Green Mortgage Rates
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Our Green Mortgage rates are available to you if:
You are a new customer buying your home (Private Dwelling Home mortgage) which has an Energy Performance Certificate (EPC) rating in bands A or B.
You already have a mortgage loan with us, your home has an EPC rating in the energy bands A or B and you’ve more than five years left on the loan.
The EPC must be currently valid and have been issued within the previous 10 years when you apply for a Green Fixed Rate mortgage.
There may be a cost associated with obtaining an EPC. If you cannot locate your EPC you may be able to recover it from the Domestic EPC registers.
Go to the EPC website and click the link to access the Domestic EPC Registers. Click on ‘Retrieve an Energy Performance Certificate' and follow the instructions on the screen. We will need this document before drawdown.
Features and Benefits
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Great mortgage rates
5 Year Green Mortgage (Fixed rate until 31 May 2028)
Minimum deposit (% of property price) Initial fixed interest rate Interest rate following the fixed interest term The overall cost for comparison Early repayment charge 40% 3.99% The Bank's standard variable rate, currently 6.75% 5.83% APRC If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply. 25% to 39% 3.99% 5.82% APRC 20% to 24% 4.05% 5.85% APRC 15% to 19% 4.24% 5.94% APRC 10% to 14% 4.79% 6.23% APRC 5% to 9% 5.79% 6.76% APRC See below for summary of additional information . To calculate what a mortgage payment is likely to be, click here . 2 Year Green Discount Standard Variable Rate
Minimum deposit (% of property price) Initial variable interest rate Differential to our Standard Variable Rate Interest rate following the discounted interest term The overall cost for comparison Early repayment charge 40% 4.69% -2.06% The Bank's standard variable rate, currently
6.75%
6.79% APRC N/A 25% 4.86% -1.89% 6.82% APRC N/A 20% 4.86% -1.89% 6.81% APRC N/A 15% 5.34% -1.41% 6.93% APRC N/A 10% 6.09% -0.66% 7.12% APRC N/A See below for summary of additional information . To calculate what a mortgage payment is likely to be, click here .
- 5% minimum deposit above applies to property values of up to £250,000, then 10% minimum deposit is applicable to properties valued up to £750,000. The minimum deposit for properties over £750,000 is 20%.Free valuation for switchers and first time buyers.
- 10% minimum deposit above applies to New Build properties.
Features and Benefits
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Cashback
£500 cashback is available on our 5 Year fixed Green Mortgage.
Some exclusions apply: Further advances and loans less than £100,000. A minimum of £100,000 must drawdown on the 5 Year fixed Green Rate to qualify for cashback.
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No application or booking fee
You will not have to pay an application fee or a booking fee with this mortgage.
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Free Valuations for First Time Buyers and Switchers
No valuation fee for First Time Buyers and Switchers
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Other features and information about our mortgage
Useful Information
A copy of the EPC for the property or the brochure for the property displaying the EPC must be provided to the Bank to avail of this product.
An EPC is valid for 10 years from the 'Date of Certificate' date, which is shown in the top left hand corner of the EPC.
To avail of our Green Mortgage product you must provide the Bank with a copy of the Energy Performance Certificate EPC for the Property which confirms that the Property has an energy efficiency rating in bands A or B. The Certificate EPC must be currently valid and have been issued within the previous 10 years when you apply for a Green Fixed Rate mortgage.
There are some terms and conditions you need to be aware of, such as, if you repay part of your loan while on a fixed rate, or you break out of your fixed rate early, you may have to pay a breakage cost. These are outlined in our Fees and Charges brochure .
Mortgage Repayment Calculator
Find out what a monthly mortgage payment is likely to be based on the mortgage amount, term and interest rate you input below. To view our current mortgage rates, click here .
This calculator is for illustrative purposes only and is not a mortgage offer or a commitment to lend.
Estimated monthly repayment
This is based on capital and interest repayment mortgage and is for illustrative purposes only. Interest rates are subject to change.
If you want to find out more information on our mortgages or want to apply, call us on 028 9082 1655 or request a callback . Mortgages are subjected to an appraisal of the applicant’s financial standing.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Representative example
- Loan value: £164, 253
- Loan term: 24 years
- Loan Type: Green Fixed rate for 5 years, reverting to standard variable rate for the remaining term
- Initial monthly repayments: £898,82 followed by a repayment of £1,119.31 for the remaining term.
- Fixed rate: 3.99% for 5 years
- Standard variable rate: currently 6.75%
- APRC (annual percentage rate of charge): 5.90%
- Number of monthly instalments: 288
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The following fees are included in the calculation for this example:
- Valuation fee, £200
- Funds transfer fee, £30;
- Mortgage exit fee, £55;
If the rates do not vary during the term of the mortgage, the total cost of credit (the total amount repayable less the amount of the mortgage) would be £145,043.88.64 This means that the borrower would have to pay a total amount of £309,296.88. Home insurance is required.
Help and guidance
Frequently asked questions
Whatever your mortgage question, you can bank on us
Talk to us
Speak with a mortgage adviser today. They’ll explain exactly what’s involved, and answer any of your questions.
Call us on 028 9047 9221 from Monday to Friday between 10am-5pm,
request a callback
or drop in to any
AIB branch
.
Important information
AIB (NI) reserves the right to withdraw or amend products at any time. Loans are granted subject to an appraisal of the applicant's financial standing. Applicants must be 18yrs or over. For properties based in Northern Ireland, the minimum mortgage amount is £25,000. For properties based in England, Scotland or Wales, the minimum mortgage amount is £150,000 and applications will be accepted from PAYE employees only. Lending criteria, terms and conditions apply. An independent valuation will be required. Your mortgage will be secured against the mortgaged property. Other security may be required. Primary residence only.
There may be a cost associated with obtaining an EPC. If you cannot locate your EPC you may be able to recover it from the Domestic EPC registers. Go to the EPC website and click the link to access the Domestic EPC Registers. Click on ‘Report Retrieval’ and follow the instructions on the screen.
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