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Bank of Ireland Mortgage Cashback Offers: Cash in When You Buy or Switch

Bank of Ireland Cashback Mortgage offers up to 3% cashback on your new or switched mortgage, flexible repayment options, and bonus rates for first-time buyers. An excellent deal for Irish homebuyers.

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Bank of Ireland

Bank of Ireland Cashback mortgages offer 2% or 3% cash back, fixed rates up to 10 years, flexible repayments, and bonus savings for new buyers.




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The Bank of Ireland Cashback mortgage is a popular choice for buyers and switchers. You get up to 3% back on your mortgage: 2% after drawdown, and 1% after five years, as long as you stick to the terms. The competitive fixed rates go up to 10 years, with a wide range of eligible customers including first-time buyers, movers, and those switching from another lender.

How to Apply for the Cashback Mortgage

The process is straightforward. Start with an online application and provide your personal and financial details. Next, select your mortgage type and upload all required documents. The bank will assess your application and contact you with a mortgage offer if approved. Once your documents are verified, you can draw down your mortgage and receive your cashback within 45 days.

Key Pros of the Bank of Ireland Cashback Offer

One major advantage is the generous cashback, providing substantial funds early. This can help with furnishing your new home or covering legal fees, easing your move.

Another attractive benefit is the flexibility in repayment and the option for bonus interest if you open a MortgageSaver account as a first-time buyer. The EcoSaver rate rewards those with better building energy ratings.

Potential Drawbacks to Consider

The cashback is only available with fixed-rate mortgages, excluding high-value and standard variable rates. If you pay off your fixed-rate mortgage early, you could face early repayment charges.

The additional 1% cashback comes only after five years, subject to strict conditions, so long-term commitment is required to access the full benefits.

Verdict: Is the Cashback Mortgage Worth It?

Bank of Ireland’s cashback mortgage is highly appealing for first-time buyers, movers, and switchers seeking extra funds and competitive rates. While some restrictions apply, the dual cashback and flexible options make it a leading offer for homebuyers in Ireland.

Recommended for you

Bank of Ireland

Bank of Ireland Cashback mortgages offer 2% or 3% cash back, fixed rates up to 10 years, flexible repayments, and bonus savings for new buyers.




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Bruno Gianni
Bruno Gianni

Bruno writes the way he lives, with curiosity, care, and respect for people. He likes to observe, listen, and try to understand what is happening on the other side before putting any words on the page.For him, writing is not about impressing, but about getting closer. It is about turning thoughts into something simple, clear, and real. Every text is an ongoing conversation, created with care and honesty, with the sincere intention of touching someone, somewhere along the way.

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