Strike a better deal
with up to 3% Cashback when you switch.
Over the last year, people who’ve switched their mortgage to Bank of Ireland have discovered just how easy it is to do this. More importantly, they stand to gain an average cashback windfall of €8,000.
€8,000 is based on the average mortgage switched to Bank of Ireland, with 2% cashback paid on drawdown, and the remaining 1% cashback after five years.*
How would you use yours?
- Got grand designs on some home improvements?
- Want to put a little aside for a rainy day?
- Maybe paying off some bills is what you’ve got in mind?
However you choose to use your cashback, the Switcher team is here to help.
You can simply apply online now or call us on 1890 365 850. We’ll work out how much cashback you could get, and how much you can save by switching your mortgage to Bank of Ireland.
*The average mortgage switched to Bank of Ireland in the 12 months to June 2018 was €277,734, of which the average cashback is €8,332.
Get up to 3% Cashback
- Get 2% of your new mortgage back as cash after you switch and draw down your new 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 Owner-Occupier switchers who draw down their new mortgage by 31st December 2019.
If you are not a Bank of Ireland customer or if you switch a Buy to Let Investment mortgage, you can still avail of our 2% Cashback offer when you draw down your mortgage.
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 switchers and you can borrow up to 80% of the property value. These limits can vary so come and talk to us.
Terms of up to 30 years are available to switchers (to maximum age 70).
Flexible repayment options
You’ll get access to a range of flexible repayment options.
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. Find out more.
Switching isn’t just easy, it’s flexible.
It’s so easy to contact us to talk about mortgages
Are you ready to take the next step and get switched on to switching? 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 switching specialists Mon-Fri 8am-8pm and Sat 10am-2pm
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. Ask us about the rate options available to you or find out more about our mortgage interest rates here.
|Interest Rate||APRC||Interest Rate||APRC||Interest Rate||APRC|
|1 Year Fixed||2.9%||3.9%||2.9%||4.2%||2.9%||4.4%|
|2 Year Fixed||2.9%||3.8%||2.9%||4.0%||2.9%||4.3%|
|3 Year Fixed||3.0%||3.7%||3.0%||3.9%||3.0%||4.1%|
|5 Year Fixed||3.2%||3.7%||3.2%||3.8%||3.2%||4.0%|
|10 Year Fixed||3.5%||3.7%||3.5%||3.8%||3.7%||4.0%|
APRC calculations are based on the cost per month on a €100,000 mortgage over 20 years. APRC includes €150 valuation fee and mortgage charge of €175 paid to the Property Registration Authority.
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. 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].