1) Payment Channels
2) Tax Relief
3) Correspondence
4) Pre-Payment Options
1) Payment Channels
Payment of your mortgage repayment can be made by any of the following methods:
Former INBS customers:
- Laser/Debit Card: Please contact our Mortgage Arrears Support Unit on +353 (0)1 6096182 who will process your payment over the phone.
- Direct Credit – IBRC’s bank account details are:
AIB, Dame Street,
Dublin 2,
sort code 93-90-80.
The account number is the first eight digits of your mortgage account number.
Please note that it can take up to 3 working days for the payment to reach your mortgage account. - Bank Giro in any AIB Branch: If you do not have a giro book please contact our Mortgage Administration Team on +353 (0)1 6096323 who will arrange to issue one to you.
- Cheque: Please make payable to IBRC – “Client Name” and post to IBRC, 2 Grand Parade, Dublin 6. Please remember to quote your mortgage account number for reference.
- Direct Debit: Currently IBRC has two Direct Debit payment dates, 2nd or the 10th of the month. If you wish to switch to either of these dates please contact the Mortgage Administration Team on +353 (0)1 6096323
Direct Debit Mandate.pdf (size 61.9 KB)
Download Adobe Acrobat Reader, by clicking on the image below. It only takes a few minutes.
Former Anglo Irish Bank customers :
- Electronic Transfer – Select the following document for information and details – Electronic Transfer Details
- Direct Debit – Select the following document for a copy of a Direct Debit Mandate that you can complete, sign and forward to IBRC, Stephen Court 18-21 St. Stephen’s Green, Dublin 2. Direct Debit Mandate
- Cheque – Please make the cheque payable to IBRC- “Client Name” and post to IBRC, Stephen Court 18-21 St. Stephen’s Green, Dublin 2. Please remember to quote your account number for reference.
Download Adobe Acrobat Reader, by clicking on the image below. It only takes a few minutes.
2) Tax Relief
Tax relief for home mortgage interest (known as TRS) is now given at source by IBRC. The fastest way to claim interest relief on your home mortgage is to complete the application online via the Revenue Commissioners website.
You may be entitled to interest relief in respect of a new mortgage, a top up loan, a home improvement loan, a re-mortgage or a consolidation of existing borrowing. It is sufficient for married couples to submit their details on the same online application. In all other cases of joint borrowings, each claimant should submit their details separately.
In order to apply for TRS, you need your PPS number and your mortgage account number.
Click here to apply online
For further information please refer to the Tax Relief at Source leaflet issued by the Revenue Commissioners.
Enquiries in relation to Tax Relief at Source for mortgage interest should be made to:
TRS section
Collector-General
Sarsfield House
Limerick
Lo-call: 1890 463 626
Email: trsadmin@revenue.ie
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME. |
3) Correspondence
Each year you will receive an account statement outlining the transactions on your account. If you wish to request a duplicate statement please contact the Mortgage Administration team on +353 (0)1 6096323
Communication is vital. If at any stage your personal circumstances change which may necessitate a review of your mortgage terms, please contact the Mortgage Arrears Support Unit on +353 (0)1 609 6182.
If you would like to speak to a member of our Mortgage Redemptions team please call +353 (0)1 609 6184.
If you would like to speak to a member of our Mortgage Insurance team please call +353 (0)1 609 6185.
4) Pre-Payment Options
It is possible to clear your mortgage sooner than originally planned by paying unscheduled lump sum payments or regular overpayments. To discuss please contact the Mortgage Administration Team on +353 (0)1 6096323
Former INBS customers:
* Customers who were residential mortgage customers of INBS until 1st July 2011
Fixed Rate Breakage Fees*:
Where the borrower proposes to repay a fixed rate loan (full or part) or convert a fixed rate loan before the expiration of the fixed rate period the borrower shall, in addition to all other sums payable, as a condition of and at the time of such repayment/ conversion, pay IBRC a sum equal to IBRC’s estimate of the loss (if any) occasioned by such early repayment or conversion subject to a maximum sum of six months interest calculated at the fixed rate on the principal sum of the loan so redeemed or converted.
Endowment Mortgage:
You repay only interest. You will have invested in an endowment policy which was arranged with a leading Life Assurance Company which was assigned as security to IBRC. This was designed to pay off the loan at the end of the term assuming a certain investment return is achieved. If your plan achieves a higher return than expected there may be an additional lump sum remaining after repaying the mortgage.
WARNING: THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT. |
An endowment policy for the amount of the loan will not discharge, on your death, any arrears of interest and late charges, or redemption fees payable on fixed rate loans.
Fixed Rate Warning
You may have to pay charges if you pay off a fixed-rate loan early. Variable-Rate Warning
The cost of you monthly repayments may increase - if you do not keep up your repayments you may lose your home. Interest-Only Warning
The entire amount that you have borrowed will still be outstanding at the end of the interest-only period. Debt Consolidation Warning
This new loan may takelonger to pay off than previous loans. This means you may pay more than if you paid over a shorter term. |