Switch for an amazingly low fixed rate mortgage
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Information about our mortgages
3.7% annual percentage rate of charge. Maximum Loan to Value is 80%. Loan to Income criteria applies. Minimum Mortgage amount is €200,000. Standard Variable Rate applies after the fixed term, currently 4.3%. Security and insurance required. Product fees may apply. Over 18s only.
This includes first time buyers, home movers, switchers and buy to let customers for mortgage offers issued between 13 March 2015 and 30 June 2018.
Find out more about the offer and who is eligible.
The switching process explained
When you switch your mortgage from your current provider to another lender this is known as remortgaging.
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.
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.
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.
Warning: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
If you choose a fixed rate mortgage:
Warning: You may have to pay charges if you pay off a fixed rate loan early.
Representative example Assuming a total amount of credit of €100,000 repayable over 20 years at a borrowing rate of 4.3% (variable), the cost per month is €621.90 excluding insurance. The total amount to be repaid is €149,294 which includes a release of security fee of €38. The Annual Percentage Rate of Charge is 4.4% (variable). The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €54.74 and would be payable monthly. The above quotation is for illustrative purposes only.
€1,500 Legal Fees Contribution Offer
Following mortgage drawdown €1,500 will be transferred into the customer’s current account from which the mortgage payment is made within two months. Payment will not be made if mortgage is not drawn down. Offer runs from 13 March 2015 to 30 June 2018 and can be withdrawn or extended at any stage at sole discretion of Ulster Bank. Mortgage Application must be submitted within this period to be eligible. €1,500 payment is a contribution towards the customer’s legal fees. Where legal fees have already been paid by the customer, the €1,500 is a reimbursement of fees incurred. Offer not available on home mover mortgage where any balance is on an historic ported or 10 year Tracker product, Further Advance, Negative Equity, Retentions, and Transfer of Title. The above quotation is for illustrative purposes only.
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