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Bank of Ireland
Bank of Ireland
Bank of Ireland was established in 1783 by Royal Charter. Today it has 17,000 employees in 8 countries worldwide.
It is the largest Irish bank by total assets and the highest rated, Irish listed financial institution.
The Bank of Ireland has offers several mortgage types types to its consumers. The types of mortgages offered are as follows:
- First Time Buyer
- Breakthrough
- ECB Tracker
- Trading Up
- Equity Release
| Bank of Ireland Mortgage Products |
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First Time Buyer: you can borrow up to 92% of the value of the property you want to buy. Your rate will be set at a special discount rate for the first year. You can choose from a variable, tracker or fixed rate.
This mortgage has flexible repayment options. An Insurance package is included. A loan, overdraft and credit card facilities are also included. |
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Breakthrough: this product is for people buying a house under a local authority affordable housing scheme. You can borrow up to 97% of the value of the property you want to buy. You can choose from a variable, tracker or fixed rate. Your mortgage term can be up to 35 years. This mortgage has flexible repayment options. An Insurance package is included. This mortgage is subject to approval by your Local Authority. |
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ECB Tracker Mortgage: this is a variable tracker rate product linked to the European Central Bank. Your mortgage is set at a rate above the ECB rate for the whole of the mortgage term. Any change in the ECB rate will be passed on to customers within 5 days. |
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Trading Up: Bank of Ireland have a specific mortgage for you if you are in the midst of selling your home to buy another. This mortgage aims to bridge the gap between moving by helping you financially in the meantime. |
Equity Release: this type of product could help you finance an extension to your home. This works by releasing the equity in your home, this is the difference between how much you owe on your mortgage balance and the value of your property.
If you are interested in a mortgage quotation including those offered by the Bank of Ireland please complete our quick enquiry form. |
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Bank of Ireland also has the following mortgage offers:
- Life Loan
- Investment Property
- Pension Mortgage
Life Loan: available to people over the age of 65 who own their own homes. It is designed to unlock a percentage of the value of the property and gives you access to a lump sum. No repayments are necessary until either the property is sold; the owner vacates the property for more than 6 months; or the owner dies.
Your rate is fixed for the first 15 years – when this ends you can choose from another fixed rate or a variable rate. Obtaining independent legal advice before you take out the loan is advised.
Investment Property: this is a buy to let product. Bank of Ireland can also help you with buying an overseas property.
Pension Mortgage: this is a tax efficient way of repaying a mortgage. This product is aimed at individuals who are self-employed or directors whose business are well established. |
| Current Bank of Ireland Mortgage Offers |
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