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.
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.