Your first home -

believe and it can happen

 

• All the steps are easier with Ireland’s first online mortgage tool

• Get Approval in Principle that lasts for 12 months

• Get a competitive fixed or variable rate    

 

Daniel and Nicole comfortably sitting in their new kitchen in conversation with one another.

Nicole & Daniel's first home, Dublin 24

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First home
First home

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Check our rates
Check our rates

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Mortgage calculator
Mortgage calculator

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Apply now
Apply now

First time buyer, Nicole, smiling as she sits in her new home.

If you’ve decided to buy your first home... you’ve taken the right step.

It's a big decision but we’ve helped lots of people buy their first home. We can talk to you about:

✔ Saving a deposit
✔ Giving you an idea of how much you could borrow
✔ Getting you ready to apply

Whether you’re all set to go, or you need some help, everything is here. Read a guide, watch a video. 

If you’re ready, you can go ahead and apply, if you want to chat to an expert over the phone, we're here to help. 

Apply Now

Watch how it all works

The journey to buying a home 2 mins

The journey to buying a home 2 mins

Your application on your time 25 sec

Your application on your time 25 sec

Getting mortgage ready 3 mins

Getting mortgage ready 3 mins

Here's how it all works

Think of a mortgage as a home loan; a way to get your feet on the property ladder - the first step on the way to getting out of renting, or living with parents and getting a home of your own. Let’s look at a couple of basics.

Basically a mortgage is a loan used to buy a home.  And the home becomes the security for the mortgage loan. A bank agrees to lend you money to buy, build or renovate a home and you agree to repay it.

When you apply for a mortgage with us we’ll give you what’s called an Approval in Principle. This shows how much we’re able to lend you based on the information you’ve given us.  Of course, this isn’t a loan yet, but the figure we give you lasts for 12 months so you can go house hunting confident of what you can afford.

With our mortgage calculator it’s easy to find out how much you could borrow.

Calculate

 

There’s also rates to consider. We’ve competitive fixed and variable rates, but what do these mean?

Fixed Rate or Variable Rate?

You can chose between a fixed interest rate, a variable one or a combination of both.

A fixed rate mortgage has a rate of interest which doesn’t change for a set period of time, so you know exactly how much you pay every month. A fixed rate makes it easier to budget for payments. 

But remember it’s fixed for a certain time like three, five or seven years and if you change it before the end, we may charge you a fee.

A variable rate mortgage has a rate of interest which can change. We will always tell you in advance if it is going to go up or down and how your monthly repayment amount will change as a result.

So you have approval in principle, what’s next?

You go house hunting, find a home, make an offer and hopefully it goes sale agreed. When that happens let us know and we’ll guide you through the next stage. That includes things like getting the home valued by one of our valuers, getting it insured, telling us who your solicitor is, getting a mortgage protection policy in place and so on. It sounds daunting but we’ll help you through it all.

When everything’s done we’ll send you a contract – what we call a letter of offer - to sign. Your solicitor will also get a copy and they’ll take you through it before you sign it and they send it back to us.  

There isn’t a bank that will lend you all of the money to buy a property, so you need to have enough money saved to pay a deposit. If you’re buying your first home you’ll need to have saved at least 10% of the house price as a deposit. You may need more for stamp duty and legal fees.

Other buyers will need more, for example you’ll need a bigger deposit if you are buying a one bed apartment.

Getting into the habit of saving can be hard, but once you realise that a place of your own is the goal it’s worth every cent.

Get saving tips

 

Check out our savings calculator to get a clear idea of the deposit you need. It will give you a clear idea of how much you need to be saving each month to meet your target.

Savings calculator

 

Open a savings account

We have lots of different saving accounts to choose from. Consider an online notice deposit account. As soon as you get paid, use our mobile app to send money over to your savings account. If you have a habit of dipping into your savings, maybe set up a notice account where you have to give notice before taking money out.

Pop into a branch, make an appointment on aib.ie or ask us to call you back when you can speak with one of our Mortgage Experts.

You don’t need any documents or deposit saved to chat to an Expert. We’ll make sure you’re on the right track from the start by helping you make a plan to get the deposit together. If you can’t make it to a branch, we can come to meet you, so this may also be an option for you. 

Get your paperwork together

Once you’ve saved your deposit you will need to show us that you can afford to keep repaying the mortgage.  Your Mortgage Expert will tell you exactly what documents you need to provide, such as payslips, bank statements, credit card bills and proof of saving or gifts.

