AIB Fixed Rate Mortgage Change

Following the European Central Bank’s increases in interest rates since July 2022 and in a rising interest rate environment, we are increasing our fixed mortgage interest rates.

From 30 June 2023, we will increase our fixed interest rates for mortgages by up to 0.70% for Private Homes (PDH) Mortgages. AIB Green Fixed Rate is not impacted at this time.

Existing fixed rate (mortgages currently in a fixed rate period) mortgages remain unaffected by the increase
Customers who draw down their new mortgage by close of business 28 July 2023 can avail of the previous rates. In order to draw down on 28 July 2023, all required documents must be submitted and deemed valid by 25 July 2023 by AIB.

We will apply these new rates to existing customers entering a new fixed rate period after close of business 29 June 2023.

To request a change to the interest rate on your mortgage you must complete the customer information and section 2 of the Mortgage Amendment Form. Please print and complete the form ensuring it is signed by all parties to the mortgage and email to homemortgages@aib.ie. Alternatively, return to the address shown on the form.

AIB Fixed Rates:

PDH Fixed Term	Current Rate			New Rates (Effective from 30 June 2023)
PDH Fixed Term	>80%	50% - 80%	<50%	>80%	50% - 80%	<50%
1 Years	4.50%	4.35%	4.20%	4.65%	4.55%	4.40%
2 Years	4.50%	4.35%	4.20%	4.70%	4.60%	4.45%
3 Years	4.20%	4.10%	4.00%	4.80%	4.70%	4.55%
4 Years	4.25%	4.15%	4.05%	4.85%	4.75%	4.60%
5 Years	4.30%	4.20%	4.10%	5.00%	4.80%	4.65%
7 Years	4.50%	4.40%	4.25%	5.15%	5.05%	4.90%
10 Years	4.65%	4.55%	4.40%	5.30%	5.20%	5.05%
High Value (4 Year Fixed)	3.95%	3.85%	3.75%	4.55%	4.35%	4.20%

I am a mortgage customer in a fixed rate, is my current rate affected by this increase?

We will not apply the increase if you are paying a mortgage within an existing fixed rate term.

Why are these fixed rate increases happening?

Following the European Central Bank’s increases in interest rates since July 2022 and in a rising interest rate environment, we are increasing our fixed mortgage interest rates.

I have mortgage approval with AIB but have yet to drawdown* my mortgage, does this change affect me?

Customers who drawdown* their new mortgage before close of business on 28 July 2023 can avail of the previous rates. In order to draw down on 28 July 2023, all required documents must be submitted and deemed valid by 25 July 2023 by AIB.

I am a mortgage customer and have submitted a request to fix my mortgage interest rate. Does this change affect me?

We will charge the previous rate (before the increase) to customers who have asked us to fix their rate using the mortgage amendment form from our website by close of business on 29 June 2023.

I am a mortgage customer and my mortgage is on a variable rate, are these rates changing?

Yes, we are changing our Variable Rates. Impacted customers will be written to in advance in line with our regulatory obligations.

Details of our mortgage rates are also available on our website.

You can visit: https://aib.ie/our-products/mortgages/mortgage-interest-rates

I am a mortgage customer and my current fixed rate period on my mortgage is due to end soon. Does this change affect me?

We will apply these new rates to existing customers entering a new fixed rate period from 30 June 2023.

Due to the recent coverage around increasing mortgage interest rates, I am concerned about missing future payments on my mortgage

If you are concerned about your mortgage repayments or if you have already missed repayments, you can speak to with us by calling 0818 251 008 and selecting Option 1.

Alternatively, you can visit https://aib.ie/have-you-missed-a-mortgage-payment