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.
Last updated: May 15, 2017

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