There are some exciting changes to mortgage pricing and products, going live on Friday 29th June. Ulster Bank already offer the lowest fixed mortgage rates in Ireland, and these changes build on this with:

  1. New market-leading 2 year fixed rate of 2.3%, available up to 90% loan to value to customers not seeking an exception to maximum lending rules under the Central Bank of Ireland’s Macro Prudential rules.
  2. Reduced 7 year fixed rates – now starting at 2.99%
  3. Reduced 4 year fixed 90% loan to value rate – now 2.6%

Existing benefits remain in place:

Benefit Why is this important?
A free valuation (worth €175) No additional cost to customer.
€1,500 contribution towards legal fees Provides real help for the cost of moving home, without being a promotion that adds to customers mortgage costs.
10% overpayment allowance each year on fixed rates Providing flexibility for customers to pay down faster and quicker if they have the capacity.
Same rates for new and existing customers Because a mortgage is a long term commitment and it’s important to treat our customers fairly throughout the mortgage term, not just at the start.
Ability to switch to a lower loan to value band in the future Building on our same rates for new and existing approach, customers can also move to a lower loan to value band when they are eligible to switch to a new deal.