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AIB Mortgages Application FormHow to complete the form1Please use aBLACK pen2Mark boxes like thisIf you make a mistake, do thisand mark the correct box3Please use BLOCK CAPITALLETTERS and leave onespace between each wordA 2Completing the forms – your questions answeredIn this application form “AIB”, “the Bank”, “the Lender”, “we”, “us” and “our” means AIB Mortgage Bank u.c. and Allied Irish Banks, p.l.c. “AIB Group” refers to Allied Irish Bank, p.l.c., its subsidiaries and associated companiesWe appreciate that you will want a prompt response to your mortgage application – so we will do everything we can tocome back to you as soon as possible.However, to make our task easier – and avoid any unnecessary delays – please read the following questions and answerscarefully, before starting to complete the forms.How should I complete the forms?It is important that you give us all the information that we need – and that we can read all your answers. So please: Answer the questions clearly and fully Use a ballpoint pen with black ink Write in CAPITAL LETTERS Where alternative answers are suggested to you, please tick the appropriate boxes.Which sections should I complete? If you are simply seeking a mortgage loan offer in principle, without a particular property in mind, please leaveSection G blank – but complete all the other sections as far as you can If you have already had an offer accepted on a specific property, or intend to bid at auction for a specific property,please complete the form fully If you are applying by yourself, complete your own details as the “First Applicant” If you are applying for a joint mortgage loan, give us the details of your partner as well – in the section headed“Second Applicant”.When will I know if my application has been successful?Once we receive your application and any other information we ask you to give us as set out in the mortgage applicationchecklist, we will contact you within three business days to say we have received it.a) If there is any information missing we will tell you, within three business days;b) We will let you know our decision on your mortgage application within ten business of receiving all the information weneed;c) If we cannot make a decision within ten business days we will tell you why and when we are likely to make a decision.What about insurance protection?To protect your home, you should arrange appropriate insurances. The Bank requires buildings insurance in all cases andstrongly recommends contents insurance. If the property is your principal residence, life insurance is compulsory by law,with certain exceptions. You are free to shop around for these insurances. Home insurance (buildings) – covers the structure of your home Home insurance (contents) – covers the contents and your personal possessions Life assurance – covers the outstanding amount of your mortgage, in the event of death.AIB Mortgages Application Form1 of 15
Documentation required to support your Mortgage ApplicationThe following list details the standard documentation required to progress a mortgage application. We may requirefurther information based on your personal circumstances or to further clarify any documentation or informationyou submit to us before we can consider your application complete. Your Mortgage Advisor will talk to you aboutwhat documentation is required for your application.Standard Documents – Required for all Applications1st Applicant2nd Applicant Fully completed and signed application form 6 months most recent current account statements if not held with AIB 6 months most recent statements for any of the following not held with AIB:o Savingso Investmentso Borrowings including mortgages If you are currently renting and there is no regular standing order or direct debitevidencing rent being paid out of your current account, we require the lease orrental agreement If you have lived abroad within the past 3 years or have a bank account outsideIreland, we require a foreign credit check from the relevant country, in English If you are separated or divorced, we require a copy of the separation agreementor alternatively solicitor’s written confirmation of any financial obligations and/ormaintenance payments stipulated in the separation agreement