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 €9,600.
€9,600 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.1
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 0818 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.
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’, 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 31 December 2024.
If you switch 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 switchers and you can borrow up to 90% of the property value. These limits can vary so come and talk to us.
Terms of up to 35 years are available to switchers.
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 our rate options available to existing 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 extensive nationwide branch network
We’ll call to your home
Our Mobile Mortgage Managers will meet you at a time and place that suits you
Let us call you
Talk to us via Skype or Facetime
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.
mortgage type name | ltv rule | product ltv description | fixed or variable | interest rate percentage | apr |
---|---|---|---|---|---|
First Time Buyer | <=60% | 1 Year Fixed LTV <=60% | fixed | 4.65 | 4.8 |
First Time Buyer | 61%-80% | 1 Year Fixed LTV 61%-80% | fixed | 4.65 | 4.8 |
First Time Buyer | >80% | 1 Year Fixed LTV >80% | fixed | 4.65 | 4.9 |
First Time Buyer | <=60% | 2 Year Fixed LTV <=60% | fixed | 4.65 | 4.8 |
First Time Buyer | 61%-80% | 2 Year Fixed LTV 61%-80% | fixed | 4.65 | 4.8 |
First Time Buyer | >80% | 2 Year Fixed LTV >80% | fixed | 4.65 | 4.9 |
First Time Buyer | <=60% | 3 Year Fixed LTV <=60% | fixed | 4.75 | 4.9 |
First Time Buyer | 61%-80% | 3 Year Fixed LTV 61%-80% | fixed | 4.75 | 4.9 |
First Time Buyer | >80% | 3 Year Fixed LTV >80% | fixed | 4.75 | 4.9 |
First Time Buyer | <=60% | 5 Year Fixed LTV <=60% | fixed | 4.75 | 4.9 |
First Time Buyer | 61%-80% | 5 Year Fixed LTV 61%-80% | fixed | 4.75 | 4.9 |
First Time Buyer | >80% | 5 Year Fixed LTV >80% | fixed | 4.75 | 4.9 |
First Time Buyer | <=60% | 4 Year Fixed HVM* LTV <=60% | fixed | 3.95 | 4.2 |
First Time Buyer | 61%-80% | 4 Year Fixed HVM* LTV 61%-80% | fixed | 3.95 | 4.4 |
First Time Buyer | >80% | 4 Year Fixed HVM* LTV >80% | fixed | 3.95 | 4.5 |
First Time Buyer | <=60% | 5 Year Fixed HVM* LTV <=60% | fixed | 4.25 | 4.4 |
First Time Buyer | 61%-80% | 5 Year Fixed HVM* LTV 61%-80% | fixed | 4.25 | 4.5 |
First Time Buyer | >80% | 5 Year Fixed HVM* LTV >80% | fixed | 4.25 | 4.6 |
First Time Buyer | <=60% | 7 Year Fixed HVM* LTV <=60% | fixed | 4.3 | 4.4 |
First Time Buyer | 61%-80% | 7 Year Fixed HVM* LTV 61%-80% | fixed | 4.3 | 4.5 |
First Time Buyer | >80% | 7 Year Fixed HVM* LTV >80% | fixed | 4.3 | 4.6 |
First Time Buyer | <=60% | 10 Year Fixed LTV <=60% | fixed | 5.05 | 5.2 |
First Time Buyer | 61%-80% | 10 Year Fixed LTV 61%-80% | fixed | 5.05 | 5.2 |
First Time Buyer | >80% | 10 Year Fixed LTV >80% | fixed | 5.25 | 5.4 |
First Time Buyer | <=60% | Variable LTV <=60% | variable | 4.15 | 4.3 |
First Time Buyer | 61%-80% | Variable LTV 61%-80% | variable | 4.45 | 4.6 |
First Time Buyer | >80% | Variable LTV >80% | variable | 4.75 | 4.9 |
Mover | <=60% | 1 Year Fixed LTV <=60% | fixed | 4.65 | 4.8 |
Mover | 61%-80% | 1 Year Fixed LTV 61%-80% | fixed | 4.65 | 4.8 |
