Switching mortgage

Why choose us for a mortgage?

Competitive rates

Our competitive interest options include variable rates and fixed rates up to 10 years. Use our calculator or view our rates table to help decide your rate.

Expert guidance

Switching to Bank of Ireland is easy. Our dedicated switching team are here to help make the switch as seamless as possible.

Flexible repayments

Control your mortgage repayments to suit your lifestyle with our mortgage flexi-options. Terms and conditions apply.

Potential savings

By switching, you could benefit from lower rates compared to your current lender, reducing your overall repayment costs.

Extra borrowing options

Switchers also have the option to borrow money for things like renovations. Subject to lending criteria.

Cashback offer

With Cashback Plus, you can get up to 3% of your mortgage drawdown back in cash (2% after you draw down and 1% after 5 years) on qualifying fixed rates. Terms and conditions apply.1

Better BER, better fixed rate

Enjoy an EcoSaver fixed interest rate linked to your Building Energy Rating (BER). The better your BER, the better your fixed interest rate. Terms and conditions apply.2


Plan your budget with our mortgage calculator

Get an idea of how much you can afford to borrow and plan your budget with our mortgage calculator.

Try our mortgage calculator


It’s a good idea to review your mortgage from time to time, as there may be better options (for example, from other lenders) that could save you money.

We can give you or your solicitor your current interest rate along with other rates we offer, so you can compare and see what works best for you. The Competition and Consumer Protection Commission has more information about switching your mortgage at CCPC.ie

*Bank of Ireland is not responsible for information on third party sites.

Our mortgage guide for switchers


Mortgage Switcher Guide

  • Step 1: Check if switching to Bank of Ireland could save you money
    Call our dedicated Switcher team on 0818 365 850 (9am to 5pm, Monday to Friday) or use our switcher calculator to discover if switching could lower your interest rate or reduce your monthly repayments. Consider factors like switching fees, early repayment charges, and your remaining mortgage term to determine potential savings you could make.

  • Step 2: Start your application
    Once you’ve decided to switch, it’s time to fill in your mortgage application online, in a branch, or over the phone. You can also print our application form).

  • Step 3: Provide requested documents
    Alongside your switching application, you’ll need documents like:

    – Proof of identification and address – your current passport or driver’s licence and a recent utility bill
    – Proof of income – your last two payslips and a salary certificate if you’re a PAYE employee or your most recent 2 years’ audited accounts if you’re self-employed
    – Records of your finances – your last 6 months’ current account statements and 6 months’ savings account statements demonstrating regular saving (if your accounts are not with Bank of Ireland)
    – Proof of mortgage repayments – a current mortgage statement showing your last 12 repayments for any existing mortgage held with another financial institution
    – Additional documents (if relevant) – things like separation/divorce agreement, evidence of inheritance, and statements for recently closed loans

  • Step 4: Appoint a solicitor
    If you do not already have a solicitor, now is the time to appoint one to help ensure everything is done legally and correctly during the switching process. We will send a copy of all loan documentation to your solicitor. You will also need to organise a valuation. You will need your own funds to pay your valuer and solicitor before the mortgage is issued.

    Remember: You mortgage your home to secure the loan.

  • Step 5: Get approval in principle (AIP)
    If your application to switch is successful, we’ll send you a formal ‘Approval in principle’ letter. This will give you the confidence to move forward with the switch.

    Remember: AIP is not a loan offer. AIP generally lasts for 6 months. If it expires, you’ll need to apply for AIP again.

  • Step 6: Take out home insurance and mortgage protection
    It is a legal requirement that you have home insurance in place covering your property. By law, you also need to take out a mortgage protection policy when you take out a mortgage.

    Remember: You may be able to keep your existing home insurance and mortgage protection policies if the cover is sufficient.

  • Step 7: Complete your application
    Once you’re ready to proceed, contact us to finalise your mortgage application. At that stage, we’ll send you a formal ‘Mortgage Loan Offer’. It will include details of any final requirements you may need to meet before you can draw down the money.