If you require a work permit/visa to work in Ireland, we require your originalIrish Residence Permit (IRP) If you are in receipt of income that is not included in your contract ofemployment, please send us the following Revenue documents to confirm yourdeclared level of income:o your 3 most recent Revenue acknowledged Forms 11 Equity Input for Purchase – please provide details of the source of the Balance ofFunding to complete the proposed property transaction, documentary evidencewill be required prior to loan offer. If you have any non-PAYE income we need to confirm your tax affairs are in order,please send us one of the following documents:o ROS Charges and Payments statement confirming your tax is paid; oro A letter of confirmation from your accountant confirming your tax affairs are inorder, including any Revenue arrangements that may be in place. Valuation Report - You will be advised when this is required so you do not need to arrange it prior to that time.You will need to contact AIB to arrange this. It needs to be completed by a valuer appointed by our CentralValuations Team. The Team can be contacted on 1890 100 051.For Employees1st Applicant2nd Applicant Salary Certificate (available in all branches and on aib.ie) to be completed andstamped by your employer confirming permanency and basic salary For Employees - If you want to borrow past the age of 68, we requireconfirmation from your employer of your intended retirement date 3 most recent payslips Your most recent statement of earnings e.g. Employment Detail Summary(formerly P60) to confirm your earnings history If your income is performance related, made up of any non-basic income (e.g.shift /overtime etc.) or you are on a contract, we require 3 years most recentstatement of earnings e.g. Employment Detail Summary, (formerly P60) to confirmyour track record of earnings If you are currently on leave from work, we require a letter from your employerconfirming your return date under the same terms and conditions prior to leaveAIB Mortgages Application Form2 of 15
For Self-Employed/Sole Trader/Director of a Company/Partnerships1st Applicant2nd Applicant1st Applicant2nd Applicant 3 years audited accounts or trading accounts (certified by your accountant) In all circumstances, please send us the following Revenue documents to confirmyour declared level of income:o your 3 most recent Revenue acknowledged Forms 11 Confirmation of tax position from your accountant or ROS Charges & PaymentsStatement Minimum 6 months recent current account bank statements not held with AIB forthe business accounts We require minimum 6 months most recent statements for any borrowings notheld with AIB for the business accountsRental Income If you are in receipt of rental income from another property we require your 3most recent Revenue acknowledged Forms 11 detailing this income If you will be in receipt of rental income arising from this application please adviseus of the amountSelf-Build Properties: For Self-Build proposals - To enable us to provide you with a credit decision, werequire the following details:oValue of siteoSize of propertyoSite AddressoBuild costFurther details and documentary evidence will be required prior to loan offer and will be detailed on your Approvalin Principle letter.Customer Identification1st Applicant2nd ApplicantIn order to comply with legislation to combat money laundering and terroristfinancing you will need suitable proof of identity and residential address(a) A current valid passport or current driving licence and(b) A current utility bill or current bank/ financial institution statementWe are required by law to collect and verify your Personal Public Service Number (PPSN) or Tax Reference Number(TRN). This is required by the Central Bank of Ireland’s Central Credit Register for Customer Identification.In order to verify your PPSN / TRN you may need to provide us with an original or electronic version (for example, aPDF or photo) of a document showing your PPSN / TRN and full name. For a full list of acceptable documents andmore information on how to provide it, visit www.aib.ie/ccr or your local AIB Branch.AIB Mortgages Application Form3 of 15
