Make the first step

with lower Fixed Rates and up to 3% Cashback

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’, 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 first-time buyers who draw down their new mortgage by 31st December 2019.

If you are not a Bank of Ireland customer or 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.

  • Terms and Conditions

    The Bank of Ireland Cashback PLUS Mortgage Offer

    • The Cashback PLUS Mortgage offer is available to you if:

      1. You (or one of you) is already an existing Bank of Ireland current account customer AND
      2. You use your mortgage loan to buy a home in the Republic of Ireland to live in yourself (as a First Time Buyer or Mover) or if you switch your mortgage loan to us from another lender (outside the Bank of Ireland Group) by re-mortgaging the house you live in AND
      3. You draw down your new mortgage loan between 5th September 2016 and 31st December 2019.
    • The Cashback PLUS Mortgage Offer is available whether you chose a fixed or variable rate for your mortgage.

    • 2% cashback payment will be 2% of the amount you borrow under your mortgage loan offer letter. The payment will be made into your mortgage-paying current account within 45 days of drawdown of your mortgage.

    • The 1% cashback payment at the end of year 5 is 1% of the mortgage loan amount you originally drew down. The 1% cashback payment will be made into your mortgage paying current account within 45 days of the 5th anniversary of your mortgage drawdown.

    • To qualify for the payment of 1% in year 5:

      1. Your mortgage must have been drawn down within the Cashback PLUS Mortgage offer period;
      2. The Loan originally drawn down less scheduled repayments must still be owing on the fifth anniversary of the draw down date;
      3. You must have made all of your mortgage payments in full and on time;
      4. You must have met all of your other obligations under your mortgage loan documents in full;
      5. You must still live in the home you mortgaged to secure the loan on the 5th anniversary; and
      6. We must not have agreed or arranged to allow you make any reduced mortgage repayments or stop making repayments for any time. If you qualify to take a three month payment holiday and avail of it, it does not affect your entitlement to the 1% cashback payment at year 5.
    • If you draw down your mortgage in stages (e.g. for a self-build):

      1. The first drawdown must be made between 5th September 2016 and 31st December 2019 to qualify for the offer.
      2. In addition, final drawdown must be made within 18 months of first drawdown
      3. The 2% Cashback will be paid within 45 days of the final stage drawdown and will be 2% of the amount you borrow under your initial mortgage loan offer letter.
      4. Any additional lending is excluded from the calculation, e.g. a top-up mortgage loan.
      5. The 1% cashback payment at year 5 is 1% of the amount you borrow under your initial mortgage loan offer letter. The 1% cashback payment will be made into your mortgage paying account within 45 days of the 5th anniversary of the final stage drawdown.
    • The Cashback PLUS Mortgage Offer is for our existing current account customers and is intended to reward their loyalty. We do not require you to use your Bank of Ireland current account to make your mortgage payments, or pay your salary into that account.

    • The Cashback PLUS Mortgage offer is not available (a) for top-up mortgages; b) for any mortgage to buy a property to let or for investment; or (c) for any mortgage where you do not borrow as a consumer. The Cashback Plus mortgage offer is only available on mortgages from Bank of Ireland Mortgage Bank.

    • We reserve the right to withdraw the Cashback PLUS Mortgage Offer at any time at our discretion, for example, to reflect any changes in law or regulation or how they are interpreted. If we do withdraw the offer before 31st December 2019, we will notify the public of this by putting an advertisement on our website and in at least one national newspaper.


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 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 (to maximum age 70).

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Guides & Tips

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Take the first 3 months off your First Time buyer mortgage

We all need a little break at times. That’s why First Time Buyers 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 1890 365 345.

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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 interest* 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.

*Bonus interest is subject to DIRT at the prevailing rate and will be paid to your account net of DIRT.
First-time buyers may be entitled to claim a refund of DIRT. For more information see the website. Bank of Ireland cannot take responsibility for information on third party websites.

Open a MortgageSaver account online and take the first step towards owning your dream home.

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Bank of Ireland is regulated by the Central Bank of Ireland

It’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.

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Speak with one of our lending specialists Mon-Fri 8am-8pm and Sat 10am-2pm

1890 365 345

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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. Ask us about the rate options available to you.


LTV <=60%
LTV 61%-80%
LTV >80%
Interest RateAPRCInterest RateAPRCInterest RateAPRC
1 Year Fixed2.9%3.9%2.9%4.2%2.9%4.4%
2 Year Fixed2.9%3.8%2.9%4.0%2.9%4.3%
3 Year Fixed3.0%3.7%3.0%3.9%3.0%4.1%
5 Year Fixed3.2%3.7%3.2%3.8%3.2%4.0%
10 Year Fixed3.5%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. 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.

LTV is Loan to Value.

Owner Occupier rates

Owner Occupier rates are effective from 30th January 2019 and are subject to change. These rates are provided for information only. At the end of a fixed rate period, customers on a fixed rate can choose from our range of fixed rate options or roll to the LTV Variable rate applicable at that time. Customers on a variable rate can choose from our range of fixed rates. To avail of a lower LTV fixed rate a property valuation report may be required.
3 months’ deferred payment is optional and subject to approval. After the deferred payment period, repayments are adjusted to repay the loan within its original term. The cost of the loan will be higher. A life Policy is required for an amount equal to 102% of the loan.
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. APRC includes €150 valuation fee and mortgage charge of €175 paid to the Property Registration Authority. 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].

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

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Warning: The cost of your monthly repayments may increase.

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 in the future.