Bank of Ireland 3% Cashback offer

diago3211

Hi There,

Will BOI extend the 3% cashback offer on mortgage drawdown? Currently, the expiry date is that you need to drawdown by 31/12/21, however, due to slow down in building this year and properties being ready on time it is likely that most drawdowns will be delayed. Is there any advice or updates on if this will be extended?

Thank you 

Bank of Ireland: Richard F

diago3211 wrote: »

Hi There,

Will BOI extend the 3% cashback offer on mortgage drawdown? Currently, the expiry date is that you need to drawdown by 31/12/21, however, due to slow down in building this year and properties being ready on time it is likely that most drawdowns will be delayed. Is there any advice or updates on if this will be extended?

Thank you 

Hi Diago3211,

Thanks for reaching out and checking this with us today.

We're just going to link in with our Mortgage Specialists to check this for you. We'll be back with an update as soon as possible.

Thanks,
Richard

diago3211

Bank of Ireland: Richard F wrote: »

diago3211 wrote: »

Hi There,

Will BOI extend the 3% cashback offer on mortgage drawdown? Currently, the expiry date is that you need to drawdown by 31/12/21, however, due to slow down in building this year and properties being ready on time it is likely that most drawdowns will be delayed. Is there any advice or updates on if this will be extended?

Thank you 

Hi Diago3211,

Thanks for reaching out and checking this with us today.

We're just going to link in with our Mortgage Specialists to check this for you. We'll be back with an update as soon as possible.

Thanks,
Richard

Thank you :-)

diago3211

HI BOI Team,

Just re-opening this post to see if there was any update on 3% cashback offer which is due to end on 31-12-21

Do you think this will be extended due to the delay in houses being built because of Covid?

Thank you :-)

tobottherobot

If memory serves me correctly, the offer has always ended at the end of June or end of December since 2017 or before. I got it at the end of 2018/early 2019 and had the exact same question you did.

I think they don't tend to commit too far out as the central bank were talking about getting rid of cashback schemes like this to make it more transparent regarding how much was the true cost of the mortgage. I'm sure you'll be fine...

Also, if you qualify make sure you get the mortgage saver account

Bank of Ireland Reps

https://www.boards.ie/discussion/comment/117950156#Comment_117950156

Hi, thanks for coming back to us.

As soon as we have more info if it is to be extended we will update this on our site.

Many thanks

Alison

Visitor1

Hi,

Regarding the 1% cash back on a BOI mortgage after 5 years, I have a BOI current account but my husband does not (we are joint borrowers). Do we qualify for the 1% if only 1 of us has a current account? The wording is unclear to me.

thanks

Bank of Ireland Reps

https://www.boards.ie/discussion/comment/120719483#Comment_120719483

Good morning,

Thanks for getting in touch with us here.

For our Cashback Plus offer, to be eligible you would need to:

1. You use your mortgage loan to buy a home in the Republic of Ireland to live in yourself (as a Home Mover) or if you switch your mortgage loan to us from another lender (outside the Bank of Ireland Group) by re-mortgaging the house you live in AND
2. You draw down your new mortgage loan by 31st December 2023.

You do not need to have a BOI current account to avail of this offer.

For more information in relation to this, please see the link below.

Cashback Plus | Mortgage | Bank of Ireland

Thanks, Megan

Visitor1

Many thanks for getting back.