BOI to pilot loan to support homeowners trading down

Bank of Ireland launches new mortgage product for older people looking to downsize

The new mortgage type will allow customers to purchase a property outright in advance of the sale of their current home.

Bank of Ireland’s new ‘Trading Down’ loan will encourage older people to move to smaller homes

Bank of Ireland (BoI) will pilot a new loan product allowing people to trade down to a smaller home.

BOI to pilot loan to support homeowners trading down

A new loan to support homeowners trading down is to be piloted by Bank of Ireland next year.

Bank of Ireland to offer bridging loans to help people downsize from large homes

Borrowing limit at drawdown 60% of valuation while interest rate on bridging loan is at 7%

Bank of Ireland: Bridging Loans for Downsizing Homes - Archyworldys

Nearly one in four Irish households are considering downsizing, according to recent research from Davy, a figure that’s poised to accelerate as… The post Bank of Ireland: Bridging Loans for Downsizing Homes appeared first on Archyworldys.

BoI to offer new downsizing loan

Bank of Ireland is to introduce a downsizing loan allowing people to buy a new house before selling their current home, writes Garreth MacNamee. Launching in early 2026, it will support homeowners who wish to move to a smaller property, widely seen as a move to free up larger family homes. Both properties will act as security with the loan cleared once the sale completes. Borrowers will be able to access up to 60% of the value of their existing …