Mortgage Charter - Supporting you with your Mortgage repayments

This form is only to be completed if you require a temporary interest only payment period of 6 months

Before you apply

By submitting this application you are considering moving to interest only payments for a 6-month period and confirm:

You have a residential mortgage with us
You are up to date with your mortgage payments at the time of this request
You have the permission of all other people named on the mortgage to make this application
You haven’t previously switched to interest only payments or extended the term of your mortgage under the Mortgage Charter
Please fill out one form for each property mortgaged with AIB (NI)
You've read the section entitled Declaration and Important Information

Your application will be reviewed to ensure it meets with the eligibility requirements as set out in the Mortgage Charter - GOV.UK (www.gov.uk).

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Section 1 - Your details

Your name:*

Your contact number:*

Your email address:*

Preferred contact time:*

Section 2 - Your mortgage details

Address of the property:*

Post code of the property:*

How many parties are named on your mortgage:*

Details of Borrower 2

Name of borrower:*

Contact number:*

Email address:*

Details of Borrower 3

Name of borrower:*

Contact number:*

Email address:*

Declarations and Important Information

Once we receive your request form, we will provide you with a personalised illustration within 2 working days. We will also provide you with written confirmation of your personalised illustration. If you wish to proceed, we will need your signed acceptance within 15 days of your next scheduled repayment date or the change will take effect from the following payment. If we do not receive your signed acceptance, the change will not take place.
We will not carry out an affordability assessment as part of this process.
If you decide to switch to interest only payments for a 6-month period, this will not appear on your credit file, but some lenders might look at your payment history when making lending decisions.   
By switching to interest only payments for a 6-month period, you will pay more interest over the term of your mortgage.
If you decide to switch to interest only payment for a 6-month period, your Direct Debit will be adjusted automatically to reflect your new monthly payment. If you repay your mortgage via an alternative option, then you'll need to make the necessary changes to ensure you are making the correct payment during this period.
If something changes and you would like to return to repaying both capital and interest during this 6-month period, you can contact us to arrange this.
No other terms and conditions in your mortgage agreement will change. By switching to interest only payments for a 6-month period, it is important to note that at the end of the 6-months, we will increase your monthly repayments over the remaining term of your mortgage to spread the cost of what you weren't paying during the 6-month period over the remainder of the original term of your mortgage.
We have not reviewed your needs and priorities and will not be providing any advice on your application, or the suitability of this arrangement for you.

By ticking below I/we confirm that I/we understand and accept the following:

That the information I/We have provided in this form is complete and accurate.

That the information you supply through this form will be held and used by us to process your request.

That when the 6-month interest only period ends, my/our mortgage repayments will increase because they will be recalculated to ensure that the total amount outstanding on my/our mortgage (which includes the amount I/we will not be paying during the 6-month interest only period, together with any interest that accrues) is repaid within the remaining term of my/our mortgage.

That by switching to interest only payments for a 6-month period, it will result in an increase to the overall cost of my/our mortgage.

That it is my/our personal responsibility to carry out a full review of any mortgage protection life cover in place if my/our request to switch to interest only payments for a 6-month period is approved. I/we understand that this review is necessary to ensure appropriate cover is in place.

That if I/we make repayments by Direct Debit, we do not need to amend my/our mortgage direct debit- this will be done automatically by the bank.

For more information about how we collect personal information about you, how we use it and how you can interact with us about it, visit our Data Protection page.

Before submitting this form please review the information you have completed to ensure it is accurate and complete.