First Time Buyer Mortgages | Mortgages | Ulster Bank

Couple shopping

First time buyers

Helping you buy your own home

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 Republic of Ireland. Security, buildings insurance and life cover required. 

Warning: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.


First Five Mortgage

With 5 great benefits for first time buyers

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

Find out more
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
€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

Find out more
€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
Ulster Bank First Five Mortgage

Great
low fixed rates
from
2.3%

Find out more
€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 31 December 2018

€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.

 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

Find out more
€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 31 December 2018

€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.

 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
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 31/03/19.

 

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

Find out more
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 31/03/19.

 

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

We currently have the lowest two year fixed rate on the market

 

3.9% Annual Percentage Rate of Charge. 
Standard Variable Rate applies after the fixed term, currently 4.3%

 

Source: Bonkers, Mortgages Comparison, 29 June 2018
https://www.bonkers.ie/compare-mortgages/

Buying your first home?

It's an exciting time buying your first home. But it can be hard to know where to start when it comes to the important decisions such as choosing the right mortgage.

We have tools and calculators to help you plan and helpful guides to lead you through every step.

If you are ready to make a move you can show agents and sellers that you're a serious buyer with our Agreement in Principle.

Why choose us?
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 application must be submitted by 31 December 2018

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

Request a Call Back
Father & daughter on sofa with laptop

Mortgage calculator

Found a house you want to buy?

Review our wide range of fixed rate and flexible variable rate mortgages and find out how much your repayments are likely to be with our easy to use mortgage calculator.

Find a mortgage
  Costs to consider

Our guide to buying a home can help you begin to understand all the costs involved in buying your home.

You may also wish to consider taking out buildings and contents insurance along with sickness and unemployment cover, as appropriate.

Read our guide to buying a home More about our insurance and protection options
Bills

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.

  

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.

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.

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 3 years at 2.99% and then our Standard Variable Rate  of 4.3% for the remaining 17 years would require 36 monthly payments of €554.10 and 204 monthly payments of €612.48. The total amount payable would be €144,931.52 made up of the loan amount of €100,000 plus interest of €44,893.52 and a security release fee of €38.  The Annual Percentage Rate of Charge is 4.0%.  After the initial fixed rate period ends, an additional 1% rise in our Standard Variable Rate  would give rise to an additional cost at that time of €46.86 monthly.  The above quotation is for illustrative purposes only.

Security, buildings insurance and life cover required. Over 18s only. Product fees may apply. Maximum loan to value (LTV) is 90%. For First Time Buyers and Switchers (with no top up) a maximum of 90% LTV will apply.  For Home Movers a maximum LTV of 80% applies. These limits may vary. Buy to Let, Negative Equity mortgages and Mortgages in arrears are excluded from these LTV limits. Lending criteria, terms and conditions apply. Credit facilities subject to repayment capacity and financial status. Applicant must reside in, and mortgage property must be in, the Republic of Ireland. The loan amount is not based on one fixed formula. Factors reflecting the repayment capacity of each applicant are individually assessed based on a combination of factors including qualifying income, net disposable income and existing commitments.

€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 31 December 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 where the customer is borrowing less than €40,000 at our fixed or variable rates, and on offset mortgages, negative equity rates, or where the customer is seeking only to transfer title.

Home Insurance Offer

Key Information - 50% discount applies to policies in the first year only.  Aviva underwriting acceptance criteria applies. 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.

 

Important information - 50% discount is available to new Ulster Bank Home Insurance customers who are buying their first home. Discount comprises 25% Ulster Bank Customer Discount and 25% First Time Buyers Discount (which equates to year 3 on our no claims discount scale). Offer valid until 31/03/19. Ulster Bank Ireland Home Insurance is arranged (for all sales in Ulster Bank branches) and introduced (for all website and call centre sales) by Ulster Bank Ireland DAC Limited. It is underwritten and administered by Aviva Insurance Limited. Aviva Insurance Limited, trading as Aviva, is authorised by the Prudential Regulation Authority in the UK and is regulated by the Central Bank of Ireland for conduct of business rules. More information at www.ulsterbank.ie. Information correct at 06/03/2018.

Life Insurance Offer

Key Information - Free Life Insurance is available for a 12 month period and is provided by Irish Life Assurance plc. Offer available to First Time Buyers aged between 18 and 55. To apply you must answer a qualifying health question.

 

Important Information - 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. Ulster Bank Ireland DAC is tied to Irish Life Assurance plc. for life insurance plans. Irish Life Assurance plc is regulated by the Central Bank of Ireland. 

Set Tab for lightbox