AIB to allow customers move and retain their tracker mortgages

AIB to allow customers move and retain their tracker mortgages

AIB has joined the growing number of banks that allow customers moving house to retain their tracker mortgages.

In a letter to Fianna Fáil’s finance spokesman Michael McGrath, AIB Chief Executive David Duffy said customers would pay the existing tracker rate, plus a further 1% for the duration of the mortgage if they move home.

The development will take effect from the summer. It will be available to customers of EBS and AIB.

If a customer is moving home and wants to borrow further money, they would have to do so at the higher interest rate that applies to new business.

The new tracker arrangement will be available for customers trading up or down from their current residential property.

There is 1 comment for this article
  1. wendy at 3:26 pm

    We put our house on the market in April with the hopes of it selling and moving our tracker to a bigger house. Our house is sold but a in still havent brought their tracker to move scheme out. Is this not the summer now. Any ideas when it might be. We are afraid of losing the sale of house due to this Long wait. Why announce something on March and don’t do anything about it.

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