Bank of Ireland Mortgages

Bank of Ireland Profile

The Bank of Ireland is a banking group focused on financial services whose history goes back to June, 1783. The bank leads the domestic market in selected areas of business, targeting specific services in others. Based in Dublin, the generation of profits is well distributed with 55% coming from the Republic of Ireland, the other 45% from the UK, France, Germany, USA, Japan and Australia.

This is part of the Bank of Ireland group, offering a wide range of mortgages to meet the needs of off types of property buyers, including First Time Buyers, remortgages, Buy to Let and Self Certification or 'low doc' mortgages in addition to standard residential mortgages.

Their website is easy to navigate and offers mortgage calculators to enable you, not only to work out how much your mortgage will cost you, but also how much you can afford to offer for your new home based upon a specific interest rate, term of mortgage and the monthly payment you can afford.

When you apply for a mortgage from Bank of Ireland Mortgages you are provided with a dedicated underwriter who will handle your application until completion, not only helping to complete the transaction as quickly as possible but also allowing you a high degree of consistency in the people you are dealing with.

Bank of Ireland Mortgage Offer

First Time Buyers Package

It is an exciting time for everybody when they are purchasing their first home. The thrill of looking through adverts, checking estate agent’s windows and going house-hunting for their first home stays in people’s memories for ever. Although it is a thrilling period in your life, you also want it to go smoothly without a hitch, and you also want to be sure of what mortgage package you are signing up for.

Trade Up Mortgage

Most people have their dream home in their minds, and might even have come across it, but cannot afford it until they have more money to deposit and are earning more to pay the mortgage involved.

Switcher Mortgage Packages

A Switcher Package is designed for people that want to move an existing mortgage from one provider to another. That enables you to take advantage of competitive interest rates and repayment deals, but you have to be sure that the conditions won’t change once you have signed the agreement.

Breakthrough Mortgage Deals

The Bank of Ireland can offer you a Breakthrough Mortgage if you are purchasing a house through a Local Authority Affordable Housing Scheme. This a scheme that enables lower income groups to purchase new houses and apartments in areas where house prices are too high to enable low income groups to buy.

Property for Investment

The current high price of property has led to a rise in demand for rental property, and bricks and mortar will be the perennial investment attraction that it has always been. Buying to let is becoming a popular method of doing this, although there are other ways of investing your money in property.

Equity Release

If you have a lot of equity in your home, you could use that for any purpose you want, such as to have the holiday of your dreams, pay cash for a smaller home and have the rest to spend, or simply expand or modernize your existing home, perhaps making up part of what you spend on the increase in value of your house.

Interest Rates in Bank Of Ireland

Mortgage Type	Rate	APR	Cost per €1000
VAR LTV <50% NEW	2.50 %	2.50 %	5.300
VAR ALL LOANS & LTVS EX	2.95 %	3.00 %	5.520
1YR FIX FTB NEW	2.35 %	2.80 %	5.220
VAR 50-80% >500K NEW	2.60 %	2.60 %	5.350
VAR 50-80% <500K NEW	2.65 %	2.70 %	5.370
VAR >80% >500K NEW	2.80 %	2.80 %	5.440
VAR >80% <500K NEW	2.85 %	2.90 %	5.470
2YR FIX LTV <80% NEW BUS	3.39 %	2.80 %	5.740
2YR FIX LTV >80% NEW BUS	3.39 %	3.00 %	5.740
2YR FIX EX	3.99 %	3.20 %	6.050
3YR FIX EX	4.19 %	3.40 %	6.150
3YR FIX LTV <80% NEW BUS	3.89 %	3.10 %	6.000
3YR FIX LTV >80% NEW BUS	3.89 %	3.20 %	6.000
5YR FIX EX	4.75 %	3.90 %	6.450
5YR FIX LTV <80% NEW BUS	4.39 %	3.50 %	6.260
5YR FIX LTV >80% NEW BUS 16b	4.39 %	3.60 %	6.260