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 31st December 2019.
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.
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:
|80% of €250,000||€200,000|
|Deposit required (20%)||€50,000|
Terms of up to 30 years are available to movers (to maximum age 70).
We have lots of useful house-buying and house-hunting content to get you ready for your move
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.
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
We’ll call to your home
Our Mobile Mortgage Managers will meet you at a time and place that suits you
Speak with one of our lending specialists Mon-Fri 8am-8pm and Sat 10am-2pm
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.
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.
Have a look at our range of competitive fixed and variable rates.
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
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].