No Fees

Our personal mortgage customers don’t pay transaction or maintenance fees on their AIB current account they use to pay the mortgage on the home they live in.

Apply for Approval in Principle

Once you have your deposit together you can apply for a mortgage and receive an Approval in Principle. This is when we agree, in principle, to give you a mortgage, based on the information you’ve given us. Then you’ll know how much you have to spend on your new home. There will be more conditions you’ll have to meet, but we’ll make these clear so you’ll know what else you have to do before we can lend you the money.

Approval in principle lasts for 12 months. If you want to progress to an official contract (Letter of Offer) on a specific property any time after the first 6 months, we’ll ask you to verify that your financial circumstances are the same. Lending criteria, terms and conditions apply.

You can apply online, over the phone, or in a branch with one of our Mortgage Experts. If you’re unsure about anything, why not book an appointment online or pop into a branch to speak with one of us?

Once our Mortgage Expert gives you approval in principle, you’re well on your way. We’ll make all the next steps as easy as we can for you. We’ll send you a link to My Mortgage, which lets you control the rest of your application in your own time.

✔  My Mortgage works on your mobile 
✔  It takes you step by easy step through everything 
✔  It's interactive with messages and uploads

Book an appointment

What happens after I get mortgage approval in principle?

Once we give you approval in principle, you can go house hunting with greater confidence in what you can afford.

Make an offer

If you’ve found a home you like, you can make an offer but be sure to have a surveyor check the property out. They’ll be able to spot any damp, cracks in the walls, infestation issues or faulty wiring. Once you’re satisfied the house or apartment is structurally sound, you can put down your deposit.

Find a Solicitor

If you haven’t got a solicitor yet, now’s the time to find one, maybe by asking friends or family for a recommendation.  They’ll be doing most of the dealings with the seller or builders’ solicitor on your behalf, so make sure they’re reputable. Next, tell us once you’ve made an offer; we need to know the property details, including its value. This can be easily arranged by calling our Central Valuations Team on 1890 100 051.

Sign the offer letter        

When we’re happy they’ve received all the relevant property details and any other things we’ve asked you to do (they are all laid out as conditions) we’ll send a formal offer letter to you and your solicitor. This is the official contract, so review it carefully together. Once you’re both happy, sign and return it to us.

Mortgage protection and home insurance

You’ll need to have both mortgage protection and home insurance in place before we send the money to your solicitor. Our AIB Financial Advisors will be happy to discuss your life / illness cover and income protection options.

Make buying your home a little easier

Gráinne Quirke, a Mobile Mortgage Manager, sitting in conversation with a Customer.
Gráinne Quirke, Mobile Mortgage Manager, Wexford, Wicklow & Carlow

Talk to us
Anthony and Warren smiling and laughing as they sit in the living of their new home.
Got Approved?

Here's a rundown of the next steps you need to take...

Get more info
A person holding some application forms with calculation tools and various stationery scattered on a table.
Useful Guides & Forms

All the guides and forms you will need in one place.

Show me
A customer, Aisling, smiles as she sits having a cup of tea and chatting with a mortgage advisor at home.
Frequently Asked Questions

The answer to your questions, in one place.

Read more

Fixed or Variable Rate?

You can choose between a fixed interest rate (including our new green rate), a variable, or a combination of both.

Fixed rate

A fixed rate mortgage has a rate of interest which doesn’t change for a set period of time, so you know exactly how much you pay every month. A fixed rate makes it easier to budget for payments. But remember it’s fixed for a certain time like three, five or seven years and if you change it before the end, we may charge you a fee. 

Green 5 Year Fixed Rate

If you are buying or building a high energy rated home, we are offering a new, lower rate of interest. You can choose this rate if you are buying or building a property in which you are going to live once it has a BER rating between A1 and B3.

Find out more

Variable rate

variable rate mortgage has a rate of interest which can change. We will always tell you in advance if it is going to go up or down and how your monthly repayment amount will change as a result.

Where you see LTV, it stands for Loan to Value. It refers to the ratio of your loan to the value of the property. We offer different rates depending on that ratio. 

