You should remember to budget for all the costs associated with buying a new property, which may include:
When you find the house you want and we’ve approved your mortgage, you need to choose a solicitor to act on your behalf. It is worth shopping around to get the best quote available.
For more information on switching your mortgage click here.
We’ll arrange a valuation report, completed by an approved valuer from our AIB (NI) Residential Mortgage Valuers panel. Once approved, your letter of loan offer will be sent to your solicitor.
This is free for switchers and first time buyers.
For your own peace of mind, you may want to organise a structural survey. Generally it’s not a Bank requirement, but will inform you of any issues which may affect your property.
If you buy property in the UK, you might have to pay Stamp Duty Land Tax. Your solicitor will be able to advise you how much Stamp Duty Land Tax you will have to pay.
Booking or application fees
Depending on the specific mortgage you choose, you may have to pay a booking or application fee. Ask us for more information.