Mortgage Rates

Fixed rate (fixed until 31 August 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%	2.60%	The Bank's standard variable rate, currently 4.45%	3.6% APRC	If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply.
25%	2.70%		3.6% APRC
20%	2.95%		3.8% APRC
15%	3.10%		3.9% APRC
10%*	3.20%		3.9% APRC

*Applies to property values of up to £750,000. The minimum deposit required for properties over £750,000 is 20%.

Representative example:

Loan value: £1,065,531
Loan term: 18 years
Loan Type: Fixed rate for 5 years, reverting to standard variable rate for the remaining term
Initial monthly repayments: £6,182.30, followed by a repayment of £6,911.92 for the remaining term
Fixed rate: 2.60% for 5 years
Standard variable rate: currently 4.45%
APRC (annual percentage rate of charge): 3.6%
Number of monthly instalments: 216

The following fees are included in the calculation for this example:

Application fee £1000
Booking fee £1000
Funds transfer fee, £30;
Mortgage exit fee, £55;
Valuation fee £800

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 £386,551.52.

This means that the borrower would have to pay a total amount of £1,452,082.52. Home insurance is required.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

General Information Sheet

Important information

Allied Irish Bank (GB) 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.