What happens after I get the loan authorization? As soon as our mortgage expert agrees with you on principle, you are on the right track. We make the next steps as easy as possible. We will send you a link to My Mortgage that will allow you to control the rest of your application in your own time. The principle of approval is now accepted by all elected parties in Ireland. It was rejected by the Sinn Féin Republican, the Irish Republican Socialist Party, ir-irgé and many non-aligned Irish republicans. The authorization in principle lasts 12 months. If you wish to move to an official contract (Letter of Offer) on a particular property after the first 6 months, we will ask you to check if your financial situation is the same. The credit criteria, the terms and conditions apply. Bank with no transaction and maintenance fees by paying your AIB mortgage from an AIB current account.
There may be other fees, for example, if you go without excessive agreement. Recognise that it is up to the people of the island of Ireland to exercise, in agreement between the two parties and without external hindrance, their right to self-determination on the basis of the free and simultaneous consent of the North and The South, if that is their wish, by accepting that this right be acquired and exercised with the agreement and approval of the majority of the population of Northern Ireland.  So you have the agreement in principle, what comes next? They go hunting at home, find a house, make an offer and hopefully it goes the agreed sale. If so, let us know, and we will take you to the next phase. This includes things like getting an assessment of the house from one of our appraisers, making sure you tell us who your lawyer is, get a mortgage protection policy in place and so on. It sounds scary, but we`ll help you. The most important issue is accessibility, and the most important person to meet is yourself. A mortgage is a serious obligation. This is an agreement between you and the Bank that you agree to repay a loan without notice for an extended period of up to 35 years. The principle of approval is a concept used in the Northern Ireland peace process and one of the key points of the Good Friday Agreement.
This principle confirms both the legitimacy of the search for a United Kingdom in Ireland and the legitimacy of the desire of the majority of the population of Northern Ireland to be part of the United Kingdom. The doctrine also underlines the right to self-determination for citizens of the two jurisdictions of Ireland, Northern Ireland and the Republic of Ireland, without outside interference and with the consensus of a majority of the population in both policy areas.  Once you have your deposit together, you can apply for a mortgage and obtain an authorization in principle. That is, if we agree on the principle, to give you a mortgage based on the information you have given us. Then you know how much you have to spend on your new home. There will be more conditions to be met, but we will clarify them so that you know what you have to do before we can lend you the money.