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Business

Financing Your Business

Commercial Mortgages

Bank of Ireland can provide a commercial mortgage that can be tailored to meet your business requirements whether it is for purchase, extension or refurbishment of a business premises.

There are two mortgage types available as follows:

We can also offer the following facilities:

  • option of capital moratorium for two years at the start of the loan
  • option of repayment acceleration at any time

Regular Repayment Mortgage

  • Up to 20 year term
  • No interest penalty for early repayment
  • Interest charged quarterly
  • Covers part capital and part interest

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Pension-Backed Mortgage

  • Up to 20 year term
  • Repayments cover the interest amount of the loan
  • The tax free lump sum is used to repay the capital amount at the end of the loan term
  • Both Personal and Executive Pension Plans require the projected gross value of the funds to be at least twice the amount of the pension portion of the loan
  • Maximum LTV of 70% of which 50% to be provided by way of a Pension Backed Mortgage with the balance of 20% to be provided by way of annuity mortgage.
  • Up to 20 year term

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Contact Details

Further details on Commercial Mortgage options are available from any Bank of Ireland branch.

For further queries please email us at business.banking@boimail.com

Lending criteria terms and conditions apply.

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