What if my current property is in negative equity?
If your current property is in negative equity, we may be able to provide a mortgage for a new home where you bring the negative equity portion of your current mortgage across to your new mortgage.
Special conditions include:
- Your new mortgage Loan to Value (LTV) can be no more than 175% including the negative equity portion, or 125% for self-builds
- Available on owner occupier mortgages only and applicants must be existing Bank of Ireland Mortgage customers
- You must be able to fund the mortgage deposit plus stamp duty and any costs
- The existing property must be sold and the proceeds paid off the original mortgage before the new mortgage can be drawn down.