In this brief guide, we will discuss the bank of Ireland mortgage rates.

Up to 60% Loan to Value Fixed rates

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax Loan

2 Year

60%
1.50%fixed
31/12/2021
4.3% APRC
£995

£500

No

Yes
Capital RepaymentPart & PartInterest Only3% until 31/12/2020 then 2% until 31/12/2021
£50,000

£1,500,000

2 Year

60%
1.65%fixed
31/12/2021
4.3% APRC
£0

£300

No

Yes
Capital RepaymentPart & PartInterest Only3% until 31/12/2020 then 2% until 31/12/2021
£50,000

£1,500,000

2 Year

60%
1.94%fixed
31/12/2021
4.3% APRC
£0

£750

No

Yes
Capital RepaymentPart & PartInterest Only3% until 31/12/2020 then 2% until 31/12/2021
£50,000

£1,500,000

5 Year

60%
1.83%fixed
31/12/2024
3.5% APRC
£0

£0
Remortgage Only
Yes
Capital RepaymentPart & PartInterest Only4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£25,001

£1,500,000

5 Year

60%
1.86%fixed
31/12/2024
3.7% APRC
£495

£750

No

Yes
Capital RepaymentPart & PartInterest Only4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£50,000

£1,500,000

5 Year

60%
1.95%fixed
31/12/2024
3.7% APRC
£0

£500

No

Yes
Capital RepaymentPart & PartInterest Only4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£50,000

£1,500,000

Representative example:

A mortgage of £105,000 payable over 25 years initially on a fixed rate for 5 years at 1.95% and then on our current variable rate of 4.74% for the remaining 20 years would require 60 monthly payments of £443 and 240 monthly payments of £567.

The total amount payable would be £162,941 made up of the loan amount plus interest (£57,731), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 3.7% APRC representative

Up to 70% Loan to Value Fixed rate

For Interest Only and Part & Part mortgages the maximum Interest Only Element is 60% LTV

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax Loan

2 Year

70%
1.81%fixed
31/12/2021
4.3% APRC
£0

£400

No

Yes
Capital RepaymentPart & Part*Interest Only*3% until 31/12/2020 then 2% until 31/12/2021
£50,000

£1,500,000

Representative example:

A mortgage of £70,000 payable over 19 years initially on a fixed rate for 2 years at 1.81% and then on our current variable rate of 4.74% for the remaining 17 years would require 24 monthly payments of £363 and 204 monthly payments of £455.

The total amount payable would be £101,835 made up of the loan amount plus interest (£31,625), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 4.2% APRC representative

Up to 75% Loan to Value Fixed rates

For Interest Only and Part & Part mortgages the maximum Interest Only Element is 60% LTV

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax Loan

2 Year

75%
1.56%fixed
31/12/2021
4.3% APRC
£495

£0

No

Yes
Capital RepaymentPart & Part*Interest Only*3% until 31/12/2020 then 2% until 31/12/2021
£25,001

£1,000,000

2 Year

75%
1.67%fixed
31/12/2021
4.1% APRC
£0

£0
Remortgage Only
Yes
Capital RepaymentPart & Part*Interest Only*3% until 31/12/2020 then 2% until 31/12/2021
£25,001

£1,000,000

2 Year

75%
1.83%fixed
31/12/2021
4.3% APRC
£0

£300

No

Yes
Capital RepaymentPart & Part*Interest Only*3% until 31/12/2020 then 2% until 31/12/2021
£50,000

£1,000,000

5 Year

75%
1.68%fixed
31/12/2024
3.5% APRC
£995

£0
Remortgage Only
Yes
Capital RepaymentPart & Part*Interest Only*4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£25,001

£1,000,000

5 Year

75%
1.88%fixed
31/12/2024
3.7% APRC
£495

£500

No

Yes
Capital RepaymentPart & Part*Interest Only*4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£50,000

£1,000,000

5 Year

75%
1.91%fixed
31/12/2024
3.5% APRC
£0

£0
Remortgage Only
Yes
Capital RepaymentPart & Part*Interest Only*4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£25,001

