"We need our mortgage to change with our life"

Getting more out of your mortgage

At Bank of Ireland Mortgages we understand that some opportunities are just too good to miss, or some dreams just too important to keep suppressing. Which is why, if you feel you can sensibly afford to do it, we give you the chance to increase your mortgage to get the extra capital you need to do the things you want to do.

The amount of extra borrowing you can obtain and, in some situations, what you can spend it on will depend on your circumstances and the type of mortgage you have with us. But, in principle, if you have a Standard, Self Certification or Buy to Let mortgage with us, you should be able to arrange a further advance loan. Terms and Conditions apply.

Our easy to use borrowing and repayment calculator

Let our simple, 4-step calculator give you a quick indication of how much more you could borrow with Bank of Ireland Mortgages.

Increasing your mortgage compared to arranging a new loan

Arranging a loan can be a lengthy, difficult and expensive process because a new lender might not know and trust you the way we do.

We, on the other hand, do know you and have most of your details already. So we might be able to make the process easier. You can select from a range of products and repayment terms. In fact, you can choose to pay the additional borrowing back over anything from a minimum of 1 year up to the remaining term of your current mortgage. We simply add the amount of any extra borrowing onto the balance of your current mortgage. (Note: your current borrowing will stay on your existing rate, but any new borrowing will be on a new rate determined by the rates available at the time you arrange it.)

It's simple to apply and in most cases we don't need a valuation. If you're confident you can afford to increase your borrowing, and you meet all our criteria for responsible lending, you could have the cash sitting in your bank or building society account in just a matter of days.

What you could use the extra money for:

  • A home extension or garage
  • Cellar or loft conversion
  • New kitchen or bathroom
  • Consolidating debts
  • New car or holiday
  • Wedding costs or university fees

Extended borrowing (between £3,000 and £25,000) on a Buy to Let mortgage can only be used to improve the property as an investment. It cannot be put to any other personal or private use. Loans over £25,000 may be considered for other uses, please contact us.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage

You can get more information or go ahead and set the ball rolling by:

Calling our Customer Mortgages Department on 0845 603 1892*