Changes to AIB Fixed Rates for Mortgages
- Reduction in AIB 2-year PDH fixed rates by 0.75%
- Reduction in all other AIB PDH fixed rates by 0.50% (with the exception of AIB Green fixed rates and the AIB Higher Value 4-year fixed rate where there are no changes at this time)
Current Rates |
New Rates (effective from 13 May 2025) |
|
|---|---|---|
AIB 1 Year Fixed Rate – LTV <50%
|
4.40%
|
3.90%
|
| AIB 1 Year Fixed Rate – LTV 50% - 80% | 4.55%
|
4.05%
|
| AIB 1 Year Fixed Rate – LTV >80% | 4.65% | 4.15% |
| AIB 2 Year Fixed Rate – LTV <50% | 4.45% | 3.70% |
| AIB 2 Year Fixed Rate – LTV 50% - 80% | 4.60% | 3.85% |
| AIB 2 Year Fixed Rate – LTV >80% | 4.70% | 3.95% |
| AIB 3 Year Fixed Rate – LTV <50% | 4.55% | 4.05% |
| AIB 3 Year Fixed Rate – LTV 50% - 80% | 4.70% | 4.20% |
| AIB 3 Year Fixed Rate – LTV >80% | 4.80% | 4.30% |
| AIB 4 Year Fixed Rate – LTV <50% | 4.60% | 4.10% |
| AIB 4 Year Fixed Rate – LTV 50% - 80 | 4.75% | 4.25% |
| AIB 4 Year Fixed Rate – LTV >80% | 4.85% | 4.35% |
| AIB 5 Year Fixed Rate – LTV <50% | 4.65% | 4.15% |
| AIB 5 Year Fixed Rate – LTV 50% - 80% | 4.80% | 4.30% |
| AIB 5 Year Fixed Rate – LTV >80% | 5.00% | 4.50% |
| AIB 7 Year Fixed Rate – LTV <50% | 4.90% | 4.40% |
| AIB 7 Year Fixed Rate – LTV 50% - 80% | 5.05% | 4.55% |
| AIB 7 Year Fixed Rate – LTV >80% | 5.15% | 4.65% |
| AIB 10 Year Fixed Rate – LTV <50% | 5.05% | 4.55% |
| AIB 10 Year Fixed Rate – LTV 50% - 80% | 5.20% | 4.70% |
| AIB 10 Year Fixed Rate – LTV >80% | 5.30% | 4.80% |
If you want to change the interest rate on your mortgage, please fill out the customer information and section 2 of the Mortgage Amendment Form (PDF). Get everyone on the mortgage to sign it and email it to homemortgages@aib.ie. You can also post it to the address shown on the form.
Questions & Answers
I drew down my Mortgage before 13 May 2025 on a fixed rate, how will this affect me?
If you have drawn down your mortgage prior to 13 May 2025 it will have had the existing fixed rate (as per their Letter of Offer) on the date of drawdown applied.
These changes to non-Green fixed rate will be effective from Tuesday, 13 May 2025.
I have a Letter of Offer with a fixed rate on it. What rate will be applied to my mortgage at drawdown?
If you drawdown your mortgage on a fixed rate it will have the existing fixed rate on the date of drawdown applied.
If you drawdown your mortgage prior to 13 May 2025 then the existing rate prior to this announcement will apply.
You can decide whether you can hold off drawing down your mortgage until the effective date of the reduced rates on 13 May 2025.
If you cannot hold off drawdown until 13 May 2025, then we will apply the rate on the date of your drawdown.
Following this, you have a cooling off period during which you can fill out a Mortgage Amendment Form to confirm the new rate you want applied to your mortgage account from 13 May 2025. Please also write to us, when you send the form, to tell us you want to use the cooling off period as an opportunity to change your rate.
If you drawdown your mortgage on or after 13 May 2025 we will apply the new lower rates.
I have an Approval in Principle (AIP), what do I need to do?
You don’t have to do anything now. Before we send your Letter of Offer, your Mortgage Advisor will ask you what interest rate you want.
I have a mortgage with AIB on a Fixed rate. Can I have one of these new lower fixed rates?
If you already have a fixed rate on your mortgage, this fixed rate will continue to apply until the end of your fixed rate term.
If you want to move to an alternative fixed rate, you may have to pay an early breakage charge.
Please contact your Mortgages Advisor or local branch for more details.
I have a mortgage with AIB and my mortgage is on a variable rate. Are variable rates changing?
No, we are not changing our variable Rates.
Details of our mortgage rates are available on our website.
You can visit AIB mortgage interest rates.
I sent you a Mortgage Rate Amendment Form before these rates were reduced. Which rate will I get?
If you send us the Mortgage Rate Amendment Form before Wednesday 30 April 2025, you will get the current rates.
You can use the cooling-off period to complete a Mortgage Rate Amendment Form to get the new rates from 13 May 2025. Please also write to us, when you send the form, to tell us you want to use the cooling off period as an opportunity to change your rate.
I am an existing mortgage customer who submitted a Mortgage Rate Amendment Form on or after 30 April 2025, which rate will I get?
If you submit a Mortgage Rate Amendment Form between 30 April 2025 to close of business 12 May 2025, we will not process this request until 13 May 2025 when the new fixed rates are effective.
I received a fixed rate roll off letter from you that has the old fixed rates, what fixed rates are available to me?
All rate in the letters are correct at the time of posting but are subject to change.
If you send us the Mortgage Rate Amendment Form before Wednesday 30 April 2025, we will apply the current rates.
You can use the cooling-off period to complete a Mortgage Rate Amendment Form to get the new rates from 13 May 2025. Please also write to us, when you send the form, to tell us you want to use the cooling off period as an opportunity to change your rate.
If you submit a Mortgage Rate Amendment Form between 30 April 2025 to close of business 12 May 2025, we will not process this request until 13 May 2025 when the new fixed rates are effective.
Help & support
Home Mortgage Regulatory Information
A typical €100,000, 20 year mortgage for an Owner Occupier Residential Property with a ‘Green’ Fixed rate of 3.40% and Annual Percentage Rate of Charge (APRC) 3.88%, will include 60 monthly fixed repayments of €574.49 and 180 variable payments of €604.47. If the interest rate does not vary (based on today’s equivalent variable rate of 4.15%) 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 €43,548.48 (inclusive of €215.00 valuation report fees and security release fee of €60.00). The total amount repayable would be €143,548.48. The effect of a 1% increase in the prevailing variable rate (4.15%) will add €41.31 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. Over 18s only. Security may be required.
| 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: 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, a hire- purchase agreement, a consumer-hire agreement or a BNPL (Buy Now Pay Later) agreement in the future. |
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