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Up to £2,000 cashback* for First Time Buyers
Talk to us today
First Time Buyer mortgages
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
* Applies to new lending only - cashback is payable within one month of draw down, subject to the loan not being redeemed during that time. Cashback applies as follows: 5 Year Green mortgage - £2,000; 5 Year Fixed Rate mortgage - £2,000; 2 Year Fixed Rate mortgage - £1,000; Discount Freedom - £500; 2 Year Green Discount Standard Variable Rate - £500. Some exclusions apply: Further Advances and loans less than £100,000.
Let us help you get ‘mortgage ready’
You’ve decided to buy your first home. It’s an exciting time and also a big decision, but that doesn’t mean it has to be difficult. Just speak to us about your first mortgage and we’ll help you get ‘mortgage ready’.
Features and benefits
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Great mortgage rates
Fixed rate until 29 February 2024
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% 2.28% The Bank's standard variable rate, currently 3.8% 3.7% APRC If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply. 25% 2.55% 3.8% APRC 20% 2.55% 3.8% APRC 15% 2.80% 3.8% APRC 10% 2.80% 3.8% APRC 5% 3.25% 3.9% APRC Fixed rate until 27 February 2027
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% 2.20% The Bank's standard variable rate, currently 3.8% 3.4% APRC If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply. 25% 2.50% 3.5% APRC 20% 2.50% 3.5% APRC 15% 2.50% 3.5% APRC 10% 2.79% 3.6% APRC 5% 3.39% 3.8% APRC We also have other fixed or variable rate products. See our mortgage rates page to find out more
* 5% minimum deposit above applies to property values of up to £250,000, then 10% minimum deposit is applicable to properties valued up to £750,000. The minimum deposit for properties over £750,000 is 20%.
*10% minimum deposit above applies to New Build properties.
To calculate what a mortgage payment is likely to be, click here
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No application or booking fee
As a residential first time buyer, you will not pay an application fee, or a booking fee if you want to secure a particular fixed rate mortgage deal.
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Other features and information about our mortgages
Other Features
- Repayment terms of up to 35 years may be available to you
- A local mortgage adviser to guide you through the process
Useful Information
- What you can borrow will depend on what you can comfortably afford to repay monthly, this may vary depending on individual circumstances
- You will require home insurance
- Keep in mind you will also need money for valuation fees, legal fees, maybe a surveyor and Stamp Duty. Not forgetting possible repairs and decoration on your new home
- All our Residential Mortgages are now portable. Here’s what we mean by portable
Talk to us
Speak with a mortgage adviser today. They’ll explain exactly what’s involved, and answer any of your questions.
Call us on 0345 600 5925, request a callback or drop in to any AIB branch.
First Time Buyer Repayment Calculator
Find out what a monthly mortgage payment is likely to be based on the mortgage amount, term and interest rate you input below. To view our current mortgage rates, click here.
This calculator is for illustrative purposes only and is not a mortgage offer or a commitment to lend.
Estimated monthly repayment: £
469
This is based on capital and interest repayment mortgage and is for illustrative purposes only. Interest rates are subject to change.
If you want to find out more information on our mortgages or want to apply, call us on 028 9082 1655 or request a callback . Mortgages are subject to an appraisal of the applicant's financial standing.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Mortgage Affordability Calculator
| Want to check if you can afford a mortgage? Why not use our Mortgage Affordability Calculator. | |
| Start > | |
Representative example
- Loan value: £196,360
- Loan term: 29 years
- Loan Type: Fixed rate for 5 years, reverting to standard variable rate for the remaining term
- Initial monthly repayments: £789.70 followed by a repayment of £917.56 for the remaining term
- Fixed rate: 2.40% for 5 years
- Standard variable rate: currently 3.8%
- APRC (annual percentage rate of charge): 3.5%
- Number of monthly instalments: 348
- The following fees are included in the calculation for this example:
- Funds transfer fee, £30;
- Mortgage exit fee, £55;
- Funds transfer fee, £30;
If the rates do not vary during the term of the mortgage, the total cost of credit (the total amount repayable less the amount of the mortgage) would be £115,364.28. This means that the borrower would have to pay a total amount of £311,724.28. Home insurance is required.
Help and guidance
General Information about AIB (NI) Mortgages
Whatever your mortgage question, you can bank on us
Your mortgage fees and charges explained
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. For properties based in Northern Ireland, the minimum mortgage amount is £25,000. For properties based in England, Scotland or Wales, the minimum mortgage amount is £150,000 and applications will be accepted from PAYE employees only. Lending criteria, terms and conditions apply. An independent valuation will be required. Your mortgage will be secured against the mortgaged property. Other security may be required. Primary residence only.
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