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’, 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).
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 or our standard variable interest rate.
What mortgage options are available?
In general, a mortgage of up to 4 times your gross annual income (combined income for joint applicants) is available to first-time buyers.
First-time buyers can borrow up to 90% of the property value. For example:
| Property price | €250,000 |
|---|---|
| 90% of €250,000 | €225,000 |
| Deposit required (10%) | €25,000 |
If you’re buying with someone else you must both be first-time buyers for the mortgage to be considered a first-time buyer mortgage. Terms of up to 35 years are available to first-time buyers, Movers and Switchers.
Take the first 3 months off your First Time buyer mortgage
We all need a little break at times. That’s why First Time Buyers1 don’t have to pay anything back for the first 3 months, so you can focus on getting settled in your new place.
To request the first 3 months off your repayments simply drop into your local branch, talk to your mortgage specialist or call 0818 365 345.
Apply Now For A MortgageMortgageSaver
Do you need to save regularly to build up a deposit for your first mortgage? If so, MortgageSaver could be the account for you. Open a MortgageSaver account and we’ll top up your savings by €2,000 bonus interest2 when you draw down your Bank of Ireland mortgage.
To qualify for the first-time buyer MortgageSaver Bonus Interest:
- You must be a first-time buyer and have a personal current account in the Republic of Ireland.
- Save a minimum of €200, maximum of €2,500 per month for at least 6 consecutive months in a MortgageSaver Account. You must save a minimum of €5,000 in total before you draw down your Bank of Ireland mortgage.
- Draw down a Bank of Ireland first-time buyer mortgage within 30 months of opening your MortgageSaver account.
- Use the money saved in your MortgageSaver account to help purchase your first home.
- The bonus interest will be a fixed payment of €2,000 (less DIRT).
Bonus interest will only be paid on one MortgageSaver account on drawdown of the Mortgage.
For joint mortgage applications, to qualify for a first-time buyer mortgage, all applicants must be first-time buyers.
When do I receive my MortgageSaver Bonus Interest?
- Bonus interest is paid net of DIRT once your Bank of Ireland mortgage has been drawn down
- We will contact you to let you know when the Bonus Interest has been paid into your MortgageSaver account
- Only one MortgageSaver Bonus Interest will be paid per property purchased.
Open a MortgageSaver account online and take the first step towards owning your dream home.
Apply NowIt’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
Interest Rates
We offer a wide range of fixed rate options. 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.
BER is Building Energy Rating.
Owner Occupier rates
The lender is Bank of Ireland Mortgage Bank u.c. or Bank of Ireland. 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 Property Registration Authority. 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. APRC calculations are based on the cost per month on a €100,000 mortgage over 20 years.