  • Step 8: Complete the switch
    Review the new mortgage terms, work with your solicitor to finalise the switch, and complete all the necessary paperwork.



Are you worried about getting a new mortgage after financial difficulty?

If you’ve had financial difficulties before and want to switch to Bank of Ireland, we can help. Just call our mortgage specialists. They’ll discuss your application, what caused your financial issues, and what you can afford now.

Call 0818 200 390


What makes us different?

Manage your mortgage

We have two dedicated mortgage portals; one designed to help you view your mortgage details and the other to allow you make changes to your existing mortgage.

Manage my mortgage

Choose how you apply

You can talk to us about your mortgage journey online, in-branch, or over the phone.

Start application now

How much can you borrow?

Switchers can generally borrow up to 3.5 times your gross annual income (or combined income for joint applicants) and up to 90% of the property’s value. These limits can vary depending on your circumstances, so it’s best to talk to us about your options.

Property price€250,000
Mortgage amount 90% of €250,000€225,000
Deposit required 10% of €250,000€25,000


The lender is Bank of Ireland Mortgage Bank u.c. 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 €613.16 per month at 4.15% variable (Annual Percentage Rate of Charge (APRC) 4.3%). APRC includes €150 valuation fee and mortgage charge of €175 paid to the Tailte Éireann. The total amount you pay is €147,482.50. We require property and life insurance. You mortgage your home to secure the loan. Maximum loan is generally 3.5 times gross annual income (4 times gross annual income for first-time buyers) and 90% of the property value. A 1% interest rate rise would increase monthly repayments by €53.89 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. The mortgage will be subject to assessment of suitability and affordability. APRC calculations are based on the cost per month on a €100,000 mortgage over 20 years.

Mortgage-related products

Mortgage protection

Helps towards repaying your mortgage if you pass away or are diagnosed with a covered serious illness (if you choose this benefit). Giving peace of mind to you and your family.

Home insurance

Safeguard your home and personal belongings from fire, flood, or theft with comprehensive insurance. Home insurance gives you peace of mind that your property and belongings are fully protected.


Want to upgrade your BER?

Plan works, estimate the costs and savings of improving your home’s energy efficiency and view financing options.

Try our energy upgrade tool


Frequently asked questions



Being mindful about borrowing

Your financial wellbeing is our priority. Discover more about the relationship between borrowing and debt to make informed decisions about your mortgage and future.

Learn more about borrowing and debt


Need a helping hand?

Get support and assistance from our mortgage specialists, 9am to 5pm, Monday to Friday. Choose your preferred way to talk to us.

You can call us

Call 0818 365 345

We can call you

Request a callback

Meet a specialist

Book an appointment
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, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Warning: The cost of your monthly repayments may increase.

Information and legal notices

Legal and regulatory information for mortgages.

View information and legal notices


1 Up to 3% cashback is available to first-time buyers, movers and switchers who draw down a new mortgage. 2% cashback on draw down of a new mortgage. 1% bonus in 5 years subject to meeting the conditions of the mortgage. Additional 1% bonus not available for buy-to-let investment or equity release mortgages. Cashback is not available on High Value Mortgage fixed interest rates or standard variable rate. Terms and conditions apply.

HVM is the High Value Mortgage Fixed Interest Rate:
The High Value Mortgage Interest rates are a one, four, five or seven 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 €250,000 or more. View High Value Mortgage fixed interest rate for full details and terms and conditions.
2 The EcoSaver fixed interest rate provides customers with discounts based on their Building Energy Rating (BER). The better the BER, the better the discount. The EcoSaver fixed rate is available to all customers, if you're new to Bank of Ireland or already have a mortgage with us. You can get the EcoSaver fixed interest rate if you are borrowing to buy a home for yourself or your family, an investment property to let, or you're switching your mortgage loan to us from another lender. You must supply a valid BER certificate to take advantage of the EcoSaver fixed rate. Available with fixed rates only. Terms and conditions apply.

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