Green Fixed Rates
New lower mortgage rates for Green and energy efficient homes.
We have two new Green Fixed rates for home mortgages in the Republic of Ireland.
The new rates will be available from 26 October 2024 for new and existing Private Dwelling Home (PDH) customers.
You can apply for our new Green 2 Year Fixed rate if:
- the mortgaged property has a valid BER with a rating of between A1 – B3 (eligible BER ratings: A1, A2, A3, B1, B2 and B3). We will need to see a valid BER certificate.
Or, - you are building your own home or undertaking works that requires planning permission such as self-builds and large renovations. We will need AIB Building Certificates that show the build work meets nearly Zero Energy Building (nZEB) standards.
New Product |
Loan to Value (LTV) |
Rate |
|---|---|---|
New Green 2 Year Fixed Rate A & B BER |
<=50%
|
3.15%
|
>50%<=80%
|
3.25%
|
|
| >80% | 3.35% |
You can apply for our new GreenA 3 Year Fixed rate if:
- the mortgaged property has achieved a valid BER with a rating of A1-A3 (eligible BER ratings: A1, A2, and A3), We will need to see a valid BER certificate.
Or, - you are building your own home under planning permission for a self-build. We will need AIB Building Certificates that show the build work meets nearly Zero Energy Building (nZEB) standards.
New Product |
Loan to Value (LTV) |
Rate |
|---|---|---|
New GreenA 3 Year Fixed Rate A BER |
<=50%
|
3.00%
|
>50%<=80%
|
3.10%
|
|
| >80% | 3.20% |
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.
I have a mortgage with you, and I have a fixed rate. Can I have one of the new AIB Green Fixed rate mortgages?
Yes, if you already have a fixed rate on your mortgage, you can have the new rate once you meet certain criteria.
If you choose the Green 2 Year Fixed rate or the Green 5 Year Fixed rate you will need to show that the property qualifies for that rate. You will have to provide either an up-to-date Building Energy Rating (BER) Certificate showing your property has a BER of A1, A2, A3, B1, B2 or B3 or, if you are building or renovating your home and planning permission is required, we will need AIB Building Certificates that show the build work meets nearly Zero Energy Building (nZEB) standards.
If you choose the GreenA 3 Year Fixed rate you will need to show that the property qualifies for that rate. You will have to provide either an up-to-date Building Energy Rating (BER) Certificate showing your property has a BER of A1, A2 or A3 or, if you are building your home and planning permission is required, we will need AIB Building Certificates that show the build work meets nearly Zero Energy Building (nZEB) standards.
We will use your property's BER Certificate number to check the BER rating on the Sustainable Energy Authority Ireland (SEAI) National BER Register
For more information on eligibility criteria for our AIB Green Fixed rate mortgages click here
If you move off a fixed rate, we may apply an Early Breakage Charge. Please contact your Mortgage Advisor or local branch who will give you more information on this.
If you want to change the interest rate on your mortgage, please fill out the customer information and section 2 of the AIB Mortgage Amendment Form. 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.
What if I took out my mortgage on Friday 25 October 2024 on another rate but want a new AIB Green Fixed rate mortgages?
If you drew down your mortgage between Friday 27 September 2024 and Friday 25 October 2024, you can apply for one of the new AIB Green Fixed rate mortgages once you meet certain criteria. We will not apply an Early Breakage Charge. If you took out your mortgage before Friday 27 September 2024, we may apply an Early Breakage Charge.
You can change your rate by completing an AIB Mortgage Amendment Form. If you move off a fixed rate, we may apply an Early Breakage Charge. Please contact your Mortgage Advisor or local branch who will give you more information on this.
What if I am doing renovations on my house, can I get a AIB Green Fixed rate mortgage?
If you are renovating and you need planning permission for it, then you can get the Green 2 Year Fixed rate or the Green 5 Year Fixed rate mortgage. Once the work is completed and if you can provide a valid BER Certificate showing a BER A1-A3, then you can move your mortgage loan onto the GreenA 3 Year Fixed rate mortgage. You can change your rate by filing in an AIB Mortgage Amendment Form. We may apply an Early Breakage Charge.
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: Mortgage interest rates
I am concerned about missing payments on my mortgage.
If you are concerned about your mortgage repayments or if you have already missed repayments, you can speak with us by calling 0818 251 008 and selecting Option 1.
Or, you can visit: Have you missed a Mortgage payment
What other rate options are there?
We have other rate options available. Please visit our website for more information.
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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