Mover | >80% | 1 Year Fixed LTV >80% | fixed | 4.65 | 4.9 |
Mover | <=60% | 2 Year Fixed LTV <=60% | fixed | 4.65 | 4.8 |
Mover | 61%-80% | 2 Year Fixed LTV 61%-80% | fixed | 4.65 | 4.8 |
Mover | >80% | 2 Year Fixed LTV >80% | fixed | 4.65 | 4.9 |
Mover | <=60% | 3 Year Fixed LTV <=60% | fixed | 4.75 | 4.9 |
Mover | 61%-80% | 3 Year Fixed LTV 61%-80% | fixed | 4.75 | 4.9 |
Mover | >80% | 3 Year Fixed LTV >80% | fixed | 4.75 | 4.9 |
Mover | <=60% | 5 Year Fixed LTV <=60% | fixed | 4.75 | 4.9 |
Mover | 61%-80% | 5 Year Fixed LTV 61%-80% | fixed | 4.75 | 4.9 |
Mover | >80% | 5 Year Fixed LTV >80% | fixed | 4.75 | 4.9 |
Mover | <=60% | 4 Year Fixed HVM* LTV <=60% | fixed | 3.95 | 4.2 |
Mover | 61%-80% | 4 Year Fixed HVM* LTV 61%-80% | fixed | 3.95 | 4.4 |
Mover | >80% | 4 Year Fixed HVM* LTV >80% | fixed | 3.95 | 4.5 |
Mover | <=60% | 5 Year Fixed HVM* LTV <=60% | fixed | 4.25 | 4.4 |
Mover | 61%-80% | 5 Year Fixed HVM* LTV 61%-80% | fixed | 4.25 | 4.5 |
Mover | >80% | 5 Year Fixed HVM* LTV >80% | fixed | 4.25 | 4.6 |
Mover | <=60% | 7 Year Fixed HVM* LTV <=60% | fixed | 4.3 | 4.4 |
Mover | 61%-80% | 7 Year Fixed HVM* LTV 61%-80% | fixed | 4.3 | 4.5 |
Mover | >80% | 7 Year Fixed HVM* LTV >80% | fixed | 4.3 | 4.6 |
Mover | <=60% | 10 Year Fixed LTV <=60% | fixed | 5.05 | 5.2 |
Mover | 61%-80% | 10 Year Fixed LTV 61%-80% | fixed | 5.05 | 5.2 |
Mover | >80% | 10 Year Fixed LTV >80% | fixed | 5.25 | 5.4 |
Mover | <=60% | Variable LTV <=60% | variable | 4.15 | 4.3 |
Mover | 61%-80% | Variable LTV 61%-80% | variable | 4.45 | 4.6 |
Mover | >80% | Variable LTV >80% | variable | 4.75 | 4.9 |
Investor - New | <50% | 2 Year Fixed LTV <50% | fixed | 6.5 | 6.9 |
Investor - New | 50% - 75% | 2 Year Fixed LTV 50% - 75% | fixed | 6.74 | 7.1 |
Investor - New | <50% | 5 Year Fixed LTV <50% | fixed | 6.65 | 7 |
Investor - New | 50% - 75% | 5 Year Fixed LTV 50% - 75% | fixed | 6.85 | 7.3 |
Investor - New | <50% | Variable LTV <50% | variable | 4.85 | 5.1 |
Investor - New | 50% - 75% | Variable LTV 50% - 75% | variable | 5.05 | 5.4 |
Investor - New | Roll to Variable | roll to variable | 5.05 | 5.1 | |
Switcher | <=60% | 1 Year Fixed LTV <=60% | fixed | 4.65 | 4.8 |
Switcher | 61%-80% | 1 Year Fixed LTV 61%-80% | fixed | 4.65 | 4.8 |
Switcher | >80% | 1 Year Fixed LTV >80% | fixed | 4.65 | 4.9 |
Switcher | <=60% | 2 Year Fixed LTV <=60% | fixed | 4.65 | 4.8 |
Switcher | 61%-80% | 2 Year Fixed LTV 61%-80% | fixed | 4.65 | 4.8 |
Switcher | >80% | 2 Year Fixed LTV >80% | fixed | 4.65 | 4.9 |
Switcher | <=60% | 3 Year Fixed LTV <=60% | fixed | 4.75 | 4.9 |
Switcher | 61%-80% | 3 Year Fixed LTV 61%-80% | fixed | 4.75 | 4.9 |
Switcher | >80% | 3 Year Fixed LTV >80% | fixed | 4.75 | 4.9 |
Switcher | <=60% | 5 Year Fixed LTV <=60% | fixed | 4.75 | 4.9 |
Switcher | 61%-80% | 5 Year Fixed LTV 61%-80% | fixed | 4.75 | 4.9 |
Switcher | >80% | 5 Year Fixed LTV >80% | fixed | 4.75 | 4.9 |
Switcher | <=60% | 4 Year Fixed HVM* LTV <=60% | fixed | 3.95 | 4.2 |
Switcher | 61%-80% | 4 Year Fixed HVM* LTV 61%-80% | fixed | 3.95 | 4.4 |
Switcher | >80% | 4 Year Fixed HVM* LTV >80% | fixed | 3.95 | 4.5 |
Switcher | <=60% | 5 Year Fixed HVM* LTV <=60% | fixed | 4.25 | 4.4 |
Switcher | 61%-80% | 5 Year Fixed HVM* LTV 61%-80% | fixed | 4.25 | 4.5 |