£1,000,000

5 Year

75%
1.97%fixed
31/12/2024
3.7% APRC
£0

£500

No

Yes
Capital RepaymentPart & Part*Interest Only*4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£50,000

£1,000,000


Up to 75% Loan to Value Fixed rates

For Interest Only and Part & Part mortgages the maximum Interest Only Element is 60% LTV

The following product is exclusively available for properties in Northern Ireland:

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax Loan

2 Year

75%
2.08%fixed
31/10/2021
4.3% APRC
£0

£500
Remortgage Only
Yes
Capital RepaymentPart & Part*Interest Only*3% until 31/10/2020 then 2% until 31/10/2021
£60,000

£1,000,000

Representative example:

A mortgage of £80,000 payable over 20 years initially on a fixed rate for 5 years at 1.97% and then on our current variable rate of 4.74% for the remaining 15 years would require 60 monthly payments of £404 and 180 monthly payments of £489.

The total amount payable would be £112,361 made up of the loan amount plus interest (£32,151), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 3.5% APRC representative.

Up to 80% Loan to Value Fixed rates

Reverts to our Standard Variable Rate which is currently 4.74%

The following product is exclusively available for properties in Northern Ireland:

Term LTV Rate End Date     The Overall Product     Cashback Standard Standard Repayment basis Early Repayment Min Max Code

Cost for Fee Legal Fees    Valuation Charge Loan LoanComparison paid by Fee paid Lender by Lender

2 Year

80%
1.68%fixed
31/12/2021
4.3% APRC
£995

£500

No

Yes

– Capital Repayment
3% until 31/12/2020 then 2% until 31/12/2021
£50,000

£850,000

2 Year

80%
1.78%fixed
31/12/2021
4.2% APRC
£295

£0
Remortgage Only
Yes

– Capital Repayment
3% until 31/12/2020 then 2% until 31/12/2021
£25,001

£850,000

2 Year

80%
1.88%fixed
31/12/2021
4.3% APRC
£0

£0

No

Yes

– Capital Repayment
3% until 31/12/2020 then 2% until 31/12/2021
£25,001

£850,000

3 Year

80%
2.24%fixed
31/12/2022
4.2% APRC
£0

£400

No

Yes

– Capital Repayment
3% until 31/12/2021 then 2% until 31/12/2022
£50,000

£850,000

5 Year

80%
1.98%fixed
31/12/2024
3.8% APRC
£995

£500

No

Yes

– Capital Repayment
4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£50,000

£850,000

5 Year

80%
2.01%fixed
31/12/2024
3.6% APRC
£495

£0
Remortgage Only
Yes

– Capital Repayment
4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£25,001

£850,000

5 Year

80%
2.46%fixed
31/12/2024
3.9% APRC
£0

£1,000

No

Yes

– Capital Repayment
4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£50,000

£850,000

Representative example:

A mortgage of £80,000 payable over 20 years initially on a fixed rate for 5 years at 2.46% and then on our current variable rate of 4.49% for the remaining 15 years would require 60 monthly payments of £422 and 180 monthly payments of £494.

The total amount payable would be £114,431 made up of the loan amount plus interest (£34,221), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 3.7% APRC representative

Up to 85% Loan to Value Fixed rates

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax Loan

2 Year

85%
1.68%fixed
31/12/2021
4.3% APRC
£995

£500

No

Yes

– Capital Repayment
3% until 31/12/2020 then 2% until 31/12/2021
£50,000

£750,000

2 Year

85%
1.78%fixed
31/12/2021
4.2% APRC
£295

£0
Remortgage Only
Yes

– Capital Repayment
3% until 31/12/2020 then 2% until 31/12/2021
£25,001

£750,000

2 Year

85%
1.88%fixed
31/12/2021
4.3% APRC
£0

£0

No

Yes

– Capital Repayment
3% until 31/12/2020 then 2% until 31/12/2021
£25,001

£750,000

2 Year

85%
2.03%fixed
31/12/2021
4.3% APRC
£0

£300

No

Yes

– Capital Repayment
3% until 31/12/2020 then 2% until 31/12/2021
£50,000

£750,000

3 Year

85%
2.24%fixed
31/12/2022
4.2% APRC
£0

£400

No

Yes

– Capital Repayment
3% until 31/12/2021 then 2% until 31/12/2022
£50,000

£750,000

5 Year

85%
1.98%fixed
31/12/2024
3.8% APRC
£995

£500

No

Yes

– Capital Repayment
4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£50,000

