Discounted Variable Rate Mortgages
Here are some of the benefits of a variable rate mortgage:
- No application fee
- Free legal fees for customers switching their mortgage to AIB for Intermediaries using a bank nominated solicitor. Click here for more details.
- Free valuation for switchers and first time buyers
- Repayment terms of up to 35 years
Our Rates
2 Year Green Discount Standard Variable Rate
| Maximum LTV | Initial variable interest rate | Differential to our Standard Variable Rate | Interest rate following the discounted interest term | The overall cost for comparison | Early repayment charge |
|---|---|---|---|---|---|
| ≤60% | 5.29% | -2.06% | The Bank's standard variable rate, currently 7.35% |
7.42% APRC |
N/A |
| ≤75% | 5.46% | -1.89% | 7.45% APRC |
N/A |
|
| ≤80% | 5.46% | -1.89% | 7.45% APRC |
N/A |
|
| ≤85% | 5.94% | -1.41% | 7.57% APRC |
N/A |
|
| ≤90%* | 6.69% | -0.66% | 7.76% APRC |
N/A |
|
*Existing customers: 95% maximum LTV above applies to property values of up to £250,000. The maximum LTV for properties valued between £250,000 and £750,000 is 90%. The maximum LTV for properties over £750,000 is 80%. New Business: 90% maximum LTV above applies to property values of up to £750,000. The maximum LTV for properties over £750,000 is 80% Free valuation for switchers and first time buyers A standard variable rate mortgage is also available |
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2 year variable 'Discount Freedom'
| Maximum LTV | Initial variable interest rate | Differential to our Standard Variable Rate | Interest rate following the discounted interest term | The overall cost for comparison | Early repayment charge |
|---|---|---|---|---|---|
| ≤60% | 5.39% | -1.96% | The Bank's standard variable rate, currently 7.35% |
7.45% APRC |
N/A |
| ≤75% | 5.56% | -1.79% | 7.48% APRC | ||
| ≤80% | 5.56% | -1.79% | 7.48% APRC | ||
| ≤85% | 6.04% | -1.31% | 7.60% APRC | ||
| ≤90%* | 6.79% | -0.56% | 7.79% APRC | ||
· *The 90% LTV tier is available for first time buyers only. Free valuation for switchers and first time buyers. **The 95% LTV tier is available to existing AIB customers only and is available for property values up to £250,000. Click here for more information on our Loan to Value Criteria. |
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Important information
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.