Following the European Central Bank’s increases in interest rates since July 2022 and in a rising interest rate environment, we are increasing all our variable interest rates.

From 14 August 2023, we’ll increase our variable interest rates for mortgages by 0.65% for Private Dwelling Homes (PDH).

We will write to affected customers before the change to advise them of the increase in their mortgage repayments.

To request a change to the interest rate on your mortgage you must complete the customer information and section 2 of the Mortgage Amendment Form. Please print and complete the form ensuring it is signed by all parties to the mortgage and email it to homemortgages@aib.ie. Alternatively, return it to the address shown on the form.

AIB PDH Variable Rates:

I am a mortgage customer in a fixed rate, is my current rate affected by this increase?

Our fixed rate customers are not impacted by our variable rate increase.

AIB announced increases for fixed rate mortgage customers from 30 June 2023. Please refer to our website for further details.

Why are these variable rate increases happening?

Following the European Central Bank’s increases interest rates since July 2022 and in a rising interest rate environment, we are increasing our mortgage interest rates.

I have mortgage approval with AIB but have yet to drawdown* my mortgage, does this change affect me?

Customers who drawdown* their new mortgage on a variable rate will have the prevailing variable rate on the date they drawdown their mortgage applied.  

I am a mortgage customer and have submitted a request to fix my mortgage interest rate. Does this change affect me?

Our fixed rate customers are not impacted by our variable rate increase.

AIB announced increases for fixed rate mortgage customers from 30 June 2023. Please refer to our website for further details.

I am a mortgage customer and my mortgage is on a variable rate, are these rates changing?

Yes, we are changing our Variable rates. Impacted customers will be written to, to advise them of this change and the increase in their mortgage repayments.

Details of our mortgage rates are also available on our website.

You can visit: https://aib.ie/our-products/mortgages/mortgage-interest-rates

I am a mortgage customer and my current fixed rate period on my mortgage is due to end soon. Does this change affect me?

Prior to the expiry of the fixed rate period on your mortgage we will write to you with the interest rate options available. You can select from our fixed and variable rate products. The rate applied to your mortgage account will be the prevailing rate on the day we apply your request to your mortgage account.

Due to the recent coverage around increasing mortgage interest rates, I am concerned about missing future payments on my mortgage

If you are concerned about your mortgage repayments or if you have already missed repayments, you can speak to with us by calling 0818 251 008 and selecting Option 1.

Alternatively, you can visit https://aib.ie/have-you-missed-a-mortgage-payment

What other rate options are there?

We have wide range of competitive rate options available to customers. Please visit our website for more information

 https://aib.ie/our-products/mortgages/mortgage-interest-rates

* Mortgage drawdown means where all the loan conditions have been complied with and AIB transfers the mortgage amount to your solicitor.