Mortgage Loan Rates
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Rate type Interest Rates APRC Cost per €'000
LTV Variable >80% 3.15%
LTV Variable >50%<=80% 2.95%
LTV Variable <=50% 2.75%
1 Year Fixed 3.15%
2 Year Fixed 3.15%
3 Year Fixed 2.55%
4 Year Fixed 2.85%
5 Year Fixed 2.55%
7 Year Fixed 3.15%
10 Year Fixed 3.30%
Green 5 Year Fixed 2.45%
LTV Variable >80% 3.15% 3.22% €5.62
LTV Variable >50%<=80% 2.95% 3.01% €5.52
LTV Variable <=50% 2.75% 2.81% €5.42
1 Year Fixed 3.15% 3.22% €5.62
2 Year Fixed 3.15% 3.22% €5.62
3 Year Fixed 2.55% 3.03% €5.32
4 Year Fixed 2.85% 3.10% €5.47
5 Year Fixed 2.55% 2.93% €5.32
7 Year Fixed 3.15% 3.22% €5.62
10 Year Fixed 3.30% 3.34% €5.69
Green 5 Year Fixed 2.45% 2.89% €5.27
LTV Variable >80% 3.15% 3.21% €4.82
LTV Variable >50%<=80% 2.95% 3.01% €4.71
LTV Variable <=50% 2.75% 2.80% €4.61
1 Year Fixed 3.15% 3.21% €4.82
2 Year Fixed 3.15% 3.21% €4.82
3 Year Fixed 2.55% 3.06% €4.51
4 Year Fixed 2.85% 3.11% €4.66
5 Year Fixed 2.55% 2.97% €4.51
7 Year Fixed 3.15% 3.21% €4.82
10 Year Fixed 3.30% 3.32% €4.89
Green 5 Year Fixed 2.45% 2.93% €4.46
LTV Variable >80% 3.15% 3.21% €4.29
LTV Variable >50%<=80% 2.95% 3.00% €4.19
LTV Variable <=50% 2.75% 2.80% €4.08
1 Year Fixed 3.15% 3.21% €4.29
2 Year Fixed 3.15% 3.21% €4.29
3 Year Fixed 2.55% 3.08% €3.97
4 Year Fixed 2.85% 3.12% €4.13
5 Year Fixed 2.55% 3.00% €3.97
7 Year Fixed 3.15% 3.21% €4.29
10 Year Fixed 3.30% 3.30% €4.37
Green 5 Year Fixed 2.45% 2.96% €3.92
LTV Variable >80% 3.15% 3.21% €3.93
LTV Variable >50%<=80% 2.95% 3.00% €3.82
LTV Variable <=50% 2.75% 2.80% €3.71
1 Year Fixed 3.15% 3.21% €3.93
2 Year Fixed 3.15% 3.21% €3.93
3 Year Fixed 2.55% 3.09% €3.60
4 Year Fixed 2.85% 3.13% €3.76
5 Year Fixed 2.55% 3.02% €3.60
7 Year Fixed 3.15% 3.21% €3.93
10 Year Fixed 3.30% 3.29% €4.01
Green 5 Year Fixed 2.45% 2.99% €3.55
Rate type Interest Rates APRC Cost per €'000
Standard Variable 4.85
1 Year Fixed 5.55
2 Year Fixed 5.75
3 Year Fixed 5.95
4 Year Fixed 6.15
5 Year Fixed 6.35
Standard Variable 4.85% 4.97% €6.51
1 Year Fixed 5.55% 5.06% €6.89
2 Year Fixed 5.75% 5.18% €7.01
3 Year Fixed 5.95% 5.34% €7.12
4 Year Fixed 6.15% 5.53% €7.23
5 Year Fixed 6.35% 5.75% €7.35
Standard Variable 4.85% 4.97% €5.75
1 Year Fixed 5.55% 5.04% €6.16
2 Year Fixed 5.75% 5.14% €6.27
3 Year Fixed 5.95% 5.28% €6.39
4 Year Fixed 6.15% 5.45% €6.52
5 Year Fixed 6.35% 5.64% €6.64
  1. For fixed rates, the Annual Percentage Rate Charges (APRC)s may be higher or lower than the rate we show here, as we calculate them on the basis that the loan goes back to the standard variable rate (which may be higher or lower than the fixed rate) at the end of the fixed rate term.
  2. If you break out of a fixed rate before that rate ends we may charge you a breakage cost. For further information please click the Home Mortgage Regulatory Information.
  3. Warning: If you change your loan from a tracker rate to a fixed interest rate, at the end of the fixed rate period, you will only have the options of a variable rate or another fixed rate. Your original tracker rate will not be available to you.
  4. For variable rates, we calculate the Annual Percentage Rate Charges on the basis that the current rate will remain unchanged for the full term of the loan.
  5. Our Annual Percentage Rate Charges include valuation fees of €150 and €65 and a €60 security release fee (at the end of the mortgage term).
Why choose AIB?
Why choose AIB?
  • Get approval in principle that lasts for 12 months
  • Find out how much you could borrow
  • Apply Online
Find out more

We're here to help. Talk to a mortgage expert, or apply now if you're ready to go.

