If you have a residential mortgage with us, you may be able to borrow to pay for home improvements. The repayments on a Home Improvement Loan (Top Up) are at mortgage rates, which are typically lower than our Personal Loan rates.

The first step in applying for a Home Improvement Loan (Top Up) is to speak to one of our Mortgage Consultants in your local branch. Fill in our form, or call 1890 500 156 or +353 1 215 1344 to book your appointment. 

How does it work?

The amount you can borrow is based on the equity or value in your home. The amount you can borrow starts from €25,000 up to 85% of the current market value of your property today, less the amount you owe on the property.

For example:

• Your property today is worth €300,000
• 85% of the property’s value is €255,000
• You have €155,000 left on the mortgage
• The maximum amount you could borrow (release as equity) is €100,000 (that's €255,000 - €155,000)

In order to avail of the maximum of 85% of the current market value of your property today, less the amount you owe on the property, you must have your mortgage with us for a minimum of 2 years with a good repayment history and are not seeking to refinance any short-term debt. 

If you are refinancing existing short-term debt please note the warning below:

Key information for Home Improvement Loans (Top Up)

• The maximum term you can avail of is 35 years
• Minimum loan amount is €25,000
• We offer an annuity mortgage which means that your repayments depend on the actual amount you borrow (capital) and the interest that will be charged on this capital
• This is a variable rate loan