AIB MortgageYour application for a Mortgage LoanWhen you have completed the application forms, please return them to your AIB branch.BranchS.I.D.N.S.C.93––Section A - Personal DetailsFirst ApplicantSurnameGenderMaleFemaleFirst NameAddressCountryof ResidenceWork PhoneEircodeEmailHome PhoneMobileYears at AddressIf less than 2 years,please give previous addressPPSN/ TRNCountry of TRN if not issuedin the Republic of IrelandDayDate of BirthMonth/Year/Marital StatusSingleMarried/Civil PartnerWidowerNumber of DependentsAged fromCohabitantSeparatedDivorcedtoPlease confirm how many years you are living in IrelandDo you require a work permit/visa to be in gainful employment in Ireland?If Yes, please stipulate type of visa and expirydate of this.AIB Mortgages Application FormYesNoDayMonth/Year/4 of 15
Second Applicant (if any)GenderSurnameMaleFemaleFirst NameAddressCountryof ResidenceEircodeWork PhoneEmailHome PhoneMobileYears at AddressIf less than 2 years,please give previous addressPPSN/ TRNCountry of TRN if not issuedin the Republic of IrelandDayDate of BirthMonth/Year/Marital StatusSingleMarried/Civil PartnerWidowerNumber of DependentsAged fromCohabitantSeparatedDivorcedtoPlease confirm how many years you are living in IrelandDo you require a work permit/visa to be in gainful employment in Ireland?YesNoDayIf Yes, please stipulate type of visa and expirydate of this.Month/Year/Section B - Existing Accommodation DetailsFirst ApplicantHome OwnerRentingLiving with Parents/RelativesOtherMortgage / Rent Monthly Payment ( )LenderOutstanding Balance ( )Current Value of Property ( )Have you ever borrowed money before that was secured on residential propertyor land (where you had an intention to build a dwelling) in or outside the State?YesNoYesNoSecond Applicant (if any)Home OwnerRentingLiving with Parents/RelativesOtherMortgage / Rent Monthly Payment ( )LenderOutstanding Balance ( )Current Value of Property ( )Have you ever borrowed money before that was secured on residential propertyor land (where you had an intention to build a dwelling) in or outside the State?AIB Mortgages Application Form5 of 15
Section C - Employment DetailsFirst ApplicantOccupationPosition HeldEmployer NameEmployer AddressHow long in current employment?Employment TypePermanentYearsTemporaryContractIf Self-EmployedBusiness NameBusiness AddressBusinessDescriptionYears in BusinessAccountant NameSecond Applicant (if any)OccupationPosition HeldEmployer NameEmployer AddressHow long in current employment?Employment TypePermanentYearsTemporaryContractIf Self-EmployedBusiness NameBusiness AddressBusinessDescriptionYears in BusinessAIB Mortgages Application FormAccountant Name6 of 15
Section D - Income DetailsFirst ApplicantGross Basic Income per Annum ( )Payment FrequencyNet Monthly Income ( )Paid directly to account? YesNoAdditional IncomeSourceIncome p.a. ( )Is all of your income in Euro?YesNoIf No, state the non-Euro currencySecond Applicant (if any)Gross Basic Income per Annum ( )Payment FrequencyNet Monthly Income ( )Paid directly to account? YesNoAdditional IncomeSourceIncome p.a. ( )Is all of your income in Euro?YesNoIf No, state the non-Euro currencyTHE CURRENCY OF YOUR LOAN AND REPAYMENTS WILL BE EURO. IF THE CURRENCY OF SOME OR ALL OFTHE INCOME OR ASSETS YOU INTEND TO USE TO REPAY THE MORTGAGE LOAN IS NOT EURO, AND/OR YOULIVE IN A EUROPEAN ECONOMIC AREA (EEA) STATE THAT IS NOT IN THE EURO ZONE, THE MORTGAGE LOANIS A FOREIGN CURRENCY LOAN.YOU SHOULD BE AWARE THAT FLUCTUATIONS IN THE RELEVANT CURRENCY EXCHANGE RATES MAY AFFECTTHE VALUE OF YOUR OUTSTANDING MORTGAGE BALANCE AND/OR YOUR REPAYMENT.THIS COULD MEAN THAT YOU MAY FIND IT DIFFICULT TO AFFORD YOUR MORTGAGE REPAYMENTS.WE CAN ONLY FACILITATE ONE NON-EURO CURRENCY PER MORTGAGE APPLICATION.Section E - Savings & CommitmentsFirst Applicant - excluding accounts held with AIB GroupSavingsInvestmentsOther AssetsPurposeBal/ Value ( )InstitutionPayment ( )FrequencyNo. of OwnersAIB Mortgages Application Form7 of 15
