Ulster Bank Switch or Move | Ireland's Lowest 4 Year Fixed Rate

Switching your mortgage could save you money

Wherever you bank, talk to us and see if you could save

Get our dedicated mortgage team to call you back Please read Important
Information about our mortgages

Maximum loan to value is 90%. Lending criteria, terms and conditions apply. Over 18s only. Republic of Ireland residents only. Mortgaged property must be in the Republic of Ireland. Residential mortgages only. Product fees may apply. Security, buildings insurance and life cover are required.

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

Taking time to review your mortgage could mean you end up paying less each month

Take a look at the figures and see if they stack up

€1,500 paid back in cash for your Legal Fees within two months of switching your mortgage

When you make the switch to Ulster Bank, you could save money on your repayments and even reduce the time left on your mortgage. As well as our excellent range of competitive fixed and variable interest rates on offer, we also pay €1,500 into the current account used to pay your mortgage – all within two months of switching!*

*This amount is fixed and will not change if your legal fees are higher or lower.

Mortgage application must be submitted by 30th June 2021

Who is eligible?

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

House with TickMinimum mortgage amount is €40,000 for residential and €50,000 for buy to let

House with TickMax Loan to Value will be no more than 90%

According to The Irish Times up to 160,000 families could save by switching their mortgage. When’s the last time you reviewed yours?

Source: The Irish Times, Jan 2020

With Ireland's lowest 4 year fixed rate, the fixed repayments could give you peace of mind

Source: bonkers.ie, Mortgage Comparison, 15th September 2020, www.bonkers.ie/compare-mortgages

View our mortgage rates today

Ulster Bank voted best mortgage for switchers 2020

We are the best provider of switcher mortgages in Ireland!

As awarded by bonkers.ie National Consumer Awards on 27th February 2020

Fancy an extra €500 if you also switch your current account?

Switch your mortgage to Ulster Bank and open an Ulster Bank Current or Standard Account and receive €500 provided you:

Switch a residential mortgage to Ulster Bank between 27^th July and 21^st September 2020, to be completed by the date outlined in your mortgage offer letter and;
Open an Ulster Bank Current or Standard Account and complete the all of the following within 3 months of switching your mortgage:

Pay in at least €2,000 to your new account;

Set up at least two monthly Direct Debits on your new current account and;

Important: to avail of this offer you can’t already have an Ulster Bank current account prior to 27^th July 2020. This offer is optional, and the approval of your mortgage switch and your current account application are not in any way linked. The €500 cash payment will be paid to your current account, within 3 months of you having met all of the required criteria above. Each customer may only receive the cash payment in relation to one eligible current account. If you close or request to switch your current account to another provider or you redeem or switch your Ulster Bank mortgage to another provider before payment of the €500 then no payment will be made to you. A decision by the Bank to withhold a cash payment in respect of an eligible account may be made at the Bank’s sole discretion.

Fees and charges will be applied to your account each month. You can find out more about our current accounts in our Personal Banking Terms and Conditions and A guide to Personal Account Fees and Interest booklets.

For full qualifying criteria and Terms and Conditions for this offer click here

Current Account Switch Offer Terms and Conditions

Current Account Switch Offer Terms and Conditions

Please read this document which provides you with information including the full Terms and Conditions relating to the Current Account Switch Offer.

The Current Account Switch Offer provides new customers who switch their mortgage to Ulster Bank and open an Ulster Bank current account the opportunity to receive a one-off cash payment to the sum of €500. Full qualifying criteria and Terms and Conditions apply as outlined below.

What is the offer?

Ulster Bank will make a one-off cash payment of €500 to eligible mortgage switcher customers who open a new current account and meet the criteria below.

How do I qualify for the offer?

You must complete a full mortgage switch application for a residential mortgage with Ulster Bank between 27 July 2020 and 21 September 2020, and you must switch your mortgage within the timeframe outlined in your offer letter.
You must apply for and open an Ulster Bank Current Account or Standard Account within 3 months of drawing down your Ulster Bank mortgage and you must also meet the qualifying criteria outlined below within this timeframe.
You must be a new Ulster Bank customer who does not hold an Ulster Bank current account prior to 27 July 2020.
You must complete the following within 3 months of drawing down your Ulster Bank mortgage:
Make at least €2,000 worth of deposits to your new current account;
Register for and log into our Anytime Internet Banking or Mobile App services;
Set up two or more Direct Debits to be paid from your new current account on a monthly basis.

What else should you know?

The €500 cash payment will be paid to your current account, within 3 months of you having met the required criteria above.
The offer is not available to customers who only submit an Approval In Principle application during this period.
Each customer may only receive the cash payment in relation to one eligible current account.
Joint mortgage customers who each open individual current accounts will be eligible for a €500 cash payment to be made to each eligible current account.
If you open an eligible current account and meet the criteria above, you will still receive the payment if you convert the account to another account type before the payment is made.
If you close or request to switch your current account to another provider or you redeem or switch your Ulster Bank mortgage to another provider before payment of the €500 then no payment will be made to you.
Once you’ve opened your current account, you’ll be bound by our Personal Banking Terms and Conditions, which contain all the terms applicable to your current account, including any regular criteria you need to meet in order to keep your account and use the account benefits. For detailed information on our Terms and Conditions as well as our Fees and Interest, please visit ulsterbank.ie/brochures and view our “Personal Banking Terms and Conditions” and “A Guide to Fees and Interest” brochures.
A decision by the Bank to withhold a cash payment in respect of an eligible account may be made at the Bank’s sole discretion.

IF YOU CHOOSE A FIXED RATE MORTAGAGE:

WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED RATE MORTGAGE EARLY

IF YOU CHOOSE A VARIABLE RATE MORTAGAGE:

VARIABLE RATE LOANS: THE PAYMENT RATES IN THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME

Variable Rate 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.

Fixed Rate Representative Example Assuming a total amount of credit of €100,000 repayable over 20 years, initially on a fixed rate for 4 years at 2.75% and then a variable rate of 3.9% for the remaining 16 years would require 48 monthly payments of €542.17 and 192 monthly payments of €589.76. The total amount payable would be €139,296.08 made up of the loan amount of €100,000 plus interest of €39,258.08 and a security release fee of €38. The Annual Percentage Rate of Charge is 3.5%. After the initial fixed rate period ends, an additional 1% rise in the variable rate would give rise to an additional cost at that time of €43.31 monthly. The above quotation is for illustrative purposes only.

Get in touch with us

To make the switching as seamless as possible, we can now complete the entire switching application over the phone. All you have to do is send us your details and let us do the rest!

Get our dedicated mortgage team to call you back