| Rate type | Interest Rates | APRC | Cost per €'000 |
|---|---|---|---|
| LTV Var <=50% | 2.75% | -- | -- |
| LTV Var >50% <=80% | 2.95% | -- | -- |
| LTV Var >80% | 3.15% | -- | -- |
| 1 Year LTV Fixed <=50% | 2.95% | -- | -- |
| 1 Year LTV Fixed >50%<=80% | 3.05% | -- | -- |
| 1 Year LTV Fixed >80% | 3.15% | -- | -- |
| 2 Year LTV Fixed <=50% | 2.95% | -- | -- |
| 2 Year LTV Fixed >50%<=80% | 3.05% | -- | -- |
| 2 Year LTV Fixed >80% | 3.15% | -- | -- |
| 3 Year LTV Fixed <=50% | 2.35% | -- | -- |
| 3 Year LTV Fixed >50%<=80% | 2.45% | -- | -- |
| 3 Year LTV Fixed >80% | 2.55% | -- | -- |
| 4 Year LTV Fixed <=50% | 2.65% | -- | -- |
| 4 Year LTV Fixed >50%<=80% | 2.75% | -- | -- |
| 4 Year LTV Fixed >80% | 2.85% | -- | -- |
| 5 Year LTV Fixed <=50% | 2.35% | -- | -- |
| 5 Year LTV Fixed >50%<=80% | 2.45% | -- | -- |
| 5 Year LTV Fixed >80% | 2.55% | -- | -- |
| 7 Year LTV Fixed <=50% | 2.95% | -- | -- |
| 7 Year LTV Fixed >50%<=80% | 3.05% | -- | -- |
| 7 Year LTV Fixed >80% | 3.15% | -- | -- |
| 10 Year LTV Fixed <=50% | 3.10% | -- | -- |
| 10 Year LTV Fixed>50%<=80% | 3.20% | -- | -- |
| 10 Year LTV Fixed >80% | 3.30% | -- | -- |
| Green 5 Year LTV Fixed <=50% | 2.25% | -- | -- |
| Green 5Year LTV Fixed>50%<=80% | 2.35% | -- | -- |
| Green 5 Year LTV Fixed >80% | 2.45% | -- | -- |
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Elaine has a mortgage
in Donegal
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Save by switching
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Switching your mortgage is a lot less hassle than you might imagine.
We’ve helped lots of people switch to us. Moving your mortgage to AIB may give you more flexibility such as:
✔ Saving on monthly repayments
✔ Reducing your term
✔ Less paperwork
Everything you need to know is here. Read a guide, watch a video. Take your time. And when you’re ready to chat we’ll help however we can, wherever it suits you.
Watch how it all works
Here's how it all works
Get €2,000 when you switch
If you’re thinking of switching your mortgage we have a great deal for you to think about.
To help cover your costs, we’ll pay you €2,000 straight into the current account you use to pay your mortgage within two months of switching, even if that current account is with another bank.
But if you do choose to have your current account with us our personal mortgage customers don’t pay transaction or maintenance fees on their AIB current account when they set up a direct debit to pay the mortgage on the home they live in.
We have competitive Fixed and Variable interest rates.
Why switch to AIB?
Switching your mortgage sounds like a real hassle. Why would you want to go to all that effort of paperwork, solicitors and banks? Well, it could mean you saving on your monthly repayments or even reducing the time left on your mortgage. That all means more money in your pocket.
There’s plenty of reasons to talk to one of our Mortgage Experts about switching your mortgage. They can take you through our competitive fixed and variable interest rates and work out exactly how much you could save by switching your mortgage to us.
What’s more, if you’re a personal mortgage customer with us you won’t pay transaction or maintenance fees on the AIB current account you use to make mortgage repayments on the home you live in. We’ll give you €2,000 when you switch your mortgage to AIB to help cover your costs; we’ll pay it into the current account you use to pay your new mortgage within two months of your mortgage drawdown, even if that current account is with another bank.
Bear in mind though, your payments have to be up to date and your mortgage needs to have some equity in it, which means the balance is less than the value of the house. If you have a tracker mortgage with another mortgage provider, you will lose it when you switch to us. We recommend you speak to an independent financial advisor before you make the switch.
Use our Switcher Calculator to find out just how much you could save.
We have a guide to switching mortgages. There is also helpful, independent information about switching mortgages on the Competition and Consumer Protection Commission’s website.
Talk to one of our experts
Pop into a branch, make an appointment on aib.ie or ask us to call you back when you can speak with one of our Mortgage Experts.
You don’t need any documents or deposit saved to chat to an expert. We’ll make sure you’re on the right track from the start by helping you make a plan to get the deposit together. If you can’t make it to a branch, we can come to meet you, so this may also be an option for you.
Get your paperwork together
Once you’ve saved your deposit you will need to show us that you can afford to keep repaying the mortgage. Your Mortgage Expert will tell you exactly what documents you need to give us, such as payslips, bank statements, credit card bills and proof of saving or gifts.
Apply for Approval in Principle
Once you have your deposit together, you can apply for a mortgage and receive an Approval in Principle. This is when we agree, in principle, to give you a mortgage, based on the information you’ve given us. Then you’ll know how much you have to spend on your new home. There will be more conditions you’ll have to meet, but we’ll make these clear so you’ll know what else you have to do before we can lend you the money.
You can apply over the phone, or in a branch with one of our Mortgage Experts. If you’re unsure about anything, why not book an appointment online or pop into a branch to speak with one of us?
