AIB switching incentive may benefit only 'green mortgage' customers, expert warns

The bank plans to increase the payment available for switching mortgage provider from €2,000 to €3,000

AIB’s planned increase to its mortgage switching payment is likely to benefit owners of homes with a high energy rating.

AIB’s planned increase to its mortgage switching payment is likely to benefit owners of homes with a high energy rating, but others could be lured into paying higher interest rates, an expert cautioned.

AIB announced it will hike the payment available to eligible customers who want to switch mortgage provider from €2,000 to €3,000 across its brands, including EBS and Haven.