Switcher | >80% | 5 Year Fixed HVM* LTV >80% | fixed | 4.25 | 4.6 |
Switcher | <=60% | 7 Year Fixed HVM* LTV <=60% | fixed | 4.3 | 4.4 |
Switcher | 61%-80% | 7 Year Fixed HVM* LTV 61%-80% | fixed | 4.3 | 4.5 |
Switcher | >80% | 7 Year Fixed HVM* LTV >80% | fixed | 4.3 | 4.6 |
Switcher | <=60% | 10 Year Fixed LTV <=60% | fixed | 5.05 | 5.2 |
Switcher | 61%-80% | 10 Year Fixed LTV 61%-80% | fixed | 5.05 | 5.2 |
Switcher | >80% | 10 Year Fixed LTV >80% | fixed | 5.25 | 5.4 |
Switcher | <=60% | Variable LTV <=60% | variable | 4.15 | 4.3 |
Switcher | 61%-80% | Variable LTV 61%-80% | variable | 4.45 | 4.6 |
Switcher | >80% | Variable LTV >80% | variable | 4.75 | 4.9 |
Existing | <=60% | 1 Year Fixed LTV <=60% | fixed | 4.15 | 4.3 |
Existing | 61%-80% | 1 Year Fixed LTV 61%-80% | fixed | 4.15 | 4.5 |
Existing | >80% | 1 Year Fixed LTV >80% | fixed | 4.15 | 4.8 |
Existing | <=60% | 2 Year Fixed LTV <=60% | fixed | 4.15 | 4.3 |
Existing | 61%-80% | 2 Year Fixed LTV 61%-80% | fixed | 4.15 | 4.5 |
Existing | >80% | 2 Year Fixed LTV >80% | fixed | 4.15 | 4.7 |
Existing | <=60% | 3 Year Fixed LTV <=60% | fixed | 4.25 | 4.4 |
Existing | 61%-80% | 3 Year Fixed LTV 61%-80% | fixed | 4.25 | 4.5 |
Existing | >80% | 3 Year Fixed LTV >80% | fixed | 4.25 | 4.7 |
Existing | <=60% | 5 Year Fixed LTV <=60% | fixed | 4.25 | 4.4 |
Existing | 61%-80% | 5 Year Fixed LTV 61%-80% | fixed | 4.25 | 4.5 |
Existing | >80% | 5 Year Fixed LTV >80% | fixed | 4.25 | 4.6 |
Existing | <=60% | 10 Year Fixed LTV <=60% | fixed | 4.55 | 4.7 |
Existing | 61%-80% | 10 Year Fixed LTV 61%-80% | fixed | 4.55 | 4.7 |
Existing | >80% | 10 Year Fixed LTV >80% | fixed | 4.75 | 4.9 |
Existing | <=60% | Variable LTV <=60% | variable | 4.15 | 4.3 |
Existing | 61%-80% | Variable LTV 61%-80% | variable | 4.45 | 4.6 |
Existing | >80% | Variable LTV >80% | variable | 4.75 | 4.9 |
Investor - Existing | <50% | 2 Year Fixed LTV <50% | fixed | 6 | 6.4 |
Investor - Existing | 50% - 75% | 2 Year Fixed LTV 50% - 75% | fixed | 6.24 | 6.6 |
Investor - Existing | <50% | 5 Year Fixed LTV <50% | fixed | 6.15 | 6.5 |
Investor - Existing | 50% - 75% | 5 Year Fixed LTV 50% - 75% | fixed | 6.35 | 6.7 |
Investor - Existing | Roll to Variable | roll to variable | 5.05 | 5.1 |
Go to the ‘Mover’ tab for the rates that are available to you if you are moving property or looking to apply for an Equity Release
* HVM is our High Value Mortgage Fixed Interest Rates
The High Value Mortgage fixed interest rates are a 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, AND you draw down your new mortgage loan by 31 December 2024. Click here for full details and terms and conditions.
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 (4 times gross annual income for first time buyers) and 90% of the property value, (70% of the full property value for Buy to Let) but these limits may vary. A typical mortgage to buy your home of €100,000 over 20 years with 240 monthly instalments costs €629.07 per month at 4.45% variable (Annual Percentage Rate of Charge (APRC) 4.6%). The total amount you pay is €151,301.80. A 1% interest rate rise would increase monthly repayments by €54.61 per month. [The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home].