Exclusive offer for First Time Buyers
Open a MortgageSaver account and we’ll top up your savings by €2,000.1
At Bank of Ireland we understand the challenges facing First Time Buyers in saving to buy a home. We want to help, with a €2,000 Bonus Interest on your savings when you draw down your Bank of Ireland mortgage.
How to qualify for the First Time Buyer MortgageSaver Bonus Interest:
- You must be a First Time Buyer and have a personal current account.
- 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 BOI 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, once you have €5,000 or more saved in your MortgageSaver account.
Bonus interest will only be paid on one MortgageSaver account on drawdown of the Mortgage.
Please note that to qualify for a First Time Buyer mortgage, both applicants must be First Time Buyers. “First Time Buyer Mortgage” means a mortgage where no party to the mortgage is currently or has previously been a borrower under a Housing Loan, either in Ireland or abroad, where a Housing Loan is defined as a loan secured on residential property where the borrower and /or their dependants intend to live.
When do I receive my MortgageSaver Bonus Interest?
- Bonus interest is paid net of DIRT, once your BOI mortgage has 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 Mortgage drawn down.
Bank of Ireland, helping you every step of the way to your new home.
Tips to get Mortgage ready
- Mortgage calculators – a great way to understand how much you can borrow and what your repayments might be;
- Ready to buy – the key steps to purchase your first home;
- Get information – talk to someone who has been through the process so you can learn what to expect. We have qualified mortgage specialists available across our branches nationwide and over the phone on 0818 365 345. Any of our mortgage specialists will be very happy to talk to you no matter where you are in your planning process – whether you’re hoping to buy shortly or just starting to save.