Applying To Get A First Time Buyers Mortgage | Ulster Bank

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Applying for a first time buyer Mortgage

We've the lowest 4 & 7 year fixed rates in Ireland. Available on mortgages above 60% LTV

Request a call back Read this Important Information
about our mortgages

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

We currently have the lowest 4 and 7 year fixed rates on the market

Available on mortgages above 60% loan to value.

Source: bonkers.ie, Mortgage Comparison, 1st October 2019, www.bonkers.ie/compare-mortgages

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.

First Five Mortgage

With 5 great benefits for first time buyers

Ulster Bank First Five Mortgage

Great
low fixed rates
from
2.3%

€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 application must be submitted by 31st December 2019 

€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

 Where existing customers are taking a Top Up on their mortgage, or moving to a 10 year ECB tracker rate, they can avail of the offer so long as they are borrowing at least an additional €40,000 at our fixed or variable rates, and the new Loan to Value will be no more than 90%.

 Otherwise, the offer excludes customers taking 10 year ECB tracker rates, top up / further advance, offset mortgages, negative equity rates, or seeking only to transfer title.

Request a call back
from a mortgage specialist

 €1,500 towards your
Legal
Fees

50% off Home Insurance in Year 1

What’s the offer

 Discount comprises 25% Ulster Bank Customer Discount and 25% First Time Buyers Discount (which equates to year 3 on our no claims discount scale).

 All discounts are subject to a minimum premium of €230 on Buildings and Contents policies or a minimum premium of €115 on Buildings only or Contents only policies.

 Aviva underwriting acceptance criteria applies.

 50% discount applies to policies in the first year only. Offer valid until 31/12/2019.

 

Who is eligible?

 50% discount is available to new Ulster Bank Home Insurance customers who are buying their first home.

Learn more about our
Home Insurance offer

50% off Home Insurance in
Year 1

Free Valuation on your new home

What’s the offer

 Ulster Bank currently offer a free standard valuation on our new mortgages.

 Only one free valuation per customer applies.

 A valuer will be nominated for you from our valuation panel. 

 

Who is eligible?

New Ulster Bank customers who are buying their first home

Request a call back
from a mortgage specialist

Free Valuation on your new
home

€25,000 Life Insurance in Year 1

What’s the offer

 Free Life Insurance is available for a 12 month period and is provided by Irish Life Assurance plc.

 You can also apply for dual cover where both lives have €25,000 free cover each.

 If you die within the 12 month period, it will pay out a lump sum of €25,000.

 

Who is eligible?

 Offer available if aged between 18 and 55.

 To apply you must answer a qualifying health question.

 

 

Request a call back
from a mortgage specialist

€25,000 Life Insurance cover in Year 1

Important Information about our First Five Mortgage

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.

Mortgage Calculators

We've a range of mortgage calculators to guide you when you want to get a mortgage.

We'll ask a few questions about your income and outgoings to be able to give you an idea of how much we could lend to you.

Want to compare the fixed rate mortgages and variable rate mortgages Ulster Bank provide in Ireland?

Take the next step and apply for a Mortgage

Contact our dedicated mortgage team

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