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Return to Mortgages HomeMoving Or Improving

If you already own your home, you may be thinking about extending it or moving to a larger house. Perhaps your children have left the nest to make their own way in the world, and the home you shared is too big. Whether you are trading up or trading down, Bank of Ireland UK can help.

Moving home

If it’s a while since you’ve taken out a mortgage, we can guide you through the process to help make it as easy as possible.

We’ll also be there to help out if you experience delays in selling your home while buying another. If this happens, you may need a bridging loan to cover the period between the purchase and the sale.

Improving your home? Time to release the value in your home

If you are staying put, there’s nothing like a bit of redecorating or even building an extension to make the old place like new again. One of the easiest ways of financing this type of work is to release some of the value built up in your home.

Value is the difference between the amount you owe on your mortgage and the current value of your home. For example if your home is worth £250,000 but your mortgage balance is £100,000, you have value of £150,000.

You can release some of this to finance renovation, redecoration or an extension by increasing your mortgage.

Further borrowing would be subject to lending criteria and possibly (if applicable) valuation.

A better mortgage deal

You don’t have to be moving or improving to benefit from our mortgage advice. If it’s some time since you arranged your mortgage or your circumstances have changed, it makes sense to look at what’s on offer now. You might find that you would be a lot better off with a new mortgage scheme. Our fully trained Mortgage Advisers will discuss your options and help you decide whether it’s in your best interests to switch.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

 

If you are an existing customer seeking a further loan to improve your home or you are moving home please call us on 0845 300 8000 or call into your local Branch

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