Highest rated loans

Company

AIB plc introduces and arranges AIB Mortgage Bank mortgage loans. AIB Mortgage Bank provides mortgage loans and are the entity that our customers will contract with. AIB plc service the AIB Mortgage Bank mortgage loan for the lifetime of the product.

Interest

2.81 %

Representative example

Loan Amount 100 000 €, Term: 20 years for an Owner Occupier Residential Property with LTV < 50% will have a variable interest rate 2.75 %, APRC: 2.81 %, monthly repayment: 541.86 €.
If the interest rate does not vary during the term of mortgage, total cost of credit would be 30 320.44 € (inclusive of 215 € valuation report fees and security release fee of 60 €). Total amount repayable: 130 320.44 €. The effect of a 1% increase in interest rates for such a mortgage will add 50.43 € to the monthly repayments.

100,000 € 20 year mortgage for a Buy-To-Let/Investment Property will have a Standard Variable interest rate of 4.85% and 4.97% APRC and 240 monthly repayments of €650.63. If the APR does not vary during the term of the mortgage, the total cost of credit i.e. the total amount repayable less than the amount of the loan would be €56,426.20 (inclusive of €150.00 and €65.00 valuation report fees and security release fee of €60). The total amount repayable would be €156,426.20. The effect of a 1% increase in interest rates for such a mortgage will add €55.55 to the monthly repayments.

Age restriction

You must be at least 18 years old

Registration number

No. 24173

Important

- Warning: If you do not keep up your repayments you may lose your home.
- Warning: You may have to pay charges if you pay off a fixed-rate loan early.
- Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
- Warning: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.
- Warning: The cost of your monthly repayments may increase.
- Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.
- Warning: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured in it.

Fees and charges:
- Valuation Report: to assess the value of your property and make sure that it offers suitable security for your mortgage loan, you will need to send us a valuation report on it. This valuation report will cost you € 150.00 and must be in our standard form and undertaken by a valuer from our Residential Mortgage Valuer’s Panel. If the valuation of the property is undertaken more than two months before the requested date of drawdown of the mortgage loan or of the final stage payment, we will require an up to date valuation of the property, in our standard form, before drawdown can take place; this will cost you € 65.00.

- Your own advisors’ fees: you will pay any fees, charges and expenses that you are charged by any of your own advisers in connection with the mortgage loan.

- Stamp Duty is payable on your new home. Your solicitor will work out how much stamp duty you owe.

- Our solicitors’ fees - if the security includes a new mortgage over property that is not your private dwelling place or holiday home, you will have to pay our solicitors’ fees in connection with the mortgage loan.

- Insurance

- Surcharge Interest: Arrears attract surcharge interest at 6% per annum in addition to the interest rate that applies to the loan. Surcharge can be avoided by making all repayments when due.

Office hours

Monday-Friday 09:00-17:00

Address

Bankcentre, Ballsbridge, Dublin 4.