Mortgage Rates
We currently have the lowest 4 year fixed rate on the market for residential mortgages
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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.
We currently have the lowest four year fixed rate on the market
3.7% Annual Percentage Rate of Charge.
Standard Variable Rate applies after the fixed term, currently 4.3%
Source: Bonkers, Mortgages Comparison, 6th August 2019.
https://www.bonkers.ie/compare-mortgages/
Rates effective 11th September 2019
With our fixed rate mortgages the repayment amount is fixed for an initial period. Early Redemption Charges apply during this time.
When your fixed rate mortgage expires you will revert to Standard Variable Rate (SVR) * unless you choose from any other mortgage product that you may be offered at this time.
*As SVR is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate.
Definitions:
LTV - Loan to Value
LTI - Loan to Income ratio (using Income as determined for the mortgage application process)
2 Year Rates - Fixed until 31st December 2021
First Time Buyers:
| Maximum LTV |
Maximum LTI | Initial Rate | Rate end of term | APRC*** |
| Up to 90% LTV | 3.5 times | 2.30% | 4.30% SVR ** | 3.9% |
For all customers:
| LTV |
Maximum LTI | Initial Rate |
Rate at end of term |
APRC |
| Up to 60% LTV | 3.5 times | 2.30% |
4.30% SVR** | 3.9% |
| Up to 80% LTV | 3.5 times | 2.30% | 4.30% SVR** | 3.9% |
| Up to 90% LTV | Max. permitted * | 2.45% | 4.30% SVR** | 4.0% |
* The maximum LTI that the Bank will allow you based on an affordability assessment
** As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate
*** APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
4 Year Rates - Fixed until 31st December 2023
First Time Buyers:
| Maximum LTV | Maximum LTI | Initial Rate |
Rate at end of term |
APRC*** |
| Up to 90% LTV | 3.5 times | 2.60% | 4.30% SVR** | 3.7% |
For all customers:
| LTV |
Maximum LTI | Initial Rate |
Rate at end of term |
APRC*** |
| Up to 60% LTV | 3.5 times | 2.60% |
4.30% SVR** | 3.7% |
| Up to 80% LTV | 3.5 times | 2.60% | 4.30% SVR** | 3.7% |
| Up to 90% LTV | Max permitted* | 2.75% | 4.30% SVR** | 3.8% |
* The maximum LTI that the Bank will allow you based on an affordability assessment
** As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate
*** APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
5 Year Rates - Fixed until 31st December 2024
First Time Buyers:
| LTV |
Maximum LTI | Initial Rate |
Rate at end of term |
APRC*** |
| Up to 90% LTV | 3.5 times | 2.60% | 4.30% SVR** | 3.6% |
For all customers:
| LTV |
Maximum LTI | Initial Rate |
Rate at end of term |
APRC |
| Up to 60% LTV | 3.5 times | 2.60% |
4.30% SVR* | 3.6% |
| Up to 80% LTV | 3.5 times | 2.60% | 4.30% SVR* | 3.6% |
| Up to 90% LTV | Max permitted * | 2.75% | 4.30% SVR* | 3.6% |
High Value
Our 5 year fixed High Value rate is available to customers who are borrowing €300,000 or more, with a maximum Loan to Value of 80%.
| LTV |
Initial Rate |
Rate at end of term |
APRC*** |
| Up to 60% LTV | 2.50% |
4.30% SVR** | 3.5% |
| Up to 80% LTV | 2.50% |
4.30% SVR** | 3.5% |
* The maximum LTI that the Bank will allow you based on an affordability assessment
** As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate
*** APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
7 Year Rates - Fixed until 31st December 2026
First Time Buyers:
| LTV |
Maximum LTI | Initial Rate |
Rate at end of term |
APRC*** |
| Up to 90% LTV | 3.5 times | 2.99% | 4.30% SVR** | 3.6% |
For all customers:
| LTV |
Maximum LTI | Initial Rate |
Rate at end of term |
APRC*** |
| Up to 60% LTV | 3.5 times | 2.99% |
4.30% SVR** | 3.6% |
| Up to 80% LTV | 3.5 times | 2.99% | 4.30% SVR** | 3.6% |
| Up to 90% LTV | Max permitted * | 3.14% | 4.30% SVR** | 3.7% |
* The maximum LTI that the Bank will allow you based on an affordability assessment
** As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate
*** APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
Use our mortgage calculator to find out how much your repayments are likely to be.
Our variable rate mortgages track Ulster Bank Standard Variable Rate (SVR*) for the entire life of the loan. Standard Variable Rate is currently 4.30%.
If you choose a variable rate, you can move to a fixed rate at any time with no Early Redemption Charges .
*As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate.
Variable Rates
| LTV | Rate | APRC | |
| Variable Rate | Up to 60% | 3.50% (4.30% SVR* - 0.80%) |
3.6% |
| Variable Rate | Up to 80% | 3.70% (4.30% SVR* - 0.60%) |
3.8% |
| Variable Rate |
Up to 90% | 3.90% (4.30% SVR* - 0.40%) |
4.0% |
Loyalty
Our Loyalty rates are available to Ulster Bank current account customers. Customers must have an income mandated to an Ulster Bank current account.
| LTV | Rate | APRC | |
| Loyalty Discounted Variable | Up to 60% | 3.10% (4.30% SVR* - 1.20%) |
3.1% |
| Loyalty Discounted Variable |
Up to 80% | 3.20% (4.30% SVR* - 1.10%) |
3.2% |
| Loyalty Discounted Variable | Up to 90% | 3.60% (4.30% SVR* - 0.70%) |
3.7% |
uFirst / uFirstgold / uFirst Private Rates
Customers that hold one of the current accounts above can avail of discounts to our variable rates.
