Bank of Ireland Mortgages

Bank of Ireland Mortgage Products

Bank of Ireland offers a comprehensive range of mortgage products tailored to different customer needs, including first-time buyers, home movers, those looking to switch their mortgage, buy-to-let investors, and customers interested in energy-efficient homes.

In this content, you will become informed about BOI mortgage products:

First Time Buyer Mortgage
Eco Save Mortgage
Switcher Mortgage
High Value Mortgage
Self-Build Mortgage
Buy-To-Let Mortgage
Bank of Ireland Mortgages: Key Features and Incentives
About Bank of Ireland
Why choose JC Mortgages as your Bank of Ireland Mortgage Broker?

First Time Buyer Mortgage

The Bank of Ireland First Time Buyer Mortgage is specifically tailored to ease the transition into homeownership for those stepping onto the property ladder for the first time. Here’s a breakdown of the key features designed with first-time buyers in mind:

Up to 4 times gross annual income (for joint applicants, combined income applies)
Up to 90% loan-to-value (LTV)
Terms up to 35 years
Option to defer repayments for the first 3 months (subject to approval)
Requires property and life insurance

Eco Save Mortgage

The Bank of Ireland EcoSaver Mortgage offers a distinctive approach to rewarding energy efficiency, providing discounted fixed interest rates to both new and existing customers based on their property’s Building Energy Rating (BER). Key features may include:

Tiered Discounts: With the EcoSaver Mortgage, you get a discount on your interest rate based on how energy efficient your home is. The better your Building Energy Rating (BER), the bigger your discount
Discounted Fixed Interest Rates: It provides reduced interest rates on fixed-rate mortgages based on the property’s Building Energy Rating (BER)
Applies to New and Existing Customers: Both individuals taking out a new mortgage and existing Bank of Ireland mortgage holders can benefit from the EcoSaver Mortgage
Encourages Sustainable Practices: The mortgage incentivizes investment in energy-efficient homes and upgrades, contributing to a greener environment
Energy Upgrade Support: Bank of Ireland has partnered with SSE Airtricity to provide a “One Stop Shop” for BER assessments, quotes, and retrofitting services, helping customers improve their home’s efficiency and maximize savings
Higher BER, Greater Discount: The better the BER rating of the property, the larger the interest rate discount you can receive. A-rated homes typically secure the most significant reduction

Switcher Mortgage

Bank of Ireland Switcher Mortgage, also known as remortgaging can help you secure a better rate, reduce your monthly repayments, or release equity for home improvements or other needs.
Key Steps in the BOI Switcher Mortgage Process:

Initial consultation
Approval in principle
Legal and valuation requirements
Formal loan offer
Insurance
Drawdown

Additional benefits:

Cashback: Bank of Ireland offers cashback on certain switcher mortgages, helping you save even more when you move your mortgage
Equity: You can also release equity as part of your switch, borrowing up to 90% of your property’s value, subject to standard lending criteria

High Value Mortgage

The Bank of Ireland High Value Mortgage is specifically designed for customers borrowing €250,000 or more to buy, build, or switch their primary residence. This product offers exclusive fixed interest rates over one, four, five, or seven years, which are generally lower than standard fixed rates, providing significant savings for larger loans.
Key Features:

Who is Eligible: Available to those borrowing at least €250,000 for their main home, whether purchasing, building, or switching from another lender. The mortgage must be drawn down before 31 December 2025
Fixed Rate Options: Choose from one, four, five, or seven-year fixed interest periods. After the fixed period ends, you can select from the standard rate options available
No Cashback: High Value Mortgage fixed rates do not come with cashback offers
Energy Efficiency Discounts: The fixed rate you receive is based on your property’s Building Energy Rating (BER), with better rates for more energy-efficient homes
Home Residence Only: This mortgage is not available for investment properties, holiday homes, or rental properties

Self-Build Mortgage

The Bank of Ireland Self-Build Mortgage is a flexible solution for those looking to construct their own home, with staged payments, standard lending limits, and expert support to help turn your plans into reality.

Important Information To Know:

Borrow up to 3.5 to 4 times your gross annual income for a self-build mortgage
Typically need at least a 10% deposit based on the total build and site cost
If you already own the site, its value can count towards your deposit
Must have full planning permission before mortgage funds are released
Provide detailed documentation: planning permission, site map, building plans, costings, and professional indemnity insurance
Mortgage funds are released in stages aligned with construction progress, certified by an architect or engineer
Employment status must be permanent and secure; lending criteria are stricter than for standard mortgages
Have an additional 10% contingency fund for unforeseen building costs
Eligible for government supports like Help to Buy and Local Authority Home Loan schemes if criteria are met
The process can take several weeks; early preparation and professional advice are recommended

Buy-To-Let Mortgage

Bank of Ireland’s Buy-to-Let mortgages provide flexible options for investors, including interest-only periods, competitive rates, and terms up to 30 years. With a maximum loan to value (LTV) of 70% and a standard variable rate currently at 4.85%, these products are suitable for both new and experienced landlords looking to finance or refinance rental properties.

Available for both new purchases and remortgaging existing investment properties
Loan terms available up to 30 years
Maximum loan typically up to 70% of the property’s value
Repayment options include:
- Full interest and capital repayments over the loan term
- Interest-only repayments for the first year (up to 70% loan-to-value, LTV)
- Interest-only repayments for the first five years (up to 60% LTV), then switching to standard repayments
Standard variable rate currently 4.85% (APRC 5.1%); for example, a €100,000 mortgage over 20 years costs €650.63 per month at this rate
Lending criteria and terms and conditions apply, including property insurance requirement
The property is mortgaged to secure the loan; APRC includes bank solicitor’s fee and outlays
A 1% rise in interest rates would increase repayments by about €55.55 per month on a €100,000 loan
Applicants must meet Bank of Ireland’s lending criteria; subject to status and property valuation

Looking to secure a Bank Of Ireland Mortgage? Find the BOI mortgage product that best suits your personal circumstances by contacting JC Mortgage Brokers for a free consultation and expert mortgage advice. Make contact today on 01-8102032 or email info@jcmortgages.ie.

