Irish Mortgage Lender Profiles - AIB Mortgages

AIB Mortgages - Lender Profile.

AIB are one of the ‘Big Two’ banks in Ireland.  AIB offer mortgages directly through their branch network and mortgage brokers offer mortgages through their sister company, AIB Finance. 

Loan to Value :  

• First Time Buyers: 92% Mortgages         
• Owner Occupiers: 92% Mortgages
• Property Investors: 85% Mortgages
  

Terms:

• First Time Buyers:  35 years
• Owner Occupiers:  35 years
• Buy to Let:  20 years (but up to 25 years ‘when appropriate’)
  

Flexible Mortgage Options

• Interest Only mortgages:
  First Time Buyers & Owner Occupiers: Up to 2 years
  Buy to Let: Up to 5 years
  
  
• Deferred Start Mortgage
  3 Month Deferred Start (for Owner Occupiers)
  
  
• Payment Holiday
  Payment Holiday of up to 6 months after 2-4 years (depending on the loan amount)
  for owner occupiers.
  

Who will AIB appeal to?

• People who want Tracker Rates, particularly those with lots of equity
• They look at professionals very favourably and will consider future earnings
• Good with guarnators
  

Who will AIB not appeal to?

• People refinancing & consolidating loans as AIB are not very ‘consolidation friendly’.
• People with problems with their credit history
  

If you want to apply for a mortgage with AIB Mortgages, why should you apply through Mortgages Direct?

• Independent Mortgage Brokers
  Mortgages Direct are independent mortgage advisers , so they'll be able to review your details, and see if Bank of Scotland will offer the best package or if a more suitable one is available for you with another lender. 
  
  
• No Broker Fees
  Because Mortgages Direct get their fees paid by the mortgage lenders, they do not charge you a fee.
  
  
• Low Cost Legal Fees.  
  Refinancing: €1299 all in, flat fee or alternatively you can use your own solicitor
  Buying a home: €947 + vat + outlay or alternatively you can use your own solicitor
  
  
• Price Match Guarantee.
  Mortgages Direct guarantee to match the cheapest mortgage protection quote offered by 8 of the leading insurance companies in Ireland (including Irish Life, Friends First, Caledonian Life, Eagle Star, etc) - so you should save money on your mortgage protection insurance too.
  
  
• Well Trained Staff
  The mortgage consultants are very experienced, know what the lenders like and dislike, so they'll find the right lender, at the right price and take a lot of the hard work out of your hands.  
  
  Arranging a mortgage can be a full time job, but it doesn't need to be your job....

Apply for approval with AIB Finance (& up to 9 other lenders)
or call 1890 44 66 44 to speak to a mortgage consultant
(lines are open 8am - 8pm Monday to Thursday, 9am - 5pm Fridays, 11am - 4pm Sundays)

Article From Moving.ie
http://www.moving.ie/mortgages/insurance.asp

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