| LTV | Rate | APRC | |
| Variable Rate LTV 60% with ufirst Discount |
Up to 60% | 3.40% (4.30% SVR* - 0.90%) |
3.5% |
| Variable Rate LTV 60% with ufirstGold / ufirst Private discount |
Up to 60% | 3.35% (4.30% SVR* - 0.95%) |
3.4% |
| Variable Rate LTV 80% with ufirst Discount |
Up to 80% | 3.60% (4.30% SVR* - 0.70%) |
3.7% |
| Variable Rate LTV 80% with ufirstGold / ufirst Private discount |
Up to 80% | 3.55% (4.30% SVR* - 0.75%) |
3.6% |
SVR - Ulster Bank Standard Variable Rate
LTV - Loan to Value
APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
Use our mortgage calculator to find out how much your repayments are likely to be.
Our variable rate mortgages track Ulster Bank Standard Variable Rate (SVR*) for the entire life of the loan. Standard Variable Rate is currently 4.30%.
If you choose a variable rate, you can move to a fixed rate at any time with no Early Redemption Charges.
With our fixed rate mortgages the repayment amount is fixed for an initial period. Early Redemption Charges apply during this time.
When your fixed rate mortgage expires you will revert to SVR* unless you choose from any other mortgage product that you may be offered at this time.
*As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate.
Variable Rates
| LTV | Rate | APRC |
| Up to 60% | (4.30% SVR + 0.20%) 4.50% |
4.7% |
| Up to 70% |
(4.30% SVR + 0.65%) 4.95% |
5.2% |
LTV - Loan to Value
APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
2 Year Rates - Fixed until 31st December 2021
| LTV | Initial Rate |
Rate at end of term |
APRC |
| Up to 60% | 4.50% | 4.30% SVR* | 4.6% |
| Up to 70% | 4.95% | 4.30% SVR* | 4.7% |
LTV - Loan to Value
APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
5 Year Rates - Fixed until 31st December 2024
| LTV | Initial Rate |
Rate at end of term |
APRC |
| Up to 60% | 4.95% | 4.30% SVR* | 4.8% |
| Up to 70% |
5.40% | 4.30% SVR* | 5.1% |
LTV - Loan to Value
APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
Use our mortgage calculator to find out how much your repayments are likely to be.
Existing tracker rate customers who want to move home can convert their tracker to our 10 year European Central Bank (ECB) tracker rate, up to the level of their existing tracker borrowings. Any additional borrowing would be at our variable or fixed rates, subject to meeting normal affordability criteria.
Important Information for existing tracker rate customers - If you are on a tracker rate and you wish to move home using our 10 year European Central Bank (ECB) tracker rate, you will lose your right to your existing tracker rate for the lifetime of your mortgage. You will have a new mortgage agreement and your monthly repayments, your total amount repayable, and the interest rate on your mortgage may be higher than under your previous mortgage.
Existing Tracker Rate Customers
| LTV | Initial Rate | Rate at end of term | APRC | |
| 10 Year ECB* Tracker Rate - up to 31st December 2029 | Up to 80% | ECB +2.00% | 4.30% SVR | 2.6% |
LTV - Loan to Value
ECB - European Central Bank
APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
Including those with Tracker Rates
Existing customers in negative equity who want to move home can transfer the negative equity to their new home, subject to being able to meet our affordability criteria. However, the new loan to value (LTV) cannot be more than 140%. The existing home must be sold and full proceeds paid off the original mortgage.
Existing tracker rate customers in negative equity who want to move home can convert their tracker to our Negative Equity 10 year European Central Bank (ECB) tracker rate, up to the level of their existing tracker borrowings. Any additional borrowing would be at our variable or fixed rates for LTV 90%+ borrowing, subject to meeting normal affordability criteria.
Important Information for existing tracker rate customers - If you are on a tracker rate and you wish to move home using our Negative Equity 10 year European Central Bank (ECB) tracker rate, you will lose your right to your existing tracker rate for the lifetime of your mortgage. You will have a new mortgage agreement and your monthly repayments, your total amount repayable, and the interest rate on your mortgage may be higher than under your previous mortgage.
Fixed Rates
| LTV | Inital Rate |
Rate at end of term |
APRC*** | |
| 2 Year Fixed Rate LTV over 90% - up to 31st December 2021 | Up to 140% | 2.45% | 4.30% SVR** | 4.0% |
| 4 Year Fixed Rate LTV over 90% - up to 31st December 2023 | Up to 140% | 2.75% | 4.30% SVR** | 3.8% |
| 5 Year Fixed Rate LTV over 90% - up to 31st December 2024 | Up to 140% | 2.75% | 4.30% SVR** | 3.6% |
| 7 Year Fixed Rate 90%+ LTV - up to 31st December 2026 | Up to 140% | 3.14% | 4.30% SVR** | 3.7% |
* LTV - Loan to Value
** As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate
*** APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
Variable Rates
| LTV* | Initial Rate | Rate at end of term | APRC*** | |
| Variable Rate LTV +90% | Up to 140% | 3.90% (4.30% **-0.40%) | N/A | 4.0% |
| Negative Equity 10 Year ECB Tracker Rate - up to 31st December 2029 |
Up to 140% | ECB +2.50% | 4.30% SVR** | 3.0% |
* LTV - Loan to Value
** As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate
*** APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
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.
If you choose a variable interest rate loan:
Variable rate loans: The payment rates on 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 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.