If you're thinking about investing in a buy-to-let property AIB can guide you through the process and offer advice at every step of the way, on what mortgage loan may be available to you as a personal customer. We can discuss the options to getting you ‘mortgage ready’.
We’ll help you with the homework so you can focus on finding your new home.
As an AIB Mortgage customer you’ll benefit from:
Competitive interest rates including Variable (relative to your Loan to Value) and Fixed. You can view our current mortgage rates here.
Up to 70% finance available.
Repayment terms of up to 25 years (considered where appropriate).
A Mortgage Advisor to guide you through the process.
Home Insurance from AIB designed specifically for your investment property
Consultation with an AIB financial advisor, which includes an assessment of your life insurance, specified illness and income protection options.
You can apply for a low-cost finance Masterplan Account to help you manage your monthly bills.
You will need to be over 18 and security will be required before you can obtain a mortgage
What you can borrow will also depend on what you can comfortably afford to repay monthly, this typically should not exceed 35% of your disposable income, however this may vary according to individual circumstances
If you take a Mortgage with a fixed rate of at least one year and decide to repay whole, or part early, if you convert to a variable interest rate, or, if you change to another fixed interest rate you may incur an early breakage cost payable to Allied Irish Banks plc., and/or AIB Mortgage Bank.
You will require Mortgage Protection Insurance which can be arranged via AIB or you may purchase this through another Insurance company.
Keep in mind you will also need money for Valuation fees. The 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. AIB has agreed with the panel a fee of €150 for the initial valuation and €65 for any subsequent valuations should they be required.
Not forgetting possible cost of repairs and decoration on your new home
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
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.
You can also use the call back button 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).
Our A-Z Jargon Buster will get you up to speed on APR and Valuations and everything in between.
Use our useful checklist to ensure you have everything you need to be ‘mortgage ready’.
We offer personalised and competitive Home Insurance cover.
AIB's online web chat service enables you to chat to us about some of our services, products and queries you may have.
View our Residential Mortgage Valuers Panel Listing.
For all service related queries please visit our Help Centre.
Important Information about your Mortgage Distance Contract.
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.
