Move home
Residential
If you ever consider moving, there can be lots to think about and do. To make things a little easier, you can transfer your current mortgage rate to your new home (known as ‘porting’). This could save you time and hassle.

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Your options explained
We know that sorting the mortgage for your new home can sometimes be complicated.
If you want to stay with us, you have two simple options:
- Move your current mortgage to your new property, avoiding any applicable Early Repayment Charge (ERC). You can also borrow more using one of our home mover deals.
- Switch your current mortgage onto a new rate from our home mover range (and borrow more if you need to). You must be out of your promotional period to avoid paying an ERC, or be happy to pay it.
Don’t worry if you don’t know which option to choose. As part of our free advice service, we’ll discuss your circumstances then make our recommendation based on what option is right for you.
When transferring your mortgage please be aware of all of the following:
- We must have your signed application for your new mortgage before you pay off your current one
- Unless your sale and purchase happen on the same day, you’ll have to pay any applicable ERC on your current mortgage
- To get a refund of any ERC you’ve paid, you must complete on the purchase of your new property within 3 months of selling your current home
- If you don’t complete within the 3 months, you won’t get a refund of any ERC paid. You’ll also have to choose a brand new mortgage deal. There may be restrictions that apply.
See our FAQs for more information.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGEIf you’re thinking of moving home, it’s important that you talk to us first. This is so we can assess your current financial situation and make the right recommendation for your needs.
As part of the application process, we’ll ask you to confirm:
- Your income;
- Details of the new home you’re looking to purchase;
- Details of your current financial commitments (including outstanding amounts and monthly payments).
To make things as quick and easy for you as possible, it’s worth having these details to hand before you speak to us. Our advice service is free to use.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGEThinking of moving home and borrowing more? Use our simple calculator to get an idea of how much more your monthly payment would be.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE- Can I move my mortgage rate to my new property?
- Do I have to transfer my current mortgage rate?
- What if my application to transfer doesn’t meet your lending criteria?
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Will transferring my current mortgage rate be free of charge?
You’ll be charged a lending fee for setting up the new mortgage account, as well as solicitor and valuation costs. You may also have to pay a mortgage release fee to close your old account. Your original mortgage Offer terms and conditions will have more information on this.
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Can I transfer my current mortgage rate without paying Early Repayment Charges?
Yes. To do this your legal representative must complete and return an Early Repayment Charge Waiver Form. This should be sent to: Mortgage Customer Services, Bank of Ireland, PO Box 3191, 1 Temple Quay, Bristol, BS1 9HY. Or it can be faxed to 0117 943 6555. We need to receive this at least one week before you plan to pay off your existing mortgage.
When we’ve received the Early Repayment Charge Waiver Form, we’ll produce a redemption statement without any Early Repayment Charge. However, we’ll only issue this statement on the condition that redemption takes place at the same time as completion of a new mortgage with Bank of Ireland. Also, the new loan shouldn’t be less than the existing amount, or this would incur an Early Repayment Charge.
- How do I get an Early Repayment Charge Waiver Form?
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Can I transfer my current mortgage rate if I’m unable to redeem and complete my new mortgage on the same day?
If you’re unable to redeem (pay back) and complete on a new mortgage on the same day, then you can apply to transfer your current mortgage rate using our Non Simultaneous Porting Policy.
This means once you’ve applied to transfer your existing mortgage rate to your new home, we’ll give you three months to complete the purchase. You’ll still have to pay any Early Repayment Charge upfront. But as long as you pay back your original loan and complete on the new mortgage within the three month window, then we will refund any Early Repayment Charge paid.
- What if I can't complete on the purchase of my new home within three months?
- Is there a minimum amount I can transfer?
- Can I transfer my current mortgage rate if I want to borrow less than my current mortgage?
- Can I transfer my interest rate more than once?
- If I currently have a Residential mortgage, can I transfer my mortgage rate to a different mortgage type (e.g. Buy to Let)?
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Will my new mortgage exactly match my existing mortgage?
Not necessarily. We’ll recalculate your payments, so the monthly payments on your new account may not match your current monthly payments exactly.
Also, your new mortgage will need to meet our current lending criteria. This could mean you need to make changes to your new account to reflect this, for example the amount you have on a repayment or interest only basis.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE