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
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.
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.