AIB Top–Up Mortgage

• 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