CommitmentsBorrowingsCredit CardsDescriptionBalance ( )LenderRepay ( )FrequencyNo. of OwnersAre you aware of any future changes to your circumstances as disclosed in Sections A to E?If Yes, give detailsAre you obliged to make regular payments arising from matrimonial breakdown or other separation/child maintenanceproceedings?If Yes, give detailsHave you ever been insolvent, bankrupt or made arrangements with your creditors or been involved in any courtproceedings for debt?If Yes, give detailsSecond Applicant (if any) - excluding accounts held with AIB GroupSavingsInvestmentsOther AssetsCommitmentsBorrowingsCredit CardsPurposeBal/Value ( )InstitutionPayment ( )FrequencyNo. of OwnersDescriptionBalance ( )LenderRepay ( )FrequencyNo. of OwnersAre you aware of any future changes to your circumstances as disclosed in Sections A to E?If Yes, give detailsAre you obliged to make regular payments arising from matrimonial breakdown or other separation/child maintenanceproceedings?If Yes, give detailsHave you ever been insolvent, bankrupt or made arrangements with your creditors or been involved in any courtproceedings for debt?If Yes, give detailsAIB Mortgages Application Form8 of 15
Section F - Mortgage Loan DetailsPrimary ApplicantApplicant 1Applicant 2Preferred ContactApplicant 1Applicant 2Purpose of Mortgage LoanOutlay (Amounts in )Purchase/Building CostSite Cost/ValueRepairs/RenovationsParking Space CostCost/Value of PropertyStamp Duty*Customer Legal FeesProfessional FeesOther (give details)Total Outlay ( )*Where the property is not your private dwelling place or holiday home, you should also allow for the Bank’s legal fees.These will be advised to you in due course.Funded by (Amounts in )SavingsCash Surplusfrom Existing HomeThird Party ContributionOther (give details)Total FundingSale of Existing PropertyIs existing house sold?Agreed price of saleIf Yes, expected sale completion date Details of Mortgage Loan RequestedAmount of total mortgage loan required Mortgage loan termYears (Please specify)Please tick your choice of interest rateVariableFixed& if fixed, for how many years?If you wish to split your loan over different types, rates or term, please specify.Mortgage Loan Amount ( )AIB Mortgages Application FormFixed or Variable OptionTerm or Expiry Date9 of 15
Section G - Details of Property to be MortgagedSecondhand HouseNew HouseSelf-BuildSecondhand Housewith Structural RenovationsProperty Type(please tick)Detached HouseSemi-detached HouseTerraced HouseApartment/FlatBungalowOne Bedroom PropertyStudio Apartment(valued over 275,000)Please note: We do not lend for the purpose of buying bedsits.New PropertyAddressEircodePlease indicatewhose name(s)the property willbe registered inLocal Authority AreaArea of DwellingFloor AreaYear of ConstructionConstruction Typesq. feetPlot sizeTotal number of roomsTraditional (brick/block)Freeholdsq. feetNumber of bedroomsTimber frameLeaseholdPrecast concreteUnexpired term of leaseyearsIf property is located in a tax incentive area,please state typeBuilding Energy Rating (BER) GradeAnnual costs associated with property ( )Maintenance /Service cost p.a.Parking cost p.a.For investment property only ( )Proposed gross rent per monthProposed net rent per monthIs there a tenant in place?For new self-build property onlyIs house being built on site owned by you?YesNoIf No, in whose name(s) is site registered?Building work to be executed by (i) Direct labourDoes the builder/vendor require Stage Payments?(ii) Formal building contract?YesNoProposed square footage (mandatory)AIB Mortgages Application Form10 of 15
Solicitor DetailsNameAddressContact NamePhoneFaxEmailValuer/Surveyor DetailsNameProfessionAddressContact NamePhoneSection H - Statutory Notices and other NoticesWARNING: YOUR HOME IS AT RISK IF YOU DO NOTKEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHERLOAN SECURED ON IT. THE PAYMENT RATES ON THISHOUSING LOAN MAY BE ADJUSTED BY THE LENDERFROM TIME TO TIME.WARNING: IF YOU CANCEL OR MAKE A CLAIM FORREIMBURSEMENT OF A DIRECT DEBIT REPAYINGYOUR MORTGAGE ACCOUNT, AND FAIL TO MAKEALTERNATIVE ARRANGEMENTS FOR PAYMENT, YOURACCOUNT WILL GO INTO ARREARS.Note: The above notice in respect of adjustments torepayment rates will not apply during any period whenthe loan is at a fixed rate.If you or your dependants intend to use the property asa principal place of residence, you must show evidenceof mortgage protection insurance, unless you are exemptunder the Consumer Credit Act 1995 (you can seek thisinsurance through us or from other sources). Allied IrishBanks, p.l.c. is a tied agent of Irish Life Assurance plc. forlife and pensions business.Note: If the Special Conditions specify a guarantee aspart of the security for the Mortgage Loan, the Bankmust