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Up to £2,000 Cashback*
Mortgages for home movers
*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 - £1,500; 2 Year Fixed Rate mortgage - £1,000; Discount Freedom and 2 Year Green Discount Standard Variable Rate - £500. Some exclusions apply: Further Advances and loans less than £65,000.
Time to move? We’ll get things moving for you.
We’ll get you ‘mortgage ready’ by keeping things as simple as possible. If you have decided that you need a larger home, or you would like to be nearer family, friends, the right school for the children, or your new job. Whatever your reason for moving, we can help you to plan ahead and get the process moving in the right direction with the mortgage to suit you. Plus, to give you a helping hand up the property ladder, there’s;
- Up to £2,000 Cashback for mortgages over £65,000*
- No application fee
- No booking fee
Home movers mortgages
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Features and benefits
Why choose AIB (NI) for your home mover mortgage?
- No application fee or booking fee for residential home movers
- We’ll help you with the homework so you can focus on finding your new home
- Competitive interest rates for owner occupiers including variable and fixed term rates (relative to your Loan to Value)
- Repayment terms of up to 35 years may be available to you
- A local mortgage adviser to guide you through the process
How it works
- You will need to be over 18 to obtain a mortgage. Your home is security for your mortgage. Other security may be required
- What you can borrow will depend on what you can comfortably afford to repay monthly, this may vary depending on individual circumstances
- If you take a mortgage with a fixed rate of at least one year and decide to repay whole, or part early, if you convert to a variable interest rate, or, if you change to another fixed interest rate you may incur an early repayment charge
- You will require home insurance
- Keep in mind you will also need money for valuation fees, legal fees, maybe a surveyor and Stamp Duty Land Tax. Not forgetting possible repairs and decoration on your new home
Port Your Mortgage
If you are planning a home move, you can bring your existing mortgage deal with AIB (NI) with you. This means you can transfer your mortgage rates, terms and conditions to your new property, leaving you free to focus on moving.
Click here for information on how to port your mortgage.
Mortgage Repayment Calculator
Our mortgage repayment calculator is a helpful tool which will tell you what a mortgage payment is likely to be based on your selected mortgage amount, term and interest rate. This calculator is for illustrative purposes only and is not a mortgage offer. The payments are calculated on a monthly basis and based on a capital and interest repayment mortgage. Interest rates are subject to change.
To view our mortgage rates, click here.
Mortgage Repayment Calculator
Enter a mortgage amount, term and interest rate.
Estimated monthly repayment: £
469
This is an illustration and not a commitment to lend. Mortgages are subject to an appraisal of the applicant's financial standing. Lending criteria, terms and conditions apply.
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.
Representative example
- Loan value: £164,866
- Loan term: 26 years
- Loan Type: Fixed rate for 5 years, reverting to standard variable rate for the remaining term
- Initial monthly repayments: £681.99, followed by a repayment of £812.60 for the remaining term
- Fixed rate: 1.99% for 5 years
- Standard variable rate: currently 3.8%
- APRC (annual percentage rate of charge): 3.3%
- Number of monthly instalments: 312
- The following fees are included in the calculation for this example:
- Valuation Fee, £200;
- 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 £81,113.60. This means that the borrower would have to pay a total amount of £245,979.60. Home insurance is required.
Talk to us
Call us on 0345 600 5925 or drop in to any AIB branch and speak with a mortgage adviser today. They’ll explain exactly what’s involved, and answer any of your questions.
Alternatively, fill in our Mortgage Callback Request form and one of our mortgage advisers will call you to explain your options.
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. Primary residence only.
