Kids getting bigger, need more space but don’t want to move home? AIB Top –up Mortgage may be the answer for you.

If you are thinking of extending the kitchen, building a play room or adding another bathroom an AIB Top-Up could help make this happen

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Top Up Mortgage

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    Features and Benefits

    • Competitive interest rates which you can view here

    • Up to 80% loan to value for Top Up mortgages is available with 75% for one bed properties

    • Top ups will be considered for the following purposes:
      - Expenditure on the Mortgaged Property or on another property mortgaged to AIB
      - Grant- aided renewable energy and other energy efficient home improvements
      - Education expenses
      - Parental gift for dependant(s), into a house purchase

    • Minimum Top Up Loan Amount €10,000, with an exception if the application for top up is for grant aided renewable energy or other energy efficient home improvements this may be considered for amounts less than €10,000

    • Repayment terms of up 35 years may be available to you.

    • A Mortgage Advisor to guide you through the process.
       

    Additional Features and Benefits

    • Consultation with an AIB financial advisor, which includes an assessment of your life assurance, specified illness and income protection options
       

    Additional Relevant Information

    • What you can top up by will also depend on what you can comfortable afford to repay monthly, this typically should not exceed 35% of your disposable income, however this may vary according to individual circumstances

    • Up to date evidence of income will be required in all cases

    • You will be asked to provide a Valuation, this valuation report must be dated within four months of the date of the drawdown of funds, otherwise you maybe required to obtain a new valuation. This must be provided by a member of the Bank's Residential Mortgage panel prior to full sanction. AIB has agreed with the panel a fee of €150 for the initial valuation and €65 for any subsequent valuations should they be required. Please note that in certain cases i.e house extensions and building work we may require a subsequent valuation on completion of the works

    • A Top Up mortgage is also available for customers who are in Negative Equity click through here for further information on AIB Negative Equity products which may be available to you

    • The currency of your loan and repayments will be euro. If the currency of (some of) your income or assets you intend to use to repay the mortgage loan is not euro, and/or you live in a European Economic Area (EEA) state that is not in the euro zone, the mortgage loan is a foreign currency loan.
       

    You should be aware that fluctuations in the relevant currency exchange rates may affect the value of your outstanding mortgage balance and/or your repayment. This could mean that you may find it difficult to afford your mortgage repayments.
    We can only facilitate one non-euro currency per mortgage application.
     

    • Your life assurance may be affected by topping up your mortgage and will need to be reviewed in terms of cover and adequacy in line with your new total borrowings. Home Insurance policies can be impacted if you're extending or altering the structure of your home and you should contact your insurers to check if any changes will affect your cover

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Talk to Us

Drop in to any AIB branch and speak with a Mortgage Advisor today. They’ll explain exactly what’s involved, and answer any of your questions.

 

Or phone 1890 724 724 to set up a meeting at a time that suits you. (Lines are open Monday to Friday 8am to 9pm, Saturday 9am to 6pm).

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Help and Guidance

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Negative Equity Mover

If your mortgage is in Negative Equity and you want to move house or top up your mortgage, AIB may have the options to help.

 

Confused by all the jargon?

Our A-Z Jargon Buster will get you up to speed on APR and Valuations and everything in  between.

 

We’ve got you covered

We offer personalised and competitive Home Insurance cover.

 

AIB Web Chat

AIB's online web chat service enables you to chat to us about some of our services, products and queries you may have.


Residential Mortgage Panel

View our Residential Mortgage Valuers Panel Listing.


Frequently Asked Questions
View our list of Frequently Asked Questions on Mortgages.


Help Centre

For all service related queries please visit our Help Centre.

 

Distance Marketing Directive

Important Information about your Mortgage Distance Contract.

Other Information

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 tied to Irish Life Assurance plc, for life and pensions business. Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Irish Life Assurance plc 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 credit agreement, your account will go into arrears, this may effect your credit rating, which may limit your ability to access credit in the future.

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