Insurance
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Life assurance
It is strongly recommended that the lives of the applicants are insured for the full amount and term of the mortgage.
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Home insurance / Fire cover
The borrower is responsible for insuring the mortgaged property against fire to the full reinstatement value of the property, index linked.
A copy of the schedule of appropriate buildings insurance will be required prior to drawdown of the mortgage facility.
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Self-Build Insurances
Self-Build insurance and Contractor’s insurance are required for all Self-Build projects. An independent Self-Build Specialist will request these documents at the initial site review.
IMPORTANT: This site is solely for the use of FCA authorised mortgage intermediaries registered with AIB (NI). If you're not a mortgage intermediary or professional advisor and would like information about a mortgage please go to our Personal Banking site.
AIB Group (UK) p.l.c. is covered by the Financial Services Compensation Scheme, Financial Ombudsman Service and is a Registered Firm with The Lending Standards Board.
The AIB logo and AIB (NI) are trade marks used under licence by AIB Group (UK) p.l.c. incorporated in Northern Ireland. Registered Office 92 Ann Street, Belfast BT1 3HH. Registered Number NI018800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.