The AIB logo and AIB (NI) are trade marks used under licence by AIB Group (UK) p.l.c. Or you can phone us with any queries on switching to AIB on 0818 300 245 (lines open: 9am-5pm Monday to Friday). Loans are granted subject to an appraisal of the applicant's financial standing. 1995. A person switching their mortgage to us can avail of a home loan of up to 90% LTV if no equity release is required. We’ll pay it into the current account you use to pay the mortgage from even if that current account is with another bank. When you switch from one mortgage deal to another, it’s known as remortgaging. The main reason i wanted to switch is for the low fixed rate of 2.35% (over 5 years) and also the ability to overpay by 10% when in a fixed mortgage. Example 2: Switch to the lowest 3 year fixed rate (2.4%). Also we are currently offering EUR3000 towards your professional fees (legal and valuation fees) if you switch and drawdown your mortgage between 2nd May 2017 and 31st December 2017 to assist with these costs you have referred to. Q: Can I switch if I am in negative equity? are subject to an appraisal of the applicant's financial standing. Depending on your circumstances other legal fees may apply which you will have to pay for, for example first registration of land or change of names on the mortgage (please note this is not exhaustive). Switching is easy: Simply call into any AIB branch and one of our Customer Service Officials will be happy to take you through the next steps for switching your Personal Current Account(s). Maximum mortgage 3.5 times gross income; Typical maximum loan to value 80%; Secure employment; Regular savings and minimum non mortgage debt . Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Toggle navigation. Our mortgage repayment calculator is a helpful tool which will tell you what a mortgage payment is likely to be based on your selected mortgage amount, term and interest rate. Mortgage Repayment Calculator. Thanks Amanda. We’ll pay it into the current account you use to pay the mortgage from even if that current account is with another bank. Bank of Ireland – up to 3% cashback If you switch your mortgage to Bank of Ireland you’ll receive an unlimited 2% cashback on the total value of your mortgage. Repayments will be €1260 a month – a total of €45,360 over 3 years which is a saving of €5616 compared to the current mortgage. You could make significant savings on your mortgage if you can switch to a lower interest rate. No matter what stage in life you are at, deciding to buy a new home is a big move. Conduct Authority and the Prudential Regulation Authority. What’s more, if you’re a personal mortgage customer with us you won’t pay transaction or maintenance fees on the AIB current account you use to make mortgage repayments on the home you live in. To help cover your switching costs, AIB will pay you €2,000 within two months of switching. Skip links. If you seek additional independent legal advice as part of your remortgage you must arrange to pay for those services yourself. Standard variable rate mortgages are also available. This calculator works out the monthly and overall savings you could make by switching your mortgage to the best available rate available to you. You can remortgage your property with the same provider or a different one – you’re not moving home and your new mortgage will still be secured against your existing property. A minimum loan size of €100,000. Choose whatever suits you. Lending criteria, terms and conditions apply. Loans are granted subject to an appraisal of the applicant's financial standing. 92 Ann Street, Belfast BT1 3HH. Whether you have a fixed-rate contract with your current lender: You may be charged penalty fees for switching out of a fixed-rate contract early. Switch your mortgage with new rates starting at 2.2% fixed for 4 years Lending Criteria. Some half of those with a mortgage - around 350,000 residential mortgage accounts - are in negative equity. With our mortgage calculator it’s easy to find out how much you could borrow. find the relevant phone number and location, or contact us on one of They even give you €2,000 for switching. 24173 Allied Irish Banks, p.l.c. Then we’ll give you an Approval in Principle figure of how much we could lend you and how much your monthly mortgage repayments might be. Manage your mortgage application with My Mortgage. Choose whatever suits you. Help and guidance . is an authorised agent and servicer of AIB Mortgage Bank u.c. Alternatively, fill in our Mortgage Callback Request form and one of our mortgage advisers will call you to explain your options. Repayment terms of up 35 years may be available to you. our social media channels. Although a fixed rate means your repayments cannot increase for a set period of time, your repayments will not fall during the fixed rate period. Switch and get cash back . our Site Legal Notice and Privacy Statement. in relation to origination and servicing of mortgage loans and mortgages. Login; Let's Begin. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE, /content/aibni/personal/our-products/mortgages/moving-your-mortgage/jcr:content/content-page-center/ftb_mortgage_repayment, Up to £1,500 Cashback for mortgages over £65,000**, Free legal fees using a bank nominated solicitor*, Free Valuation fee using a bank nominated valuer, You will need to be over 18 to obtain a mortgage. Registered Office 92 Ann Street, Belfast BT1 3HH. Group (UK) p.l.c. Loan to Income (LTI) is the maximum amount a customer can borrow based on a multiple of their gross income. The rates will now start from as low as 2.10% and are open to both new and existing customers of AIB. AIB is offering a flat €2,000 to switchers regardless of the size of the mortgage. This calculator works out the monthly and overall savings you could make by switching your mortgage to the best available rate available to you. Our mortgage repayment calculator is a helpful tool which will tell you what a mortgage payment is likely to be based on your selected mortgage amount, term and interest rate. Features and Benefits. AIB Mortgage Bank u.c. You can contact us in a number of ways. Registered  Office: 10 Molesworth Street, Dublin 2, Tel: +353 (0)1 6600311. Most of its products offer the flexibility to overpay 20% of your mortgage a year and take payment holidays throughout your term. Mortgage calculator. IMPORTANT: Before entering this site please take time to read I was notified today from the Ulster Bank that my application to switch my mortgage from AIB to Ulster bank has been approved. Get cash back for switching your