notify the terms of the Mortgage Loan, and anychanges to those terms, to the guarantor.WARNING: IF YOU DO NOT MEET THE REPAYMENTSON YOUR CREDIT AGREEMENT, YOUR ACCOUNT WILLGO INTO ARREARS. THIS MAY AFFECT YOUR CREDITRATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESSCREDIT IN THE FUTURE.NOTICE: Under the Credit Reporting Act 2013 lendersare required to provide personal and credit informationfor credit applicants and credit agreements of 500 andabove to the Central Credit Register. This informationwill be held on the Central Credit Register and may beused by other lenders when making decisions on yourcredit applications and credit agreements.The Central Credit Register is maintained and operatedby the Central Bank of Ireland. For information on yourrights and duties under the Credit Reporting Act 2013please refer to the factsheet prepared by the CentralBank of Ireland. This factsheet is available onwww.centralcreditregister.ie. Copies can also be obtainedat your local AIB branch and on www.aib.ieAIB Mortgages Application FormLending criteria, terms and conditions apply, securityis required. Maximum Loan to Value limits are in placefor purchases of property. Please contact us or refer towww.AIB.ie for further details.” Loan requests consideredon the basis of proof of income, financial status anddemonstrated repayment capacity (including capacityto repay at higher interest rates).Loans not available to people under 18. Mortgage loansrequire to be secured by a mortgage and charge on thesubject property.WARNING: IF YOU DO NOT PROVIDE US WITH THEREQUESTED INFORMATION AND DOCUMENTATION,WE WILL NOT BE ABLE TO ASSESS YOUR APPLICATIONAND CREDIT CANNOT BE GRANTED.11 of 15
Section H - Statutory Notices and other Notices(Continued)If the security includes a new mortgage of propertyother than your private dwelling place or holiday home,you will have to pay the Bank’s solicitor’s fees for eachproperty mortgaged as well as your own solicitor’s fees,outlays and property registration fees.We will charge you 60 for executing a discharge, releaseor vacate of a mortgage.The following is applicable only where the interest rateis FIXED for a period of at least one year: W hen will you have to pay an early repayment charge(ERC)?At any time when a fixed interest rate (fixed for a periodof at least 1 year) applies to your mortgage loan, you mayhave to pay us an early repayment charge if you; (i) repayall or part of your mortgage loan early, (ii) make an out ofcourse repayment, or (iii) convert the interest rate on yourloan to another interest rate. Any or all of these instancesmay result in a cost to the bank. How do we calculate the early repayment charge?We calculate the early repayment charge using thefollowing formula: (A) X (U) X (D %) ERC [earlyrepayment charge], where:(A): Amount of your mortgage loan being repaid early, orconverted to another interest rate.(U): Number of months remaining before the fixedinterest rate is due to expire, divided by 12.(D%): Difference between your original fixed interest rateat the start of the fixed interest rate term, for the full fixedinterest rate term, and the applicable fixed interest rateoffered by the Bank at the time the mortgage loan isrepaid or converted, for the period of (U). [See note 3 inadditional information regarding this calculation below.]Example 1: You fix your mortgage loan at a fixed interestrate of 5.25% for a period of 5 years (60 months). After3 years (36 months), you repay your mortgage loan infull. The outstanding amount on your mortgage loan atthat time is 100,000. The applicable fixed interest rateused is the 2 year fixed interest rate being offered by theBank as there is still 2 years (24 months) remaining onyour original fixed term, e.g. 3.0%. In this case, ERC (A 100,000) x (U 24 months /12) x (D% 5.25%-3.0% 2.25%) 4,500.remainder of the fixed interest term of 2 years is 1.5%. Inthis case, ERC (A 100,000) x (U 24 months /12) x(D% 3.5%-1.5% 2%) 4,000.AIB will calculate the ERC, using both D% componentsoutlined above. We will then compare the outcome ofeach calculation and will accept the lower amount, as thisis the most beneficial to you. In the above example, thiswould be the ERC of 4,000.A specific ERC calculation for your loan can be obtainedby request from AIB Home Mortgages, 