Porting

AIB (NI) classifies porting applications into two separate categories

a) True port - this applies when the loan to value on the new property (compared to the current property) stays the same or decreases

b) *Standard port - this applies when the loan to value on the new property (compared to the current property) increases

Documentation and information needed for a True Port Application

A sale memorandum for both the customer(s) current property and for the new proposed property
The customer(s) current AIB (NI) mortgage must be up to date, with no missed payments or outstanding arrears.

Porting FAQs

Will my customer need to pay an early repayment charge (ERC)?
Is there a valuation fee for my customer(s)?
Can my customer port their 'green' mortgage?

Yes, if the new property also meets the 'Green' criteria (ie EPC A or B) the mortgage can be transferred to the new property and the green mortgage terms will still apply. Green 5 Year Fixed Mortgage - AIB (NI)

If your customer is 'porting' to a property that doesn’t meet the green criteria, the mortgage can still be transferred at the same rate, but any “green” references will be removed from the documents. When the fixed rate ends, if the property does not meet the green criteria, only standard mortgage products (non-green) will be available.
Will my customer receive cashback?

Use this form if your customer wishes to transfer their existing mortgage to a new home (option to borrow more)