A tracker mortgage ‘tracks’ changes to the ECB rate. If the ECB decides to increase or decrease its rate, the rate on the Tracker Mortgage will go up or down by the same percentage.
The ECB has increased its rate by 0.75%. This means the tracker mortgage rate is going up by 0.75%.
We will write to all customers to inform them of the changes to their Tracker Mortgage interest rate from mid-September.
The direct debit for your mortgage will automatically change, so you don’t have to do anything.
You will need to amend your standing order to reflect the increased mortgage repayment. If you are registered for our AIB mobile banking app, you can amend the standing order through our “Pay & Transfer” option. Alternatively, you visit the Quick Banking Area in your local branch.
If your current account is not with AIB, you will need to contact your Bank to make an amendment to your standing order.
Our Standard Variable Rate, LTV Variable Rates and Fixed Rates are unchanged. Details of our mortgage rates are available on our website.
If you are concerned about your current mortgage repayments, or if you are already in arrears on your repayments, you can speak to our Credit Support Unit by calling 0818 251 008 and selecting Option 1.
Alternatively, you can visit https://aib.ie/have-you-missed-a-mortgage-payment
We have wide range of competitive rate options available for customers. Please visit our website for more information.