1 Adelaide Road,Dublin 2.Further information on the terms used here is availableon -Jargon Additional information regarding the calculationWe take a number of other factors into account asdescribed below. These will result in a lower ERC than ifwe did not take these into account. For example:1. We consider the reducing balance nature of yourmortgage, which will mean that your ERC will be lessthan the indicative figure produced by the A x U X D%formula.2. When the remaining term does not exactly match aterm for which there is a rate available, we will use thetwo closest rates and apply the most beneficial to you.For example, if you have 18 months remaining on yourfixed term, we will use the more beneficial of the 12and 24 month rates in our calculations.3. If there is more than one applicable fixed interestrate offered by the Bank at the time the ERC is beingcalculated, we will always use the fixed interest ratethat generates the lower ERC in our calculationsLending criteria, terms and conditions apply. AlliedIrish Banks, p.l.c. is an authorised agent and servicerof AIB Mortgage Bank u.c. in relation to originationand servicing of mortgage loans and mortgages. AIBMortgage Bank u.c. and Allied Irish Banks, p.l.c. areregulated by the Central Bank of Ireland.Allied Irish Banks, p.l.c. and AIB Mortgage Bank u.c.subscribe to the Voluntary Code of Conduct on precontractual information for home loans.A copy of the Code is available on request.Endowment Mortgage LoansWe will also use a market interest rate to calculate theD% component in the formula above. In that case, D%would be the difference between the market interest rateapplicable at the start of the fixed interest rate term, andthe market interest rate applicable at the time of the earlyrepayment or conversion, for the unexpired fixed interestrate term. Note: Market interest rate is determined by thewholesale market. The market interest rates used will beas of close of business on the previous working day tothe day the calculation is being completed.WARNING: THERE IS NO GUARANTEE THAT THEPROCEEDS OF THE INSURANCE POLICY WILL BESUFFICIENT TO REPAY THE LOAN IN FULL WHEN ITBECOMES DUE FOR REPAYMENT.Example 2 (Additional Calculation): You fix yourmortgage loan at a fixed interest rate of 5.25% for aperiod of 5 years (60 months). The market interest rateapplicable at the start of the fixed interest rate term is3.5%. After 3 years (36 months), you repay your mortgageloan in full. The outstanding amount on your mortgageloan at that time is 100,000. The market interestrate applicable at the time of early repayment for theIn the event of early surrender of the life insurance policyin respect of an endowment loan, the possibility existsthat the surrender proceeds could be less than has beenpaid in premium.AIB Mortgages Application FormWARNING: IF YOU CANCEL OR MAKE A CLAIM FORREIMBURSEMENT OF A DIRECT DEBIT FUNDING YOURENDOWMENT ASSURANCE POLICY, AND FAIL TO MAKEALTERNATIVE ARRANGEMENTS FOR PAYMENT, THISWILL CAUSE YOUR POLICY TO LAPSE.Consent to CommunicateI/We consent to members of AIB Group and theirrespective authorised agents visiting or telephoning me/12 of 15
us at my/our place of work at any time for the purposeof this application and for the duration of the loan. If youdo not wish this condition to apply, please indicate bycrossing out this paragraph and initialling.TRANSFER OF MORTGAGES i.e. SECURITISATIONYour attention is drawn to the possibility that the Bank,in common with many other mortgage lenders worldwide,may decide to securitise some of its mortgages. FinancialInstitutions are limited in the amount they can lend bythe level of their capital and, in order to release capitalto capitalise future lendings, including mortgage lending,mortgages may be transferred to investors.This practice is known as securitisation. Relevantinvestors include the world’s major financial institutions.In practice, you should not be aware of any effect fromsecuritisation because the Bank will continue to deal in allmatters relating to your mortgage, including the settingof interest rates and the handling of arrears, subject tothe powers and discretion of the transferee under sucha scheme. If your application is approved, you will havethe benefit of your solicitor’s advice on the matter, beforecommitting