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And get 2% Cashback when you drawdown your new Buy to Let mortgage

Features and Benefits of the 2% Cashback offer

We will give you 2% of your new mortgage back as cash if you top up an existing mortgage or buy an investment property, or if you are not a Bank of Ireland current account customer and you buy your first home, move home or switch your mortgage to us.

Our 2% Cashback offer is available to you if:

  • You take out an Equity Release to top up an existing mortgage with us;
  • You take out a Buy to Let mortgage to buy an investment property;
  • You buy your first home, move home or switch your mortgage to us and you are not a Bank of Ireland current account customer;
  • And you draw down your new mortgage between 5th September 2016 and 31 December 2020.
  • Cashback is not available with the High Value Mortgage fixed interest rate.

Other reasons to choose Bank of Ireland for your Mortgage:

  • We have qualified mortgage expertise available across our network of 250 branches nationwide;
  • Our Mobile Mortgage Managers will meet you at a time and place that suits you in the evenings or at weekends;
  • 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;
  • We offer a range of flexi-options to allow you to tailor your mortgage to your needs.
  • Terms and Conditions
    • The 2% Cashback Mortgage offer is available to you if:

    (i)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
    • to switch your mortgage loan to us from another lender (outside the Bank of Ireland Group) by re-mortgaging the house you live in, or
    • to top-up a mortgage, or
    • to buy a property to let or for investment; AND

    ​(ii) You draw down your new mortgage loan between 5th September 2016 and 31st December 2020.

    • The 2% Cashback 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.

    • Cashback is not available with the High Value Mortgage fixed interest rate.

    If you draw down your mortgage in stages (e.g. for a self-build):

    • The first drawdown must be made between 5th September 2016 and 31st December 2020 to qualify for the offer.

    • In addition, final drawdown must be made within 18 months of first drawdown

    • 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(any additional lending is excluded from the calculation, e.g. a top-up mortgage loan).

    • The 2% Cashback Mortgage offer is not available for any mortgage where you do not borrow as a consumer.

    • We reserve the right to withdraw the 2% Cashback 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 2020, we will notify the public of this by putting an advertisement on our website and in at least one national newspaper.
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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.

A typical mortgage to buy your home 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%). APRC includes €150 valuation fee and mortgage charge of €175 paid to the Property Registration Authority. The total amount you pay is €148,114.60. We require property and life insurance. You mortgage your home to secure the loan. 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). 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.

Investor (Buy to Let)

The lender is Bank of Ireland Mortgages. Lending criteria and terms and conditions apply. A typical Buy to Let mortgage of €100,000 over 20 years with 240 monthly instalments costs €647.91 per month at 4.8% variable (Annual Percentage Rate of Charge (APRC) 5.1%). APRC includes a fee for the Banks solicitor of €950 plus VAT at 23% plus outlay of up to €350. The total amount you pay is €157,016.90. We require property insurance. You mortgage the property to secure the loan. Maximum loan is generally 70% of the property value. A 1% interest rate rise would increase monthly repayments by €55.43 per month. The cost of your monthly repayments may increase – if you do not keep up your repayments you may lose your home. These limits will vary according to individual circumstances.

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