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Bank of Ireland Representatives

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Switch and save with a Bank of Ireland Mortgage

25.09.2018 14:06 #1
Cashback when you switch

Over the last year, people who’ve switched their mortgage to Bank of Ireland have discovered just how easy it is. More importantly, they stand to gain an average cashback windfall of €8,000.

€8,000 is based on 3% of the average mortgage switched to Bank of Ireland in the 12 months to June 2018, with 2% cashback paid on drawdown, and the remaining 1% cashback paid after five years.

The average mortgage switched to Bank of Ireland in the 12 months to June 2018 was €277,734.

Choose a low fixed rate

At Bank of Ireland our fixed rates start from just 3% (3.7% APRC) for Loans to Value up to 80%. You could save money each month by choosing one of our fixed rate options.

Switch in just 3 simple steps
  1. Call the Switching team on 1890 365 850 to work out your cashback amount and how much you could save each month.
  2. Start your application.
  3. Let the Switching team guide you through the process. Easy!

    Call 1890 365 850 today.

    Real life customer stories

    Hear from a couple who successfully switched to Bank of Ireland.

    https://youtu.be/D_faPjHE6so

    Find out more

    https://goo.gl/ydgTNk


    3% Cashback available to First Time Buyers, Movers and Switchers who draw down a new mortgage by 30th June 2019 and hold a Bank of Ireland current account. 2% Cashback on draw down of a new mortgage. 1% bonus in 5 years subject to meeting the conditions of the mortgage. Additional 1% bonus not available for Buy to Let Investment mortgages.

    The lender is Bank of Ireland Mortgages. Lending criteria and terms and conditions apply. Over 18s only. Mortgage approval is subject to assessment of suitability and affordability. You mortgage your property to secure the loan. We require property and life insurance. Maximum loan is generally 3.5 times gross annual income and 80% of the property value but these limits may vary. A typical mortgage of €100,000 over 20 years with 240 monthly instalments costs €615.79 per month at 4.2% variable (Annual Percentage Rate of Charge (APRC) 4.3%). The total amount you pay is €148,114.60. APRC includes €150 valuation fee and mortgage charge of €175 paid to the Property Registration Authority. A 1% interest rate rise would increase monthly repayments by €54.02 per month.


    Warning: The cost of your monthly repayments may increase.

    Warning: If you do not keep up your repayments you may lose your home.

    Warning: You may have to pay charges if you pay off a fixed–rate loan early.

    Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

    Bank of Ireland Mortgage Bank trading as Bank of Ireland Mortgages is regulated by the Central Bank of Ireland.
01.10.2018 15:48 #2
I'm in the process of filling out the application, how long does the process take? We would be switching mortgage to BOI .
03.10.2018 13:18 #3
Hi grasshopper31,

Thanks for getting in touch with us here. All mortgage applications are assessed case by case there would not be a set timeframe as they can vary. Sorry for the delay in getting back to you here.

Thanks Jen.
22.03.2019 11:26 #4
Hi there BOI,

Is there a local number I can call instead of 1890 365 850, calls to this number are outside of my mobile bundle and will be charged.


Also can you provide a full list of the docs I need to provide to BOI to switch my mortgage to you.
And a copy of the salary cert you need also.


I will send you my mobile in a PM now. (Update) actually just spotted you are not accepting PMs so let me know how I can ggive you my number to chat.
Thanks
Last edited by candyman: 22.03.2019 at 14:24.
22.03.2019 14:10 #5
Thanks Candyman for reaching out to us today.

Just sent you a PM, sorry to hear you had difficulties sending one to us.

Come back to us when you can and we'll have one of our Mortgage Experts give you a call.

Many thanks
Alison
Last edited by Bank of Ireland: Alison: 22.03.2019 at 15:08.
15.06.2020 18:43 #6
Hi Im currently coming out of a fixed rate mortgage with bank of Ireland and the best fixed rate being offered at moment is 2.9 % which is very expensive. Other banks Are way cheaper. Eg Ulster bank is offering the same length fixed rate mortgages at 2.3%, while also paying towards legal fees and valuation costs involved in switch. Is there any negotiation or matching offered to hold on to existing customers l? We have had mortgage with ye for over 9 years along with Current and deposit accounts and Would expect some customer appreciation
15.06.2020 19:46 #7
Originally posted by LillySV
Hi Im currently coming out of a fixed rate mortgage with bank of Ireland and the best fixed rate being offered at moment is 2.9 % which is very expensive. Other banks Are way cheaper. Eg Ulster bank is offering the same length fixed rate mortgages at 2.3%, while also paying towards legal fees and valuation costs involved in switch. Is there any negotiation or matching offered to hold on to existing customers l? We have had mortgage with ye for over 9 years along with Current and deposit accounts and Would expect some customer appreciation


I’m in the same boat, spike to BOI last week and they weren’t bothered negotiating, strange considering I’m in a good position financially and can make a switch to another lender quite easily, clearly they are not bothered retaining customers!
1 thank
16.06.2020 08:15 #8
Originally posted by maxamillius
I’m in the same boat, spike to BOI last week and they weren’t bothered negotiating, strange considering I’m in a good position financially and can make a switch to another lender quite easily, clearly they are not bothered retaining customers!


Just seen KBC are 2.25% with 3k towards fees...boi are going to have to up their game or they will just be left with defaulters
16.06.2020 15:35 #9
Originally posted by LillySV
Just seen KBC are 2.25% with 3k towards fees...boi are going to have to up their game or they will just be left with defaulters


Ye I thought they would be doing everything they can to retain customers, clearly not!
17.06.2020 10:08 #10
Hi LillySV and maxamillis

Thank you for taking the time to join the thread.

We are sorry to hear you are unhappy with the mortgage rate offer you've received. We will certainly note this with our Mortgage Product Team.

Any changes to rates, we will certainly update within our main site www.bankofireland.com 

Many thanks
Alison 
17.06.2020 10:29 #11
Originally posted by Bank of Ireland Reps
Hi LillySV and maxamillis

Thank you for taking the time to join the thread.

We are sorry to hear you are unhappy with the mortgage rate offer you've received. We will certainly note this with our Mortgage Product Team.

Any changes to rates, we will certainly update within our main site www.bankofireland.com ;

Many thanks
Alison 


Thanks Alison, I think it’s quite clear that BOI mortgage rates are not competitive in the current climate and also there want to retain customers seems to be non existent and evident through the lack of negotiation.
1 thank
17.06.2020 13:47 #12
Rang boi yesterday, told they would check with pricing team... came back later and offered us same high rate for a year longer!! I think they were just tryin to annoy me or be funny. Anyways I’m about to pull my mortgage and around 60k from boi. Bye bye boi
17.06.2020 14:24 #13
Originally posted by LillySV
Rang boi yesterday, told they would check with pricing team... came back later and offered us same high rate for a year longer!!  I think they were just tryin to annoy me or be funny. Anyways I’m about to pull my mortgage and around 60k from boi. Bye bye boi

Thanks for the update LillySV. 

We are really sorry to hear this. Please be assured your experience has been passed to our Product Mortgage Team. 

Many thanks
Alison
30.06.2020 12:15 #14
Ye really are a useless shower... rang your help line 4 times today to try request bank statement and same thing happens Each time ... it just hangs up after 6 and a half mins! Total joke ... glad I’m moving
30.06.2020 14:15 #15
Hi LillySV,

Thanks for getting in touch with us today.

We’re sorry to hear you’re experiencing difficulty getting through to one of our colleagues. Could we ask you to send us a DM with the number you were calling? We’ll be happy to look into this and help you further.

Thanks,
Richard
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