Mortgage and Loan Comparison in Ireland

Thinking about Buying? A good first step is talking to a Bank of Ireland mortgage advisor. Read on to find out how much you could borrow.

Ireland’s oldest bank today provides a wide range of different banking services to personal and business customers, including personal loan, student loan, holiday loan, car loan and mortgage.

About Bank Of Ireland

The Bank of Ireland is Ireland’s oldest bank and until 1971, it was the official Irish government bank. The headquarters of the Bank of Ireland is in Dublin, but it has a number of branches across the UK.

Today the Bank of Ireland UK provides a wide range of different banking services to personal and business customers. These include deposit and savings accounts, loans, foreign exchange facilities, asset finance, and mortgages.

Bank of Ireland UK mortgages are available for first time buyers, home owners wishing to re-mortgage, self build, or move home. Landlords are also catered for with a selection of buy to let Bank of Ireland UK mortgages. The bank welcomes new and existing customers.

Products available from the Bank of Ireland UK include fixed rate, variable rate, tracker and interest only mortgages.

Fixed Rate or Variable – Which is Best ?

The most important thing to remember is with a fixed rate, you have the safety of knowing exactly what your mortgage repayments will be for a certain period of time. You will not be affected by sudden increases )or decreases.  With interest rates at their lowest for many years – it is likely that variable rates will increase during the next 5 to 10 years.

Over the past several years it was usually the case that  variable mortgage rates were often lower than fixed rates –  but right now some of the fixed rate deals are at their cheapest ever and some are lower than variable rates.

How much of a mortgage can you get?

Lenders use different ways to work out the amount of money they will lend you for a mortgage, and they have to follow certain Central Bank rules when doing this. Some will lend you a multiple of your annual income. Others will try to make sure that your monthly mortgage repayment doesn’t go above a certain percentage of your take-home income or that you have a certain amount of money to live on each month after all your commitments are met.

Use the Mortgage Calculator to find out more.

Mortgage Incentives

Our Top Recommendation:
BOI offer 2% cashback to all new customers and 3% to existing ones. (no maximum)

EBS also give 2% cashback to all new mortgage customers.
Ulster Bank offer €1500 towards legal fees for all new customers.
PTSB also offer 2% cashback for new customers
KBC will give €2000 to mortgage switchers only.
AIB give €2000 towards legal fees for switchers.
Pepper will give up to €1500 towards legal fees if you’re switching a mortgage or buying an investment property.

>> Click Here to find out more on BOI Mortgage and Loan