Green Mortgages
Here are some of the benefits of choosing a green mortgage:
- Up to £500 Cashback click here for more details
- No application fee
- No booking 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
Green Mortgage Rates
5 Year Green Mortgage (Fixed rate until 31 May 2029) |
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|---|---|---|---|---|
| Maximum LTV | Initial fixed interest rate | Interest rate following the fixed interest term | The overall cost for comparison | Early repayment charge |
| ≤60% | 4.14% | The Bank's standard variable rate, currently 7.75% |
6.43% APRC | If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply. |
| ≤75% | 4.34% | 6.52% APRC | ||
| ≤80% | 4.45% | 6.58% APRC | ||
| ≤85% | 4.61% | 6.66% APRC | ||
| ≤90% | 4.86% | 6.79% APRC | ||
| ≤95% | 5.85% | 7.32% APRC | ||
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. *** 95% Loan to value product is open to all customers excluding those seeking to finance ‘New Builds’ Click here for more information on our Loan to Value Criteria. |
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2 Year Green Discount Standard Variable Rate |
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|---|---|---|---|---|---|
| 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% | 5.69% | -2.06% | The Bank's standard variable rate, currently 7.75% |
7.86% APRC | N/A |
| ≤75% | 5.86% | -1.89% | 7.89% APRC | N/A | |
| ≤80% | 5.86% | -1.89% | 7.89% APRC | N/A | |
| ≤85% | 6.34% | -1.41% | 8.01% APRC | N/A | |
| ≤90% | 7.09% | -0.66% | 8.20% 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% No valuation fee for switchers and first time buyers. A standard variable rate mortgage is also available |
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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 Mortgage rates are 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 a Green Mortgage
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.
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.