Take your time. Get a low interest rate, • Get a competitive fixed or variable rate. is an authorised agent and servicer of AIB Mortgage Bank u.c. But remember it’s fixed for a certain time like three, five or seven years and if you change it before the end, we may charge you a fee. There may be some other charges, for example if you go overdrawn without agreement. We're here to help, talk to a mortgage expert when and where it suits you. ✔ The big things you spend on, like personal loans. All when it suits you. We require you to ensure, prior to draw down of Stage, 1 that: (a) the Property has the benefit of all necessary planning and building control consents and; by the Prudential Regulation Authority and regulated by the Financial Registered Office: 10 Molesworth Street, Dublin 2, Tel: +353 (0)1 6600311. If it works out for you, the Government’s Help To Buy incentive could give you an extra €20,000 towards buying your home. A bank agrees to lend you money to buy, build or renovate a home and you agree to repay it. You can chose between a fixed interest rate, a variable one or a combination of both. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. An independent valuation will be required. Get a call from one of our mortgage experts. Loans are granted subject to an appraisal of the applicant's financial standing. Bank free of transaction and maintenance fees by paying your AIB mortgage from an AIB current account. You will need full planning permission in order to get approval for a self-build mortgage. You can contact us in a number of ways. If you are buying or building a high energy rated home, we are offering a new, lower rate of interest. Lending criteria, terms and conditions apply. Unlike a regular deal, where the lender releases the money to the seller in one go at completion, a self-build mortgage releases the funds in stages. When you’re ready to invest in your buy to let property, we’re here to guide you through each step of the way. Answer a few simple questions and in less than one minute we’ll calculate what your mortgage repayments might be. Check if any grants are available for the type of build you are planning. They will work with you to ensure budgets and plans are managed from the outset, helping ensure your build runs smoothly. With an exclusive ‘Self-Build Specialist’ service, AIB is the only mortgage provider in Northern Ireland that provides customers with a free independent advisor from a top construction consultancy to help keep self-build projects on time and on-budget. Only AIB (NI) assigns a Self-Build Specialist to assist you during the self-build mortgage process. At the same time there are certain terms that have certain meanings. 24173 Allied Irish Banks, p.l.c. Find out how much you can borrow with our mortgage calculator. Of course, this isn’t a loan yet, but you can go house hunting confident of what you could afford. With our mortgage calculator it’s easy to find out how much you could borrow. We’ve helped so many people through the process. Or maybe just talk to a Mortgage expert when and where it suits you. Speak to a mortgage adviser today. is an authorised agent and servicer of AIB Mortgage Bank u.c. What you can borrow will depend on what you can comfortably afford to repay monthly, this may vary depending on individual circumstances, You will need to be over 18 and security will be required before you can obtain a mortgage, APRC (annual percentage rate of charge): 4.0%. Allied Irish Banks, p.l.c. You’ll need a second valuation at the end when the house is built. The Self-Build Specialist is an independent adviser from a top construction firm. Pop into a branch, make an appointment on aib.ie or ask us to call you back when you can speak with one of our Homes Mortgage Advisors. Saving for a deposit is hard work, but with the Government Help to Buy incentive for new developments, you may be entitled to get up to 5% of the purchase value back. The mortgage will be secured against the mortgaged property. We will also need to see the letter you received before full planning that sets out a list of any conditions to the planning. Initially, they will provide a report for you on forecasted cashflow, risks, plans, insurance and more. Maybe have a contingency amount for your project based on 10% of the build cost as set out by your architect in your costings template. That will make the whole self-build process simpler for you—and let you focus on move-in day. Registered Number NI018800. – check it out on Revenue.ie where the criteria and process are explained. Registered Office 92 Ann Street, Belfast BT1 3HH. A fixed rate mortgage has a rate of interest which doesn’t change for a set period of time, so you know exactly how much you pay every month. Your solicitor will also get a copy and they’ll take you through it before you sign it and they send it back to us. Registered in Ireland: Registered No. KBC has some of the lowest fixed rates on the market* with a KBC Current Account +. A fixed rate makes it easier to budget for payments. Lending criteria, terms and conditions apply. AIB Mortgage Bank u.c. Where you see LTV, it stands for Loan to Value. Minimum mortgage amount £25,000. Here’s a handy checklist, if you need more information. Mortgages.ie 01 832 7250. Before proceeding please read our Site Use Terms and Conditions, Privacy & Cookie statement which apply to your use of this website. A variable rate mortgage has a rate of interest which can change. 2 mins, Melissa's advice when building a home At least they did 2 years ago. is regulated by the Central Bank of Ireland. AIB and AIB Group are registered business names of Allied Irish Banks, p.l.c. Applicants must be 18yrs or over. So best to get the budget right first time. Mortgages Try our handy mortgage calculators. We’ve competitive fixed and variable rates, but what do these mean? You can choose this rate if you are buying or building a property in which you are going to live once it has a BER rating between A1 and B3. For LTV fixed rates, the Annual Percentage Rate Charges (APRC)s may be higher or lower than the rate we show here, as we calculate them on the basis that the loan goes back to the LTV variable interest rate, based on the LTV interest rate band that applied to your mortgage loan during your fixed interest rate period (which may be higher or lower than the fixed rate) at the end of the fixed rate term. First Time Buyer. The following tables are a guide to the various mortgage products currently available for self … Find the nearest branch to better serve you. Once approved, self-builders can draw down their mortgage in up to 4 stages within a maximum of 18 months – allowing you to borrow only what you need across the period of the build. We can talk to you about: ✔ Using the site as a deposit Consult your Local Authority for more information on planning regulations in your area before you proceed with your mortgage application. Our personal mortgage customers don’t pay transaction or maintenance fees on their AIB current account they use to pay the mortgage on the home they live in. Let’s look at a couple of basics. If you own your site or are gifted one, it can serve as your deposit because it will be part of the overall value of the house when it’s built. Warning: If you change your loan from a tracker rate to a fixed interest rate, at the end of the fixed rate period, you will only have the options of a variable rate or another fixed rate. A self-build mortgage is a mortgage tailored to customers who are looking to build their own home or who are extensively renovating a property - where you can’t immediately put your key in the door. Once you have your deposit together you can apply for a mortgage and receive an Approval in Principle. We’ll make sure you’re on the right track from the start by helping you make a plan to get the deposit together. With our mortgage calculator it’s easy to find out how much you could borrow. Maximum mortgages are generally 3.5 times gross annual income and 80 per cent of the property value (90 per cent of the property value for first-time buyers). AIB Mortgage Bank u.c. ✔ Staging the building costs. Your mortgage will be secured against the mortgaged property. Hire qualified and experienced professionals. ✔ The basics like names, address, contact details, age. Our independent Self-Build Specialist will verify projected costs and help minimise over-spending during the build. 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