mortgage to the best mortgage rates in Ireland. *The Bank will appoint a solicitor to act on its behalf only for the remortgage and will pay the standard solicitor fees, VAT and the cost of standard disbursements directly relating to the remortgage. AIB is cutting the rates on its 'green' five-year fixed mortgage by up to 0.20%. A maximum loan size of €1.5 million if in an urban area and a Loan to Value of up to 70% Loan to Value. AIB (NI) reserves the right to withdraw or amend products at any time. Your mortgage will be secured against the mortgaged property. Lending criteria, terms and conditions apply. Mortgage amount must be between £25,000 and £3,000,000, Interest rate must be between 1.00% and 20.00%. We’ll give you €2,000 when you switch your mortgage to AIB to help cover your costs; we’ll pay it into the current account you use to pay your new mortgage within two months of your mortgage … Mortgages Your home is security for your mortgage. General Information about AIB (NI) Mortgages . Under the new measures lenders must: Tell you about cheaper options 60 days before your fixed rate mortgage period ends By proceeding further you Free valuation for switchers and first time buyers; Free legal fees for customers switching their mortgage to AIB for Intermediaries using a bank nominated solicitor. For properties based in England, Scotland or Wales, the minimum mortgage amount is £150,000 and applications will be accepted from PAYE employees only. This … Frequently asked questions. The AIB logo and AIB (NI) are trade marks used under licence by AIB is regulated by the Central Bank of Ireland. For properties based in Northern Ireland, the minimum mortgage amount is £25,000. AIB - €2,000 to switchers. At the end of the LTV Fixed rate term, the LTV Fixed rate rolls on to the corresponding LTV variable interest rate band that applied to the mortgage loan during the Fixed rate period. However, as mentioned above, a minimum mortgage amount of around €40,000 will be required. If AIB/PTSB purchase the loan book and place it in their existing bank then it's likely you will be a fully fledged customer. 5 – 35 Year Loan Term. AIB has begun paying refunds to 5,900 customers who were wrongly denied a tracker mortgage about a decade ago. Switch your mortgage The switching market is finally heating up on the back of rate cuts from AIB and KBC. Free valuation for switchers and first time buyers. AIB will also pay the sum into the current account you use, even if it's with another bank. Enter a mortgage amount, term and interest rate. The payments are calculated on a monthly basis and based on a capital and interest repayment mortgage. Switch your Mortgage to Haven and we’ll pay you €2,000 to cover your costs. Switching Options If you’re thinking of moving your home mortgage from your current provider, we’d be delighted to talk to you! As to your flexibility to change products it really depends on the structure of any purchase. An independent valuation will be required. Building your own home: AIB helps you through the process of financing your build with budgeting tools and staging your costs. Before proceeding please read our Site Use Terms and Conditions, Privacy & Cookie statement which apply to your use of this website. Click here for more details. to apply, call us on 028 9082 1655 or request When you switch, if you choose our mortgage cashback offer, you’ll get 2% cashback on your mortgage at drawdown. A ‘Switcher’ Mortgage is one where Haven is re-financing or taking over an existing mortgage borrowing from another Lending Institution, allowing you to switch your mortgage without switching home! But, while the savings can be considerable, Irish homeowners remain reluctant to switch. This calculator is for illustrative purposes only and is not a mortgage offer. Call us on 0345 600 5925, request a callback or drop in to any AIB branch. Other security may be required, What you can borrow will depend on what you can comfortably afford to repay monthly, this may vary depending on individual circumstances, If you take a mortgage with a fixed rate of at least one year and decide to repay whole, or part early, if you convert to a variable interest rate, or, if you change to another fixed interest rate you may incur an early repayment charge, Keep in mind, you will also need money for Stamp Duty Land Tax and maybe a surveyor, Loan Type: Fixed rate for 5 years, reverting to standard variable rate for the remaining term, Initial monthly repayments: £818.91, followed by a repayment of £970.85  for the remaining term, APRC (annual percentage rate of charge): 3.2%. ICS Mortgages offers a range of mortgages for first time buyers, switchers, movers and buy to let investors. Offer available to new applicants who receive a full letter of approval up to 31/12/2021. Allied Irish Banks, p.l.c. Applicants must be 18yrs or over. Buying your first home is a huge decision, but that doesn't mean it has to be difficult. Topping up: AIB can top up your mortgage to help you fund home improvements and renovation costs. Find out more about our mortgages. (No Cashback) from Finance Ireland). First mortgage for a new home or looking to switch mortgage speak to doddl mortgage experts first. The outstanding balance on your mortgage: The average minimum mortgage accepted by Irish banks for someone switching is around €30,000 to €40,000. Whatever your mortgage question, you can bank on us Important information. The point of this post is to warn others. AIB says the €2,000 cashback will be paid into your nominated account within two months. And now, you also get 2% cashback on your monthly repayments until 2027, when you pay from an Explore Account. flyer. Cashback applies as follows: 5 Year Green mortgage - £1,500; 5 Year Fixed Rate mortgage - £1,500; 2 Year Fixed Rate mortgage - £1,000; Discount Freedom and 2 Year Green Discount Standard Variable Rate - £500. AIB and AIB Group  are registered business names of Allied Irish Banks, p.l.c. Since 1 January 2019, the Central Bank of Ireland has put new measures in place to make it easier to switch your mortgage. Switch your mortgage to us and we'll give you €2,000 to help cover your costs. **Applies to new lending only - cashback is payable within one month of draw down, subject to the loan not being redeemed during that time. All of the refunds are due to … The cash will be transferred directly into your current account within two months of drawing down your loan and it's suggested that it's used to help pay for the legal fees associated with switching. 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