AIB Top–Up Mortgage

• Competitive interest rates which you can view here
  

• Up to 80% loan to value for Top Up mortgages is available

• 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 borrow will depend on what you can comfortably afford to repay each month. As a general rule this should not exceed 3.5 times your gross annual income, this may vary according to your situation

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

• A valuation of the property will have to be carried out by a valuer on our residential mortgage valuers panel. This can only be arranged by contacting our Central Valuations Team on 1890 100 051. The valuation will cost you €150.00. If this is carried out more than four months before the requested date of drawdown of the loan or of the final stage payment, a re-valuation will be required and this will cost you €65.00.  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