Green 5 Year Fixed Rate

     

If your customer is buying a high energy rated home, we are offering a new, lower rate of interest.

 

Green Mortgage Rates

Green Mortgage Fixed rate (Fixed rate until 31 August 2025)

Minimum deposit (% of property price) Initial fixed interest rate Interest rate following the fixed interest term The overall cost for comparison Early repayment charge
40% 1.89% The Bank's standard variable rate, currently 3.8% 3.3% APRC If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply.
25% 2.04% 3.3% APRC
20% 2.17% 3.4% APRC
15% 2.38% 3.4% APRC

See below for summary of additional information. To calculate what a mortgage payment is likely to be, click here.

2 Year Green Discount Standard Variable Rate

Minimum deposit (% of property price) 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
15% 2.50% -1.30%

The Bank's standard variable rate, currently

3.8%

3.8% APRC

 

N/A

See below for summary of additional information. To calculate what a mortgage payment is likely to be, click here.

  • *15% minimum deposit above applies to property values of up to £750,000.  The minimum deposit for properties over £750,000 is 20%.
 
  • No valuation fee for new customers, valuation fee refunded upon drawdown for all first time buyers

 

This information is intended for intermediary use only and is not intended nor has it been approved as a qualifying credit promotion.

 

 

Our new Green 5 Year Fixed Rate is available to your customer if:

 

They are a new customer buying their home (Private Dwelling Home mortgage) which has an Energy Performance Certificate (EPC) in bands A or B.

 

They already have a mortgage loan with us, their home has an EPC rating in the energy bands A or B and they have more than five years left on the mortgage.

 

 

How to apply for this Green 5 Year Fixed Rate

 

Go to our applications page where you can download our application form and find our email address.

 

 

Things to note:

 

A copy of the EPC for the property or the brochure for the property displaying the EPC must be provided to the Bank to avail of this product.

 

An EPC is valid for 10 years from the 'Date of Certificate' date, which is shown in the top left hand corner of the EPC.

 

There may be a cost associated with obtaining an EPC. If your customer cannot locate their EPC they may be able to recover it from the Domestic EPC registers.

 

Go to the EPC website and click the link to access the Domestic EPC Registers. Click on ‘Retrieve an Energy Performance Certificate' and follow the instructions on the screen. We will need this document before drawdown.

 

To avail of our Green Mortgage product your customer must provide the Bank with a copy of the EPC for the Property which confirms that the Property has an energy efficiency rating in bands A or B . The EPC must be currently valid and have been issued within the previous 10 years when you apply for a Green Fixed Rate mortgage.  The EPC must have been issued no later than ten years from the date of the mortgage application.

 

There are some terms and conditions the customer will need to be aware of. If they repay even part of their loan while on a fixed rate, or if they break out of the fixed rate early, they may have to pay a breakage cost. These are outlined in our Fees and Charges brochure. 

Important information

 

AIB (NI) reserves the right to withdraw or amend products at any time. Loans are granted subject to an appraisal of the applicant's financial standing. Applicants must be 18yrs or over. Minimum mortgage amount £25,000. Lending criteria, terms and conditions apply. An independent valuation will be required. The mortgage will be secured against the mortgaged property. Primary residence only.