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Application Process

If you’ve decided to switch your mortgage to Bank of Ireland, what’s the next step?

Call our dedicated Switcher team on 0818 365 850.

Here is a quick summary of what to expect during the switching process.

Follow our step by step guide to switching and you could soon be saving money and availing of our cashback offer and low interest rates.

1. Our Switching Calculator will give you an indication of how much your repayments will be and how much you can save with a Bank of Ireland mortgage.

2. Our mortgage specialists will guide you through each stage of the application process. You can print the form here or ask for one at your local branch. Call our dedicated Switcher line on 0818 365 850 for further information.

3. At Bank of Ireland, we commit to getting back to you about your mortgage application really quickly so there’s no waiting around.

4. When you are switching your mortgage to Bank of Ireland, you will need a solicitor to act on your behalf to complete the legal work required. 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.

5. If your switching application is successful, we will send you out Mortgage Approval in Principle and related documentation. The Approval in Principle is valid for six months. When you have met the criteria and returned the necessary documentation we will then provide you with a formal Loan offer Letter which sets out the remaining terms and conditions for the mortgage and any further documentation required.

6. It is a legal requirement that you have buildings insurance in place covering your property. By law, you also need to take out a mortgage protection policy when you take out a mortgage. That way, if you were to die before your mortgage was paid off, the remainder of the loan would be paid off and your family wouldn’t have to worry about any unnecessary debt.

7. Your solicitor will liaise with us to transfer the mortgage amount to your previous lender once all the documentation is signed and in order.

8. We’ll give you 2% Cashback when you drawdown your new mortgage with us. You can also qualify for Cashback PLUS – we’ll give you an extra 1% of your mortgage back as cash after 5 years (once you meet the conditions of your mortgage). Find out more about our Cashback PLUS offer. (Terms and Conditions apply). Cashback is not available with the High Value Mortgage fixed interest rate or a standard variable rate.

Popular FAQ’s

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Information and Legal notices

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