Frequently asked questions

Here are some of the most frequently asked questions about our mortgages

We encourage you to send in applications for the following:
- To purchase residential properties for owner-occupation
- To remortgage residential properties for owner-occupation
- To improve, repair or maintain residential properties that are owner-occupied
- To purchase the equity of another party to the mortgage
We do not accept applications for the following types:
- Buy to let properties
- Loans used for bridging finance
- Business investments
- Payment of taxes
- Replenishment of savings and investment in timeshares
We will require evidence of the deposit / balance of purchase price in one of the following formats:
- Statements of savings/deposit accounts
- Evidence of investment products to be liquidated
- In the case of gifted deposits, clear evidence of ability to provide funds together with confirmation from donor that gift is not repayable in the future. You will find our Gift certificate here.

What proof of income is required?

Only income earned in Pounds Sterling (£) from employment / investments in the UK will be accepted for affordability purposes.

Employees

Self Employed

Certified copy of most recent 1 month payslip

Certified copy of latest P60

Certified copies of 3 months bank statements from immediately before application (N/A where current account is with AIB (NI))

Include Regular / Proven / sustainable:
- Overtime
- Bonuses (if annual, must be proven over a 3 year period)
- Allowances

†Note: If your Switcher customer:

Is an existing AIB (NI) Customer; and
Has a LTV of ≤ 90%; and
Has a max 3.5 times LTI; and
Has their salary mandated to their AIB (NI) current account,

there is a reduced requirement for employment documentation - One up to date payslip only.

We will accept 100% of proven sustainable overtime/bonus/allowances, however applications should not have a heavy reliance on these as a source of monthly income.

2 years signed Financial Accounts (Certified / Audited)

Certified copy of 3 months business bank statements from immediately before application (N/A where current account is with AIB (NI))

Certified copy of 3 months personal current account statements from immediately before application

Confirmation from the customer’s accountant confirming tax affairs are up to date or confirmation from HMRC that tax affairs are up to date and in order.

Note: Where it is not possible to obtain original payslips and bank statements, photocopies or electronic versions may be relied upon provided these can be cross verified.

- Certified copies of original identification enclosed (e.g. Passport or Driving Licence) which are valid and in date
- Certified copies of original address identification which are valid and in date (e.g. Bank statement / recent utility bill issued up to 3 months ago)
- Evidence of deposit
- Printed copy of affordability calculation
The following documentation is required for Self-Build properties:
- Self-Build Costings/Programme
- Architect Drawings
- Evidence of Planning Permission
- Self-Build Insurance Details
- Contractor Certificates of Competency
- Relevant Statutory Approvals
The following documentation is required for Green Mortgage
- An Energy Performance Certificate (EPC) rating in bands A or B. It must
- An EPC is valid for 10 years form the 'Date of Certificate' date, which is shown in the top left hand corner of the EPC.
- The Certificate must have been issued no later than ten years from the date of your mortgage application.
Home insurance

The borrower is responsible for insuring the mortgaged property against fire to the full reinstatement value of the property, index linked.

Copy of schedule of appropriate buildings insurance will be required prior to drawdown of the mortgage facility.

Self-Build insurance

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.