any time. If you qualify to take a three month payment holiday and avail of it, it does not affect your entitlement to the 1% cashback payment at year 5.
    • If you draw down your mortgage in stages (e.g. for a self-build):

      1. The first drawdown must be made between 5th September 2016 and 30th June 2020 to qualify for the offer.
      2. In addition, final drawdown must be made within 18 months of first drawdown
      3. The 2% Cashback will be paid within 45 days of the final stage drawdown and will be 2% of the amount you borrow under your initial mortgage loan offer letter.
      4. Any additional lending is excluded from the calculation, e.g. a top-up mortgage loan.
      5. The 1% cashback payment at year 5 is 1% of the amount you borrow under your initial mortgage loan offer letter. The 1% cashback payment will be made into your mortgage paying account within 45 days of the 5th anniversary of the final stage drawdown.
      6. Cashback is not available with the High Value Mortgage fixed interest rate.
    • The Cashback PLUS Mortgage Offer is for our existing current account customers and is intended to reward their loyalty. We do not require you to use your Bank of Ireland current account to make your mortgage payments, or pay your salary into that account.

    • The Cashback PLUS Mortgage offer is not available (a) for top-up mortgages; b) for any mortgage to buy a property to let or for investment; or (c) for any mortgage where you do not borrow as a consumer. The Cashback Plus mortgage offer is only available on mortgages from Bank of Ireland Mortgage Bank.

    • Cashback is not available with the High Value Mortgage fixed interest rate.

    • We reserve the right to withdraw the Cashback PLUS Mortgage Offer at any time at our discretion, for example, to reflect any changes in law or regulation or how they are interpreted. If we do withdraw the offer before 30th June 2020, we will notify the public of this by putting an advertisement on our website and in at least one national newspaper.



 

What mortgage options are available?

In general, a mortgage of up to 3.5 times your gross annual income (combined income for joint applicants) is available to movers.

Movers can borrow up to 80% of the property value. For example:

Property price€250,000
80% of €250,000€200,000
Deposit required (20%)€50,000

Terms of up to 35 years are available to movers (to maximum age 70).

Apply now


Content

We have lots of useful house-buying and house-hunting content to get you ready for your move

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Flexi-Options

We offer a range of Flexi-Options to allow you to tailor your mortgage to your needs, such as payment breaks, which allow you to take a 3 month break from mortgage repayments.

The mortgage must be fully drawn for a minimum of 2 years with all mortgage obligations met. The Payment Break is subject to approval. After the payment break, repayments are adjusted to repay the mortgage within the original term.


  • 3 Month Payment Break

    You can take a 3-month payment break up to three times over the life of your mortgage – really useful if you run into extra expenses in a year such as the birth of a child or education fees.

    To be eligible for a payment break:

    • Your mortgage loan must be drawn down at least 2 years (if drawn in instalments, it must be at least 2 years since the final drawdown),
    • There must be at least 12 months between payment breaks, and
    • You must have complied with all the terms and conditions of the mortgage.

    Applications are subject to approval. Available on your Principle Private Dwelling only. Only available on annuity (standard capital and interest) repayment mortgages. 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. I.e. 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.

    When you apply, we will send you a ‘Mortgage Form of Authorisation’ with full Payment Break terms and conditions for you to sign and return to us.

  • Skip up to 2 payments in a year

    If you would like to have a little extra to spend at certain times of the year – such as Christmas or holiday time – you can spread your mortgage repayments in a year over 10 or 11 months and skip the other one or two.

    For example, if you would like to skip your repayment in December to have some extra cash at Christmas time, we can arrange for your repayments to be higher for the rest of the year so that you will make your full 12 months’ repayments over 11 months.

    Subject to meeting the conditions of your mortgage. Lending criteria and terms and conditions apply.

    Once you select a skip month repayment option it will continue each year unless you ask us to change it.


  • Overpay your mortgage and save interest

    You can make Overpayments, either regularly or as lump sums, when you find yourself with extra cash. This will reduce your capital balance and you pay less interest. It may even reduce your term.

