Can I make an Overpayment on my Mortgage?
Yes, you can make an Overpayment on your mortgage, depending on what option you chose on the Overpayment form you can:
Reduce your monthly scheduled repayment amount, by paying a lump sum payment, complete the relevant information on the Overpayment form and select option a) (this option is also available via on Internet Banking)
Reduce your mortgage term by paying a lump sum payment, completing the relevant information on the Overpayment form and selecting option b)
Increase your monthly mortgage repayment and reduce your term by completing the relevant information on the Overpayment form and selecting option c)
You can only use an AIB funding account to make an Overpayment or Increase your scheduled monthly repayments when using this form
For fixed rate customers please be aware that a breakage cost may occur if you pay a lump sum or wish to reduce your mortgage term.