Home Redesign - Card Demo

Home Regulatory Information

Green Fixed Rate
A typical €100,000, 20 year mortgage for an Owner Occupier Residential Property with a `Green’ Fixed rate of 2.60% and Annual Percentage Rate of Charge (APRC) 2.74%, this includes 60 monthly fixed repayments of €534.51 and 180 variable payments of €540.15.If the interest rate does not vary (based on today’s equivalent variable Rate of 2.75%) 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 €29,572.60 (inclusive of €215.00 valuation report fees and security release fee of €60.00). The total amount repayable would be €129,572.60. The effect of a 1% increase in the prevailing variable rate (2.75%) will add €38.48 to the 180 monthly variable repayments. Available to new and existing customers. Breakage fees may apply in the case of existing customers. Lending criteria, terms and conditions apply. Valid BER certificate of B3 or higher is required.

Variable Rate 
A typical €100,000, 20 year mortgage for an Owner Occupier Residential Property with LTV < 50% will have a variable interest rate of 2.75% and APRC 2.81%, and 240 monthly repayments of €541.86. If the interest rate 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 €30,320.44 (inclusive of €215.00 valuation report fees and security release fee of €60.00). The total amount repayable would be €130,320.44. The effect of a 1% increase in interest rates for such a mortgage will add €50.43 to the monthly repayments.

Fixed Rate
Fixed interest rate While on a fixed interest rate, the interest rate and mortgage repayment remains the same for the agreed fixed interest rate period (typically 1 to 10 years). During this time the interest rate will not change. At the end of your fixed interest rate period, you will have the option of moving to: (a) a new fixed interest rate and period, (if offered by us at that time); or (b) a variable interest rate, at our then prevailing rates applicable to your mortgage loan. For customers on an LTV based fixed rate, if you do not exercise a choice, an LTV variable interest rate, based on the LTV interest rate band that applied to your mortgage loan during your fixed rate period, will apply when your fixed interest rate period expires. For customers on a non LTV based fixed rate, if you do not exercise a choice, our standard variable interest rate will apply when your fixed interest rate period expires.

Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank u.c. in relation to origination and servicing of mortgage loans and mortgages.  AIB Mortgage Bank u.c. is regulated by the Central Bank of Ireland.