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Return to Mortgages HomeGeneral Criteria
General Lending Criteria
Maximum LTV
95% for House Purchase / Re-mortgage
Income Multiples
Single: 4.5x
Joint: 4x
or 4.5 + 1
Minimum Advance
£25,001
Repayment Methods
Interest Only / Repayment
Term
Minimum 10 years
Maximum 35 years, or normal retirement age
Minimum Age
- 18 years
Proof of Income
- PAYE: P60 and last 3 months payslips plus Employer's reference
- Self Employed: 2 years' audited accounts
SOME OF THE ABOVE CRITERIA MAY VARY DEPENDING ON THE MORTGAGE SCHEME YOU SELECT. DETAILS ARE AVAILABLE FROM YOUR LOCAL BANK OF IRELAND BRANCH.
Higher Lending Charge
A Higher Lending Charge is applied on loans over *85%. It can be added to the advance on completion. Rates are as follows:
| LTV | Higher Lending Charge | Premium Rates |
|---|---|---|
| 85.01% - 90.00% | 15% | £7.20 per £100 |
| 90.01% - 95.00% | 20% | £8.95 per £100 |
* Depending on mortgage product selected. Please see individual product details.
Valuation Fee Scale
| Property Purchase Price/Valuation | Fee (inc VAT) |
|---|---|
| Up to £50,000 | £190 |
| £50,001 to £75,000 | £208 |
| £75,001 to £100,000 | £220 |
| £100,001 to £150,000 | £240 |
| £150,001 to £200,000 | £255 |
| £200,001 to £250,000 | £300 |
| £250,001 to £350,000 | £340 |
| £350,001 to £450,000 | £400 |
Valuation fees for greater Purchase Prices/Valuations available on request.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. Full written details and quotations are available on request. All mortgages are subject to status and valuation and are only available to persons over the age of 18 years.
Please read our Personal Banking Guide - 187KB PDF Document.
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