• What types of applications are acceptable/not acceptable?

    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

  • What deposit is required?

    Click here to view the deposits required on our products

  • What proof of deposit is required?

    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 repayment options are available?

    Applications will only be accepted on a Capital and Interest repayment basis. An exception to this is Self-Build properties.

     

    For Self-Build properties, the customer will be offered a ‘Low Start’ option, allowing for Interest Only repayments for the duration of the construction phase, to a maximum of 18 months.

  • 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 3 months’ payslips
    • 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:

     

    1. Is an existing AIB (NI) Customer; and
    2. Has a LTV of ≤ 90%; and
    3. Has a max 3.5 times LTI; and
    4. 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.
    • 3 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
    • A letter from the customer’s accountant confirming tax affairs are up to date
     

     

    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.

  • What other documentation should accompany the mortgage application?

    • 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.

  • What insurance is required prior to drawdown?

    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.

  • What fees apply?

    You can see a full list of our fees and charges here.

  • What rates apply?

    You can see a full list of our interest rates here.

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