    • You can make regular or lump sum overpayments of any amount to a variable rate mortgage.
    • If you are on a fixed rate you can overpay up to 10% of your normal monthly repayment (or €65, whichever is greater), without incurring a fee.

    Even a small overpayment can make a difference to your mortgage.

    (You can cancel regular overpayments at any time. Overpayments made are not refundable)

    Check out our Overpay Calculator to see how much you could save.

  • Split your mortgage rate

    • With our Twin rate mortgage you can benefit from the certainty and stability of a fixed rate AND the flexibility of variable;
    • Put a portion of your mortgage on a variable rate and the remainder on a fixed rate. You decide the split;
    • Find out more about your rate options here.

    Lending criteria and terms and conditions apply.

  • Bring your fixed rate with you

      • Moving home? You can bring your Bank of Ireland fixed rate with you to your new mortgage without penalty as long as your new mortgage is drawn down within 6 months of redeeming your old mortgage;
      • Find full details about our Movers mortgage here.

  • Change your payment date

    You can change the repayment date to another one in the month that suits you better such as right after payday.

    Applies to monthly repayments only. Subject to meeting the conditions of your mortgage. You can move your repayment date by up to 21 days.

    Your repayments will be recalculated so that your mortgage will be repaid by the originally agreed date.


  • Deferred Start

    For some extra breathing space up front, ask about deferring your first three months’ mortgage repayments.

    Available with First Time Buyer, Mover and Equity Release mortgages. Applications are subject to approval. Available on your Principle Private Dwelling only. Only available on annuity (standard capital and interest) repayment mortgages. Lending criteria and terms and conditions apply. At the end of the Deferred Start period your repayments will be adjusted so that your mortgage will be repaid within its original term. I.e. your ‘Deferred Start’ repayments will be spread over your remaining mortgage, which means your new repayments will be higher than they would be without the Deferred Start.


It’s so easy to contact us to talk about mortgages

Are you ready to take the next step and buy your dream property? We’re here to help you every step of the way.

Meet us in a branch

We have qualified mortgage specialists across our network of 250 branches nationwide

Make an appointment

We’ll call to your home

Our Mobile Mortgage Managers will meet you at a time and place that suits you

Book an appointment

Call us

Speak with one of our lending specialists Mon-Fri 8am-8pm and Sat 10am-2pm

1890 365 345


Let us call you

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Arrange a time

Move and bring your Fixed Rate with you

Moving home? You can bring your Bank of Ireland fixed rate with you to your new mortgage without penalty as long as your new mortgage is drawn down within 6 months of redeeming your old Bank of Ireland mortgage.

Interest Rates

We offer a wide range of fixed rate options ranging from 12 months to 10 years. You can even choose a combination of fixed and variable rates – a Twin interest rate – where you fix a portion of your mortgage and put the rest on a variable rate.
 

