Switch Your Mortgage - Mortgages | Ulster Bank

Couple leaving Ulster Bank branch

Lending criteria, terms and conditions apply. Over 18s only and Republic of Ireland residents only. Mortgaged property must be in Republic of Ireland. Security, buildings insurance and life cover required. 

Looking to switch your mortgage?

Your current mortgage may have been the best available at the time.
But what about now?

What makes an Ulster Bank mortgage different?
What makes an Ulster Bank mortgage different? Why choose us?

We offer €1,500 towards your legal fees on all new residential and buy to let mortgages, mortgage offer must be issued by 31 December 2017

Ulster Bank currently offer a free standard valuation on our new mortgages. Only one free valuation per customer applies.

We offer the same great rates to new and existing customers so when you’re fixed term ends, you can choose the best deal to suit your circumstances

We’ve lowered our variable and fixed rates and extended our range of fixed terms up to 7 years which means you can now fix lower for longer

Many of our branches are open for mortgage appointments on Saturday mornings

Our Mobile Mortgage Managers can travel to meet you to discuss your new mortgage in a place that suits you

Get in touch
What makes an Ulster Bank mortgage different? Why choose us?

We offer €1,500 towards your legal fees on all new residential and buy to let mortgages, mortgage offer must be issued by 31 December 2017

Ulster Bank currently offer a free standard valuation on our new mortgages. Only one free valuation per customer applies.

We offer the same great rates to new and existing customers so when you’re fixed term ends, you can choose the best deal to suit your circumstances

We’ve lowered our variable and fixed rates and extended our range of fixed terms up to 7 years which means you can now fix lower for longer

Many of our branches are open for mortgage appointments on Saturday mornings

Our Mobile Mortgage Managers can travel to meet you to discuss your new mortgage in a place that suits you

Couple browsing leaflet
Help for what matters... We now offer €1,500 towards your legal fees

This includes first time buyers, home movers, switchers and buy to let customers for mortgage offers issued by 31 December 2017.

Find out more about the offer and who is eligible.

What's the offer & who's eligible?
A mortgage you can live with €1,500 towards your legal fees

What’s the offer

 Offer is available across the Ulster Bank residential and buy to let mortgage product range

 Mortgage offer must be issued by 31 December 2017

€1,500 payment as a contribution to your legal fees will be made into the current account from which your mortgage payment is made after mortgage drawdown. This amount is fixed and will not change if your legal fees are higher or lower

 

Who is eligible?

 Any customer taking a new mortgage, including first time buyers, home movers switchers and buy to let

 Minimum mortgage amount is €40,000 for residential and €50,000 for buy to let

 Excludes home mover mortgage where entire balance is on a historic ported product or 10 year tracker, further advance, negative equity, retention and transfer of title mortgages

 The maximum mortgage available for First Time Buyers is up to 90% of purchase price or the value of the property, whichever is lower

 For home movers a maximum Loan to Value of 80% applies - these limits may vary

 For mortgage switchers a maximum Loan to Value of 90% applies, which reduces to 80% if you want a borrow more than your current mortgage balance

 Buy to Let, negative equity mortgages and mortgages in arrears are excluded from these Loan to Value limits

Request a call back
from a mortgage specialist

The switching process explained

When you switch your mortgage from your current provider to another lender this is known as remortgaging.

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Icon expand Step 1 - Review your current mortgage deal

When you are switching you can choose to change the mortgage term or the amount that you're borrowing. This is a good opportunity to see if you can save on your monthly repayments by choosing a mortgage with a lower interest rate or plan.

Remember, your lender may charge you if you pay off your mortgage before the end of the term. This is called a breakage cost. There may also be a redemption charge or exit fee.

Make sure you've done your research so you know the costs involved and can make an informed decision.

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Icon expand Step 2 - Decide which deal suits you

Take your time to research the best deal for you. Use our mortgage calculator to find a mortgage that suits you.

Find a mortgage
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Icon expand Step 3 - Finalise your new deal

Firstly, we will assess your application and carry out the relevant credit checks. Once this is complete, we will arrange for your property to be valued to keep your valuation up to date.

We will also contact your solicitor to request your title deeds and details of the freeholder if the property is leasehold.

We now offer €1,500 towards your legal fees on all new residential mortgages.
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Icon expand Step 4 - Completion

Once you've successfully gone through the valuation and relevant credit checks, you will receive a formal offer in writing.  

Remember to complete the instructions in the letter and return to us as requested.  You should also keep a copy for yourself.

Your solicitor could manage this process for you, including ensuring your existing mortgage provider is repaid in full.

About our mortgages

Fixed rate mortgages

Our fixed rate mortgages may make budgeting a little easier as the repayment amount is fixed for an initial term

Find out more

Flexible variable mortgages

These mortgages track the Ulster Bank Standard Variable Rate plus or minus a set margin for the entire life of the loan

Find out more

Eligibility criteria

Find out about our eligibility criteria including how much you could borrow and for how long

Find out more

  

Getting started is easy Tools and calculators

Use our mortgage calculators to find out how much you could borrow and find a mortgage to suit you. Also see you much you could save if you make an overpayment.

This link is to a non Ulster Bank website. Ulster Bank is not liable for the accuracy of the information provided on this website.

  

Helpful guides

Family on sofa Buying a home

Our step-by-step guide to help you buy your new home.

Couple in branch with mortgage adviser/ specialist Application process

Our step-by-step guide to the mortgage application
process.

Mother & daughter working at desk Common questions

Answers to questions we are asked most often about mortgages.

Row of terrace houses Jargon buster

A list of key terms and phrases we'd like to help you understand.

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