Allied Irish Bank Offset Mortgage Deals

Allied Irish Bank Offset Mortgage Deals, Expert Review

Allied Irish Bank offers a range of mortgage deals, including offset mortgages and current account mortgages. Interest on the mortgages is calculated daily on variable rate mortgages. Borrowers can overpay by increasing monthly repayments or paying in a lump sum, immediately reducing the amount owed on the mortgage. Valuation fees of between £95 and £500 apply, depending on the property and higher lending charges apply over 80 per cent loan to value. Valuation fees for Allied Irish Bank buy to let deals are between £127 and £670. Early repayment charges may apply on some deals.

Owner Occupier Rates

The annual percentage rates (APRs) for the Allied Irish Bank deals are worked out over 20 years. The owner occupier rates are as follows. The bank's variable rate is 4.43 per cent APR, which is also available as a one year fixed rate for new business. The one year fixed rate for existing customers is 4.47 per cent. The other Allied Irish Bank fixed rate deals are available for periods of between two and ten years, with rates from 4.51 to 5.03 per cent APR. Tracker rates are also available. Discount tracker rates are 4.21 per cent APR up to 60 per cent loan to value and 4.37 per cent over 60 per cent loan to value. Standard tracker rates are 4.27 per cent APR up to 60 per cent loan to value and 4.43 per cent over 60 per cent loan to value.

Buy To Let Rates

The Allied Irish Bank buy to let rates start at a standard variable rate of 4.64 per cent APR. Fixed rates of between one and ten years are available to both new and existing borrowers, at APRs of between 4.68 per cent and 5.2 per cent. There are also buy to let trackers at 4.27 per cent up to 60 per cent loan to value, and 4.43 per cent above 60 per cent loan to value*.

To find out more about the Allied Irish Bank deals, contact a professional offset mortgage broker.

However, please note that The Offset Mortgage Centre cannot advise on or arrange mortgages from the Allied Irish Bank.