4 Reasons to switch to AIB
Fixed or Variable Rate?
You can choose between a fixed interest rate (including our new green rate), a variable, or a combination of both.
Fixed rate
A fixed rate mortgage has a rate of interest which doesn’t change for a set period of time, so you know exactly how much you pay every month. A fixed rate makes it easier to budget for payments. But remember it’s fixed for a certain time like three, five or seven years and if you change it before the end, we may charge you a fee.
Green 5 Year Fixed Rate
If you are buying or building a high energy rated home, we are offering a new, lower rate of interest. You can choose this rate if you are buying or building a property in which you are going to live once it has a BER rating between A1 and B3.
Variable rate
A variable rate mortgage has a rate of interest which can change. We will always tell you in advance if it is going to go up or down and how your monthly repayment amount will change as a result.
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.
Mortgage Loan Rates
- For LTV fixed rates, the Annual Percentage Rate Charges (APRC)s may be higher or lower than the rate we show here, as we calculate them on the basis that the loan goes back to the LTV variable interest rate, based on the LTV interest rate band that applied to your mortgage loan during your fixed interest rate period (which may be higher or lower than the fixed rate) at the end of the fixed rate term.
- If you break out of a fixed rate before that rate ends we may charge you a breakage cost. For further information please click the Home Mortgage Regulatory Information.
- Warning: If you change your loan from a tracker rate to a fixed interest rate, at the end of the fixed rate period, you will only have the options of a variable rate or another fixed rate. Your original tracker rate will not be available to you.
- For variable rates, we calculate the Annual Percentage Rate Charges on the basis that the current rate will remain unchanged for the full term of the loan.
- Our Annual Percentage Rate Charges include valuation fees of €150 and €65 and a €60 security release fee (at the end of the mortgage term).
We're here to help, talk to a mortgage expert when and where it suits you.
Home Mortgage Regulatory Information
Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank u.c. in relation to origination and servicing of mortgage loans and mortgages. AIB Mortgage Bank u.c. 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 loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. |
Switching Mortgage Calculator
This calculator works out the monthly and overall savings you could make by switching your mortgage to the best available rate available to you. Switch your mortgage to us and we'll give you €2,000 to help cover your costs. We’ll pay it into the current account you use to pay the mortgage from even if that current account is with another bank.
Select AIB Mortgage Rate Option
Select AIB Mortgage Rate Option
Current monthly repayment
€ 0.00
New monthly repayment
€ 0.00
Monthly Saving
€ 0.00
Saving over remaining mortgage term:
€ 0.00
Repayment after 'x' Years
€ 0.00
Make sense of
mortgage jargon
Fixed Interest Rate
With a fixed rate mortgage, your interest rate and monthly repayments are fixed for a set time as agreed between the lender and borrower. Although a fixed rate means your repayments cannot increase for a set period of time, your repayments will not fall during the fixed rate period. As a result, you could miss out on lower interest rates and lower repayments. Fixed rates may cost more over the long run but they offer peace of mind as you know your repayments will not rise during the fixed rate period.
LTV and LTI
Loan to Value (LTV) is the amount you can borrow from us relative to the value of the property you're buying. Loan to Income (LTI) is the maximum amount a customer can borrow based on a multiple of their gross income.
This calculator is for illustrative and guidance purposes only and is not an offer of a loan. The limits applied can vary so it’s important to talk to us as early as possible about your plans. The amount you can borrow will depend on your individual circumstances and is subject to lending criteria, terms and conditions. Terms of up to 35 years are available for First Time Buyers, Movers and Switchers to a maximum age of 70. At the end of the LTV Fixed rate term, the LTV Fixed rate rolls on to the corresponding LTV variable interest rate band that applied to the mortgage loan during the Fixed rate period.
The calculation is based on limited information and does not consider your financial circumstances, for example, where you are on an existing fixed rate with your current mortgage provider you may have to pay a breakage fee. Our calculator does not take into account fees that may need to be paid when switching your mortgage, such as legal or valuation fees and does not include the €2,000 switching offer. In addition when you select a fixed rate option and you subsequently drawdown a mortgage on any fixed rate option we may charge you an early breakage fee.
How to applyWhen you’re ready to invest in your buy to let property, we’re here to guide you through each step of the way.
Your Mortgage Expert will go through the mortgage application form and switching process and let you know what documentation you will need to gather for your application.
To get ready you’ll need to get a few things together.
✔ The basics like names, address, contact details, age.
✔ What you earn (we’ll ask you to back this up with payslips later).
✔ The big things you spend on, like personal loans.
✔ Some details about the property.
✔ If you are self-employed or you earn income from other investment properties we will need to see your income and expenditure in the form of accounts.
Here’s a handy checklist, if you need more information.
There’s no commitment, but for our part, the first thing we’ll do is give you an idea of how much we could lend you. We call this Approval in Principle.
At this stage you will see what your monthly repayments might be.
Other ways to start your application now
In a local branch
More than 200 branches across Ireland makes us the perfect solution no matter where you are. Find the nearest branch to better serve you
Talk to an expert
Or maybe just talk to a Mortgage expert when and where it suits you.
We're here to help, talk to a mortgage expert when and where it suits you.
Talk to an expert
Home Mortgage Regulatory Information
| 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 loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. |
Before proceeding please read our Site Use Terms and Conditions, Privacy & Cookie statement which apply to your use of this website. AIB and AIB Group are registered business names of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2