Bank of Ireland Mortgages: Key Features and Incentives

Cashback Plus: Up to 2% cashback on your mortgage up front, with an additional 1% after five years (subject to conditions).
Flexi-Options: Allows customers to tailor their mortgage, for example, by taking payment breaks or making overpayments.
Maximum Terms: Mortgages available for terms between 6 and 35 years, depending on circumstances.
Loan-to-Value (LTV): Up to 90% for residential mortgages and up to 75% for buy-to-let.

Summary Table: Main Mortgage Products

Product Type	Key Features	Typical LTC	Repayment Types
Fixed Rate	Fixed repayments, 1–7 years	Up to 90%	Repayment
Standard Variable Rate	Rate can change anytime	Up to 90%	Repayment
Buy to Let	For rental properties, interest-only available	Up to 75%	Repayment/Interest Only
EcoSaver Mortgage	Rate reduction for energy upgrades	Up to 90%	Repayment
First Time Buyer	Cashback, no product fee (selected rates)	Up to 90%	Repayment
Switcher	Incentives for moving from another lender	Up to 90%	Repayment
Self-Build	Stage payments for new builds	Up to 90%	Repayment
Product Transfer	Switch to new product for existing customers	N/A	Repayment
Further Advance	Additional borrowing for existing customers	N/A	Repayment

About Bank of Ireland

Bank of Ireland Group plc is one of Ireland’s largest and most established financial services institutions, with a heritage dating back to its founding by Royal Charter in 1783. Appointed as the banker to the Irish Government in 1922, it has since expanded its operations across Ireland, the UK, and internationally, serving personal, business, and corporate customers with a comprehensive range of banking, wealth management, and insurance products.

Helping customers, and society to thrive, the Bank is committed to building stronger relationships, simplifying banking experiences, and driving sustainability at every level of its business. With a focus on responsible banking, it actively supports green finance initiatives while integrating technological advancements, such as early adoption of online and mobile banking solutions.

Through innovation, responsible banking, and a customer-first ethos, it continues to play a pivotal role in supporting financial wellbeing and economic progress for individuals and communities alike.

Why choose JC Mortgages as your Bank of Ireland Mortgage Broker?

With over 20 years of industry experience, JC Mortgages, led by John Coleman mortgage broker, offers expert guidance tailored to your unique financial circumstances. As specialists in BOI mortgage applications, we ensure a smooth, hassle-free process from start to finish, helping you secure the best rates and terms available.

What sets us apart?

Specialist support: Dedicated mortgage advisors with in-depth knowledge of Bank of Ireland’s offerings.
End-to-end assistance: From initial consultation to final approval, we’re with you at every step.
Tailored solutions: Whether you’re a first-time buyer or remortgaging, we find the best fit for you.

Ready to make your mortgage journey effortless? Contact JC Mortgage Brokers today at 01-8102032 or email info@jcmortgages.ie for a free consultation and expert mortgage advice.

You may also be interested in:

Residential Mortgages

For purchasing a home, moving home, or remortgaging.
Available on a repayment basis only.
Options for both fixed and variable interest rates2 3.

Fixed Rate Mortgages

Fixed monthly repayments for a set period (typically between 1 and 7 years).
Provides certainty against interest rate rises during the fixed period.
After the fixed period, the mortgage typically reverts to a variable rate1 2 3.

Standard Variable Rate (SVR) Mortgages

Interest rate can change at any time, usually in line with the Bank of England base rate or the lender’s own SVR.
Monthly repayments may go up or down during the mortgage term1 2.

Buy to Let Mortgages

For purchasing or remortgaging rental properties.
Available on a repayment, interest-only, or part-and-part basis.
Up to 75% loan-to-value (LTV) ratio for buy-to-let loans2 5.

Interest Only Mortgages

Monthly payments cover only the interest, not the capital.
The original loan amount must be repaid at the end of the term.
Available for buy-to-let and, in some cases, residential customers who meet specific criteria2.

EcoSaver Mortgage

Fixed interest rate mortgage linked to the property’s Building Energy Rating (BER).
Each time you improve your BER by a letter grade, your mortgage rate decreases.
Designed to incentivize and reward energy-efficient home upgrades3 6.

First Time Buyer Mortgages

Tailored for customers buying their first home.
Up to 90% LTV available.
Some products offer cashback incentives and no product fees on selected rates3 5.

Switcher Mortgages

For customers switching their mortgage from another lender.
May include incentives such as cashback, legal fee contributions, or no product fees3 5.

Self-Build Mortgages

For customers building their own home.
Funds released in stages as the build progresses3.

Product Transfer and Further Advance Mortgages

For existing Bank of Ireland mortgage holders who wish to switch to a new product or borrow additional funds against their property5.

Bespoke Mortgages (via Intermediaries)

Flexible, individually assessed products for complex cases.
Includes bespoke product transfers and further advance options for qualifying customers5.

Key Features and Incentives

Cashback Plus: Up to 2% cashback on your mortgage up front, with an additional 1% after five years (subject to conditions)3.
Flexi-Options: Allows customers to tailor their mortgage, for example, by taking payment breaks or making overpayments3 6.
Maximum Terms: Mortgages available for terms between 6 and 35 years, depending on circumstances1.
Loan-to-Value (LTV): Up to 90% for residential mortgages and up to 75% for buy-to-let5.