Meet a mortgage expert
Meet a mortgage expert

We're ready to help

Ask for a call back
Ask for a call back

Get a call from one of our mortgage experts

Talk to us now
Talk to us now

Monday – Friday:

09:00 – 17:00

Branch
Apply

It’s now easier to apply online.

Home Mortgage Regulatory Information

 

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

 

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: The cost of your monthly repayments may increase.

 

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.

Mortgage calculators

With our mortgage calculator it’s easy to find out how much you could borrow. Answer a few simple questions and in less than one minute we’ll calculate what your mortgage repayments might be.

You’ll need:

  • What you earn
  • The big things you spend on

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.

Of course, this isn’t a loan yet, but the figure we give you lasts for 12 months so you can go house hunting confident of what you could afford.

CalculatorHow much could I borrow?

Use your income and expenses to estimate how much you may be able to borrow for a home loan.

Deposit calculatorHow much do I need for deposit?

Add up all you need to save for your new home including additional costs.

Apply onlineHow to apply

This is where it all starts.

Applying is a big step, but we’ve made it as easy as possible. Applying online is the quickest and easiest way to find out how much you can borrow. And it’s secure too, because when you send us information, we’ll keep it safe and only for as long as we need it. 

Before you start, if you are relying on any income support for COVID-19 from the Government or your employer, the best way to start your mortgage application to is call us on 1850 24 24 25, book an appointment here, or request a call back here.

To get ready, you’ll need to get a few things together.

✔ What you earn (we’ll ask you to back this up with payslips later).

✔ The big things you spend on like rent and loans.

There’s a handy checklist here, if you need more information.

There’s no commitment, but for our part, the first thing we’ll do is give you an idea of how much we could lend you. We call that Approval in Principle and it will last for 12 months. It’ll show what your monthly repayments might be, so you can easily see your budget.

When you apply online we’ll set you up with My Mortgage on your mobile so you can upload documents, see what you’ve to do next and message our team. All when it suits you. 

 

What happens next?

When you apply formally to us for a mortgage, we’ll confirm within three business days that we have all the information we asked you for, or we’ll let you know if there is anything missing. It will take us up to ten business days to tell you our decision about your application. If for any reason it takes us longer we will let you know why - and when we will get back to you.

Other ways to start your application now

AIB Branch
In a local branch

More than 200 branches across Ireland makes us the perfect solution no matter where you are. Find the nearest branch to better serve you

Call us
Over the phone

Monday – Friday:

09:00 - 17:00

 

Talk to us
Talk to an expert

Or maybe just talk to a Mortgage expert when and where it suits you.

Make buying your home a little easier

Caroline Malone, a Mobile Mortgage Manager, in conversation with a Customer.
Caroline Malone, Mobile Mortgage Manager, Dublin West

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How to manage your application 

 Mobile icon.My Mortgage – Register or Login

 Or applied online after 13 February?

 AIB desktop icon.Applied online before 13 February?

Keep going with your application

We're here to help. Talk to a mortgage expert, or apply now if you're ready to go. 

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Meet a mortgage expert

We're ready to help

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Ask for a call back

Get a call from one of our mortgage experts

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Talk to us now

Monday - Friday:

09:00 - 17:00

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Apply

It’s now easier to apply online

Home Mortgage Regulatory Information
 

Allied Irish Banks, p.l.c. is an agent of AIB Insurance Services Limited in relation to provision of general insurance products. AIB Home Insurance is exclusively underwritten by AXA Insurance dac. AIB Insurance Services Limited is regulated by the Central Bank of Ireland.

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

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: The cost of your monthly repayments may increase.

 

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.

 

 

Talk to an expert

Talk to an expert

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Start a live chat

A mortgage expert can usually chat to you within a few minutes

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09:00 - 17:00

Call 1890 24 24 25