Last update: 13/08/2019 07:43:31
mortgage type name ltv rule product ltv description fixed or variable interest rate percentage apr
First Time Buyer<=60%1 Year Fixed LTV <=60%fixed2.903.9
First Time Buyer61%-80%1 Year Fixed LTV 61%-80%fixed2.904.2
First Time Buyer>80%1 Year Fixed LTV >80%fixed2.904.4
First Time Buyer<=60%2 Year Fixed LTV <=60%fixed2.903.8
First Time Buyer61%-80%2 Year Fixed LTV 61%-80%fixed2.904
First Time Buyer>80%2 Year Fixed LTV >80%fixed2.904.3
First Time Buyer<=60%3 Year Fixed LTV <=60%fixed3.003.7
First Time Buyer61%-80%3 Year Fixed LTV 61%-80%fixed3.003.9
First Time Buyer>80%3 Year Fixed LTV >80%fixed3.004.1
First Time Buyer<=60%5 Year Fixed LTV <=60%fixed3.003.6
First Time Buyer61%-80%5 Year Fixed LTV 61%-80%fixed3.003.7
First Time Buyer>80%5 Year Fixed LTV >80%fixed3.003.9
First Time Buyer<=60%5 Year Fixed HVM* LTV <=60%fixed2.503.3
First Time Buyer61%-80%5 Year Fixed HVM* LTV 61%-80%fixed2.503.5
First Time Buyer>80%5 Year Fixed HVM* LTV >80%fixed2.503.7
First Time Buyer<=60%10 Year Fixed LTV <=60%fixed3.303.5
First Time Buyer61%-80%10 Year Fixed LTV 61%-80%fixed3.303.6
First Time Buyer>80%10 Year Fixed LTV >80%fixed3.503.8
First Time Buyer<=60%Variable LTV <=60%variable3.904
First Time Buyer61%-80%Variable LTV 61%-80%variable4.204.3
First Time Buyer>80%Variable LTV >80%variable4.504.6
Mover<=60%1 Year Fixed LTV <=60%fixed2.903.9
Mover61%-80%1 Year Fixed LTV 61%-80%fixed2.904.2
Mover>80%1 Year Fixed LTV >80%fixed2.904.4
Mover<=60%2 Year Fixed LTV <=60%fixed2.903.8
Mover61%-80%2 Year Fixed LTV 61%-80%fixed2.904
Mover>80%2 Year Fixed LTV >80%fixed2.904.3
Mover<=60%3 Year Fixed LTV <=60%fixed3.003.7
Mover61%-80%3 Year Fixed LTV 61%-80%fixed3.003.9
Mover>80%3 Year Fixed LTV >80%fixed3.004.1
Mover<=60%5 Year Fixed LTV <=60%fixed3.003.6
Mover61%-80%5 Year Fixed LTV 61%-80%fixed3.003.7
Mover>80%5 Year Fixed LTV >80%fixed3.003.9
Mover<=60%5 Year Fixed HVM* LTV <=60%fixed2.503.3
Mover61%-80%5 Year Fixed HVM* LTV 61%-80%fixed2.503.5
Mover>80%5 Year Fixed HVM* LTV >80%fixed2.503.7
Mover<=60%10 Year Fixed LTV <=60%fixed3.303.5
Mover61%-80%10 Year Fixed LTV 61%-80%fixed3.303.6
Mover>80%10 Year Fixed LTV >80%fixed3.503.8
Mover<=60%Variable LTV <=60%variable3.904
Mover61%-80%Variable LTV 61%-80%variable4.204.3
Mover>80%Variable LTV >80%variable4.504.6
Investor<50%2 Year Fixed LTV <50%fixed4.755.1
Investor50% - 75%2 Year Fixed LTV 50% - 75%fixed4.995.3
Investor<50%5 Year Fixed LTV <50%fixed4.905.2
Investor50% - 75%5 Year Fixed LTV 50% - 75%fixed5.105.4
Investor<50%Variable LTV <50%variable4.604.9
Investor50% - 75%Variable LTV 50% - 75%variable4.805.1
InvestorRoll to Variable LTVroll to variable4.804.9
Switcher<=60%1 Year Fixed LTV <=60%fixed2.903.9
Switcher61%-80%1 Year Fixed LTV 61%-80%fixed2.904.2
Switcher>80%1 Year Fixed LTV >80%fixed2.904.4
Switcher<=60%2 Year Fixed LTV <=60%fixed2.903.8
Switcher61%-80%2 Year Fixed LTV 61%-80%fixed2.904
Switcher>80%2 Year Fixed LTV >80%fixed2.904.3
Switcher<=60%3 Year Fixed LTV <=60%fixed3.003.7
Switcher61%-80%3 Year Fixed LTV 61%-80%fixed3.003.9
Switcher>80%3 Year Fixed LTV >80%fixed3.004.1
Switcher<=60%5 Year Fixed LTV <=60%fixed3.003.6
Switcher61%-80%5 Year Fixed LTV 61%-80%fixed3.003.7
Switcher>80%5 Year Fixed LTV >80%fixed3.003.9
Switcher<=60%5 Year Fixed HVM* LTV <=60%fixed2.503.3
Switcher61%-80%5 Year Fixed HVM* LTV 61%-80%fixed2.503.5
Switcher>80%5 Year Fixed HVM* LTV >80%fixed2.503.7
Switcher<=60%10 Year Fixed LTV <=60%fixed3.303.5
Switcher61%-80%10 Year Fixed LTV 61%-80%fixed3.303.6
Switcher>80%10 Year Fixed LTV >80%fixed3.503.8
Switcher<=60%Variable LTV <=60%variable3.904
Switcher61%-80%Variable LTV 61%-80%variable4.204.3
Switcher>80%Variable LTV >80%variable4.504.6
Existing<=60%1 Year Fixed LTV <=60%fixed2.903.9
Existing61%-80%1 Year Fixed LTV 61%-80%fixed2.904.2
Existing>80%1 Year Fixed LTV >80%fixed2.904.4
Existing<=60%2 Year Fixed LTV <=60%fixed2.903.8
Existing61%-80%2 Year Fixed LTV 61%-80%fixed2.904
Existing>80%2 Year Fixed LTV >80%fixed2.904.3
Existing<=60%3 Year Fixed LTV <=60%fixed3.003.7
Existing61%-80%3 Year Fixed LTV 61%-80%fixed3.003.9
Existing>80%3 Year Fixed LTV >80%fixed3.004.1
Existing<=60%5 Year Fixed LTV <=60%fixed3.003.6
Existing61%-80%5 Year Fixed LTV 61%-80%fixed3.003.7
Existing>80%5 Year Fixed LTV >80%fixed3.003.9
Existing<=60%5 Year Fixed HVM* LTV <=60%fixed2.503.3
Existing61%-80%5 Year Fixed HVM* LTV 61%-80%fixed2.503.5
Existing>80%5 Year Fixed HVM* LTV >80%fixed2.503.7
Existing<=60%10 Year Fixed LTV <=60%fixed3.303.5
Existing61%-80%10 Year Fixed LTV 61%-80%fixed3.303.6
Existing>80%10 Year Fixed LTV >80%fixed3.503.8
Existing<=60%Variable LTV <=60%variable3.904
Existing61%-80%Variable LTV 61%-80%variable4.204.3
Existing>80%Variable LTV >80%variable4.504.6

