Did anybody here change their AIB rate and have to get an updated valuation?

[Paul F]

If you have a mortgage with AIB you can switch to another rate.

Ignoring the fact that you may have to pay a break fee to do so, they specify in the mortgage amendment form that there are some circumstances in which you will need an updated valuation.

Has anybody here found themselves in this situation, where they had to get an updated valuation?


PS I notice that AIB have removed all explicit interest rates (percentages) from that form. That may have been done very recently. It suggests to me that rate increases can't be far away.

 

[aamusername]

Hi Paul,
Yeah, we moved between LTV bands with AIB a few years ago and needed an updated valuation to change from the LTV over 80% band to a lower LTV band. (We were delighted to do so, as for quite a few years they wouldn't allow moves between LTV bands even if you had a valuation!)

 

[Prittstick]

Hi Paul, Just on your PS regarding the AIB mortgage amendment form... I helped my neighbour fill out this form on August 1st, and the explicit interest rates had been removed already.