2 year available on mortgages up to 80%, 4 & 10 year available on mortgages up to 90% LTV
Source: bonkers.ie, Mortgage Comparison, 26th November 2020, www.bonkers.ie/compare-mortgages
Update on Ulster Bank Ireland DAC presence in the Republic of Ireland.
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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. 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
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 interest rate loan:
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.