 

Green Mortgage Fixed Interest Rate

The Green Mortgage fixed interest rate is a discount (reduction) of 0.20% that we apply to 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 A3 or better or are borrowing to build or up-grade your home so that it has a BER rating of A3 or better, AND you draw down your new mortgage loan between 18 July 2019 and 30 June 2020. Click here for full details and terms and conditions.

* HVM is the High Value Mortgage Fixed Interest Rate
The High Value Mortgage fixed interest rate is a five-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 €400,000 or more, AND you draw down your new mortgage loan between 18 July 2019 and 30 June 2020. Click here for full details and terms and conditions.

APRC calculations are based on the cost per month on a €100,000 mortgage over 20 years. Fixed rates roll to the corresponding new business variable rate at the end of the fixed period.

APRC is the Annual Percentage rate of Charge.

LTV is Loan to Value.

Owner Occupier rates

Owner Occupier rates are effective from 30th January 2019 and are subject to change. These rates are provided for information only. At the end of a fixed rate period, customers on a fixed rate can choose from our range of fixed rate options available to existing customers or roll to the LTV Variable rate applicable at that time. Customers on a variable rate can choose from our range of fixed rates available to existing customers. 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. Over 18s only. Mortgage approval is subject to assessment of suitability and affordability. You mortgage your property to secure the loan. We require property and life insurance. 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, 70% of the full property value for Buy to Let) but these limits may vary. A typical mortgage 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%). The total amount you pay is €148,114.60. APRC includes €150 valuation fee and mortgage charge of €175 paid to the Property Registration Authority. 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].

Bank of Ireland Mortgage Bank trading as Bank of Ireland Mortgages is regulated by the Central Bank of Ireland.

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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.