Are you considering buying an energy-efficient home or upgrading your current property? AIB’s Green Mortgage might be the perfect solution for you. This innovative mortgage product rewards environmentally conscious homeowners with preferential interest rates.
What Is an AIB Green Mortgage?
An AIB Green Mortgage is a special mortgage product that offers lower interest rates to properties with a Building Energy Rating (BER) of B3 or better. This initiative encourages sustainable housing and helps homeowners save money while reducing their carbon footprint.
Key Benefits
- Lower interest rates compared to standard mortgages
- Potential for significant savings over the mortgage term
- Supports environmental sustainability
- Available for both new builds and existing properties
Eligibility Requirements
To qualify for an AIB Green Mortgage, your property must:
- Have a BER rating of B3 or higher
- Have a valid BER certificate
- Meet standard mortgage lending criteria
How Much Can You Save?
AIB offers a discount of up to 0.3% off their standard mortgage rates for qualifying properties. This can lead to substantial savings over the lifetime of your mortgage.
Example: On a €300,000 mortgage over 30 years, the green rate discount could save you thousands of euros across the term of your mortgage.
How to Apply
- Check your property’s BER rating
- Gather your BER certificate
- Contact AIB directly or apply online
- Submit standard mortgage documentation
- Include your BER certificate with your application
Tips for Success
- Get a current BER assessment if your certificate is outdated
- Consider energy-efficient improvements to qualify
- Compare the green rates with other mortgage options
- Consult with an AIB mortgage advisor for personalized advice
Ready to explore an AIB Green Mortgage? Contact your local AIB branch or visit their website to start your application today.
Note: Interest rates and terms are subject to change. Always verify current rates and conditions with AIB directly.