£750,000

5 Year

85%
2.01%fixed
31/12/2024
3.6% APRC
£495

£0
Remortgage Only
Yes

– Capital Repayment
4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£25,001

£750,000

5 Year

85%
2.46%fixed
31/12/2024
3.9% APRC
£0

£1,000

No

Yes

– Capital Repayment
4% until 31/12/2021 then 3% until 31/12/2023 then 2% until 31/12/2024
£50,000

£750,000

Up to 85% Loan to Value Fixed rates

The following products are exclusively available for properties in Northern Ireland:

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax Loan

2 Year

85%
2.23%fixed
31/10/2021
4.4% APRC
£0

£1,000

No

Yes

– Capital Repayment
3% until 31/10/2020 then 2% until 31/10/2021
£90,000

£750,000

5 Year

85%
2.36%fixed
31/10/2024
3.9% APRC
£0

£1,000

No

Yes

– Capital Repayment
4% until 31/10/2021 then 3% until 31/10/2023 then 2% until 31/10/2024
£90,000

£750,000

Representative example:

A mortgage of £100,000 payable over 20 years initially on a fixed rate for 2 years at 1.88% and then on our current variable rate of 4.74% for the remaining 18 years would require 24 monthly payments of £500 and 216 monthly payments of £631.

The total amount payable would be £148,559 made up of the loan amount plus interest (£48,349), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 4.2% APRC representative.

Up to 90% Loan to Value Fixed rates

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax Loan

2 Year

90%
2.17%fixed
31/10/2021
4.3% APRC
£0

£0

No

Yes

– Capital Repayment
3% until 31/10/2020 then 2% until 31/10/2021
£25,001

£500,000

2 Year

90%
2.24%fixed
31/10/2021
4.2% APRC
£0

£0
Remortgage Only
Yes

– Capital Repayment
3% until 31/10/2020 then 2% until 31/10/2021
£25,001

£500,000

2 Year

90%
2.40%fixed
31/10/2021
4.4% APRC
£0

£400

No

Yes

– Capital Repayment
3% until 31/10/2020 then 2% until 31/10/2021
£50,000

£500,000

3 Year

90%
2.39%fixed
31/10/2022
4.2% APRC
£0

£0

No

Yes

– Capital Repayment
3% until 31/10/2021 then 2% until 31/10/2022
£25,001

£500,000

5 Year

90%
2.47%fixed
31/10/2024
3.5% APRC
£0

£0
Remortgage Only
Yes

– Capital Repayment
4% until 31/10/2021 then 3% until 31/10/2023 then 2% until 31/10/2024
£25,001

£500,000

5 Year

90%
2.54%fixed
31/10/2024
3.9% APRC
£0

£400

No

Yes

– Capital Repayment
4% until 31/10/2021 then 3% until 31/10/2023 then 2% until 31/10/2024
£50,000

£500,000

5 Year

90%
2.67%fixed
31/10/2024
4.0% APRC
£0

£1,000

No

Yes

– Capital Repayment
4% until 31/10/2021 then 3% until 31/10/2023 then 2% until 31/10/2024
£50,000

£500,000


Up to 90% Loan to Value Fixed rates

The following products are exclusively available for properties in Northern Ireland:

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax LoanCode

2 Year

90%
2.30%fixed
31/10/2021
4.4% APRC
£0

£1,000

No

Yes

– Capital Repayment
3% until 31/10/2020 then 2% until 31/10/2021
£90,000

£500,000

KKZ

5 Year

90%
2.43%fixed
31/10/2024
3.9% APRC
£0

£1,000

No

Yes

– Capital Repayment
4% until 31/10/2021 then 3% until 31/10/2023 then 2% until 31/10/2024
£90,000

£500,000

KLA

Representative example:

A mortgage of £111,880 payable over 19 years initially on a fixed rate for 3 years at 2.39% and then on our current variable rate of 4.74% for the remaining 16 years would require 36 monthly payments of £611 and 192 monthly payments of £725.

