Up to £500 cashback* for 5 year Green fixed rates
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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’.
5 Year Green Mortgage (Fixed rate until 31 August 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%||3.40%||The Bank's standard variable rate, currently 4.45%||4.27% APRC||If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply.|
|25% to 39%||3.40%||4.25% APRC|
|20% to 24%||3.40%||4.25% APRC|
|15% to 19%||3.40%||4.25% APRC|
|10% to 14%||3.80%||4.45% APRC|
|5% to 9%||4.09%||4.59% APRC|
2 Year Green Discount Standard Variable Rate
|Minimum deposit (% of property price)||Initial fixed interest rate||Differential to our Standard Variable Rate||Interest rate following the fixed interest term||The overall cost for comparison||Early repayment charge|
|10%||3.15%||-1.30%||The Bank's standard variable rate, currently 4.45%||4.48% APRC||If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply.|
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.
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: £
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
|Want to check if you can afford a mortgage? Why not use our Mortgage Affordability Calculator.|
Loan value: £173,075
Loan term: 30 years
Loan Type: Fixed rate for 5 years, reverting to standard variable rate for the remaining term
Initial monthly repayments: £784.20, followed by a repayment of £867.15 for the remaining term
Fixed rate: 3.50% for 5 years
Standard variable rate: currently 4.45%
APRC (annual percentage rate of charge): 4.30%
Number of monthly instalments: 360
The following fees are included in the calculation for this example:
Funds transfer fee, £30;
Mortgage exit fee, £55;
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 £134,207.00. This means that the borrower would have to pay a total amount of £307,282.00. Home insurance is required.
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.