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Return to Mortgages HomeGeneral Criteria

General Lending Criteria

Maximum LTV
90% for House Purchase / Re-mortgage

Income Multiples
4.25 x income for both single and joint applicants. A minimum household income of £20,000 applies (whether for a single or joint application). Please note your application will be reviewed by our mortgage staff to ensure they are satisfied with your ability to pay

Minimum Advance
£25,001

Repayment Methods
Interest Only / Repayment

Term
Minimum: 10 years (shorter terms considered by exception provided we’re satisfied that ability to pay exists)

Maximum: 35 years (please note we will only include the income for maximum borrowing purposes of any applicant who will be no older than 70 at maturity of the mortgage)

Minimum Age

Proof of Income

SOME OF THE ABOVE CRITERIA MAY VARY DEPENDING ON THE MORTGAGE SCHEME YOU SELECT. DETAILS ARE AVAILABLE FROM YOUR LOCAL BANK OF IRELAND UK BRANCH.

Higher Lending Charge

A Higher Lending Charge is applied on loans over 85%. This will be paid by us when applicable

 

Valuation Fee Scale

Property Purchase Price/Valuation Fee (inc VAT)
Up to £50,000 £180
£50,001 to £75,000 £200
£75,001 to £100,000 £220
£100,001 to £150,000 £240
£150,001 to £200,000 £270
£200,001 to £250,000 £310
£250,001 to £350,000 £360
£350,001 to £500,000 £470

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 - 116KB PDF Document.


© Bank of Ireland 2012
 

Bank of Ireland Group provides mortgages in the UK through "Bank of Ireland Mortgages" and "Bank of Ireland UK".

Bank of Ireland Mortgages is a trading name of the UK branch of the Governor and Company of the Bank of Ireland (with branch number BR000459) which is authorised by the Central Bank of Ireland and authorised and subject to limited regulation by the Financial Services Authority. Details about the extent of our authorisation and regulation by the Financial Services Authority are available from us on request. The registered office of the UK branch of the Governor and Company of the Bank of Ireland is 1 Temple Back East, Temple Quay, Bristol, BS1 6DX.

Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is authorised and regulated by the Financial Services Authority. Registered in England & Wales (No. 7022885), Bow Bells House, 1 Bread Street, London EC4M 9BE.

If you are in doubt as to your mortgage provider or have any queries relating to our UK mortgage products or services please contact our UK administration centre at: Bank of Ireland (UK Mortgages), PO Box 27, 1 Temple Quay, Bristol, BS99 7AX. Phone: (0117) 979 2222. Fax (0117) 929 3878. mortgage.services@boipluk.co.uk