The total amount payable would be £161,358 made up of the loan amount plus interest (£49,268), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 4.1% APRC representative.

Up to 95% Loan to Value Fixed rates (Purchase only)

Available for purchases only. Higher Lending Charge paid by Lender

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax Loan

2 Year

95%
3.02%fixed
31/10/2021
4.5% APRC
£0

£300

No

Yes

– Capital Repayment
3% until 31/10/2020 then 2% until 31/10/2021
£50,000
£500,000including fees

2 Year

95%
3.26%fixed
31/10/2021
4.6% APRC
£0

£750

No

Yes

– Capital Repayment
3% until 31/10/2020 then 2% until 31/10/2021
£50,000
£500,000including fees

3 Year

95%
3.54%fixed
31/10/2022
4.5% APRC
£0

£1,000

No

Yes

– Capital Repayment
3% until 31/10/2021 then 2% until 31/10/2022
£50,000
£500,000including fees

5 Year

95%
3.29%fixed
31/10/2024
4.3% APRC
£0

£500

No

Yes

– Capital Repayment
4% until 31/10/2021 then 3% until 31/10/2023 then 2% until 31/10/2024
£50,000
£500,000including fees

5 Year

95%
3.36%fixed
31/10/2024
4.3% APRC
£0

£750

No

Yes

– Capital Repayment
4% until 31/10/2021 then 3% until 31/10/2023 then 2% until 31/10/2024
£50,000
£500,000including fees

Representative example:

A mortgage of £194,400 payable over 35 years initially on a fixed rate for 3 years at 3.54% and then on our current variable rate of 4.74% for the remaining 32 years would require 36 monthly payments of £808 and 384 monthly payments of £940.

The total amount payable would be £390,072 made up of the loan amount plus interest (£195,462), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 4.6% APRC representative.

Up to 90% Loan to Value Variable rate

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax Loan

Term

90%
4.74%variable
For Term
4.9% APRC
£0

£0

No

No

– Capital Repayment

None

£25,001

£500,000

Representative example:

A mortgage of £76,500 payable over 35 years on our current variable rate for the mortgage term of 35 years at our current rate of 4.74% variable would require 420 monthly payments of £373.

The total amount payable would be £157,316 made up of the loan amount plus interest (£80,366), product fee (£0), valuation fee (£240), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 4.9% APRC representative.

Up to 95% Loan to Value Variable rate (Purchase only)

Available for purchases only. Higher Lending Charge paid by Lender

TermLTVRateEnd DateThe Overall Cost for ComparisonProduct FeeCashbackStandard Legal Fees paid by LenderStandard Valuation Fee paid by LenderRepayment basisEarly Repayment ChargeMin LoanMax LoanCode

Term

95%
4.74%variable
For Term
4.9% APRC
£0

£0

No

No

– Capital Repayment

None

£25,001
£500,000including fees
KXL

Representative example:

A mortgage of £314,650 payable over 18 years on our current variable rate for the mortgage term of 18 years at our current rate of 4.74% variable would require 216 monthly payments of £2,168.

The total amount payable would be £468,775 made up of the loan amount plus interest (£153,675), product fee (£0), valuation fee (£240), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 4.9% APRC representative

In this brief guide we discussed the bank of Ireland mortgage rates. If you have any questions or comments please let us know.

The Bank of Ireland mortgage rates above are not the complete list of mortgage rates and these mortgage rates may change at any time. Please check with the Bank of Ireland for their up to date mortgage rates..

John Bate

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.