yourself to the mortgage.Data ProtectionFor information in relation to how we collect personalinformation about you, how we use it and how you caninteract with us about it, see our data protection notice inbranches and online. It may change from time to time.Credit Searching NotificationWe will use the information you have given us tosearch and to share information with credit referenceagencies, such as the Irish Credit Bureau, to help withapplications for credit and for ongoing credit review.The credit reference agencies will hold this informationon a database and it may be accessed by other financialinstitutions.Section H - (i) Information about your MortgageDistance ContractEffective from 15th February 2005European Communities (Distance Marketing of ConsumerFinancial Services) RegulationsAbout Us We are AIB Mortgage Bank u.c. whose principalbusiness is the provision of mortgage credit. Ourregistered office is at 10 Molesworth Street, Dublin 2 W e are registered at the Companies RegistrationOffice, Dublin. Our registered number is 404926.Our VAT number is IE6424926A We are regulated by the Central Bank of Ireland.About our Home Mortgages T he Mortgage Loan is a loan repayable to us byinstalments over an agreed term at fixed or variableinterest rates, secured by a mortgage /charge onyour property Typically the instalments are paid by direct debit. T he total price of the Mortgage Loan is made upof interest at our published Mortgage Loan rate(s)appropriate to the mortgage loan. If you want anAIB Mortgages Application Formindication of what your repayment instalment wouldbe, telephone 1890 724 724, or visit our websitewww.aib.ie. The exact amount will be shown onyour Letter of Offer if you proceed Y ou may also have to pay other expenses such asstamp duty, registration fees, valuation fee and yoursolicitor’s fees in relation to the mortgage as well asmortgage protection insurance and home insuranceSection H - (i) Information about your MortgageDistance Contract (Continued) U nder the Regulations you do not have the right tocancel a Mortgage Loan. You can however repay aMortgage Loan at any time by paying what you owe usincluding interest. Breakage costs may apply to a fixedrate mortgage loan I f you break the terms of the agreement we candemand repayment of what you owe us includinginterest.The agreement will be governed by the laws of Irelandand the Courts of Ireland will have exclusive jurisdictionto resolve any disputes.The agreement and all information and communicationwith you will be in English.Solicitors FeesIf the security includes a new mortgage of propertyother than your private dwelling place or holiday home,you will have to pay the Bank’s solicitor’s fees for eachproperty mortgaged as well as your own solicitor’s fees,outlays and property registration fees.What to do if you have a complaintWe want to ensure that any concerns you may have aredealt with quickly and efficiently. If you do have a complaintplease write to the Manager, Allied Irish Banks, p.l.c., HomeMortgages, 2nd Floor, 1 Adelaide Road, Dublin 2 or emailus at homemortgages@aib.ie. If you are not satisfied withour response you are entitled to take your complaint tothe Financial Services & Pensions Ombudsman’s Bureau ofIreland at 3rd Floor Lincoln House, Lincoln Place, Dublin 2.Statutory Warnings – Consumer Credit Act, 1995WARNING: YOUR HOME IS AT RISK IF YOU DO NOTKEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHERLOAN SECURED ON IT.WARNING: (VARIABLE RATE LOANS) THE PAYMENTRATES ON THIS HOUSING LOAN MAY BE ADJUSTED BYTHE LENDER FROM TIME TO TIME.The above notice in respect of adjustments to repaymentrates will not apply during any period when the loan is ata fixed rate.WARNING: (ENDOWMENT LOANS) THERE IS NOGUARANTEE THAT THE PROCEEDS OF THE INSURANCEPOLICY WILL BE SUFFICIENT TO REPAY THE LOAN INFULL WHEN IT BECOMES DUE FOR REPAYMENT.In the event of early surrender of the life insurance policyin respec
AIB Mortgages Application Form 1 of 15 AIB Mortgages Application Form In this application form "AIB", "the Bank", "the Lender", "we", "us" and "our" means AIB Mortgage Bank u.c. and Allied Irish Banks, p.l.c. "AIB Group" refers to Allied Irish Bank, p.l.c., its subsidiaries and associated companies We appreciate that you will want a prompt response to your .
