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Bank of Ireland
In 1783, the Bank of Ireland opened its doors, and since then it has developed a range of services to serve their clients and to become the highest rated Irish bank.
The Bank of Ireland offers the following kinds of mortgages: 100% LTV, First Time Buyer, Breakthrough, ECB Tracker, Trading Up, and Equity Release.
Only if you are a first time home buyer are you eligible for the 100% mortgage. The Bank of Ireland could loan you the entire cost of a house with at least 2 bedrooms, including the deposit, at a variable, tracker, or fixed rate.
Also if you are a first time home buyer, you can apply for the First Time Buyer mortgage, which offers up to 92% of the cost of the home and a discount on the first year of payments. This Bank of Ireland mortgage has other possible inclusions such as insurance and flexible repayment options.
If you are eligible to buy a house that falls under a local authority’s affordable housing plan, then Bank of Ireland’s Breakthrough mortgage could be for you. Loans cover up to 97% of the cost of the house and can be taken out for a period of 35 years.
The Bank of Ireland offers two mortgages that are of interest to those who already own homes. Their Trading Up mortgage is for people that are selling one home to buy another, and the Equity Release plan allows you to borrow money for home improvements against the value that has built in your home.
If you are in the market for a mortgage, use our tools on SimplyFinance.co.uk to find the best company and product for you, keeping in mind that this article should not be interpreted as financial advice or as a recommendation by SimplyFinance to use any individual service or to invest with any company advertised or mentioned.
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TODAY’S MORTGAGE RATES
| Loan Type | Rate | APR |
|---|---|---|
| Fixed | 5.6% | 6.9% |
| Tracker | 5.64% | 5.9% |
| Discounted | 5.7% | 6.9% |
| Capped | 6.05% | 7.2% |
About this index Rates may contain points
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