Mortgage Rates | Fixed, Variable, Buy-To-Let | Ulster Bank

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Mortgage Rates

We currently have the lowest 4 year fixed rate on the market for residential mortgages

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about our mortgages
What's my Loan to Value?

Your Loan to Value (or LTV) is the size of your mortgage as a percentage of the value of your property.

For instance, if you have £60,000 mortgage and your home is worth £100,000, your LTV is 60%.

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

Residential Fixed Rates

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)

 

Accordion

Icon expand 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.

 

Find out more about our fixed rates
Accordion

Icon expand 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.

 

Find out more about our fixed rates
Accordion

Icon expand 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.

 

Find out more about our fixed rates
Accordion

Icon expand 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.

Mortgage Calculator
Residential Variable Rates

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.

Accordion

Icon expand 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.

Find out more about our variable rates

 

Use our mortgage calculator to find out how much your repayments are likely to be.

Mortgage Calculator
Buy to Let Rates

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.

Accordion

Icon expand 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.

Find out more about our variable rates
Accordion

Icon expand 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.

Find out more about our fixed rates
Accordion

Icon expand 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.

Find out more about our fixed rates

 

Use our mortgage calculator to find out how much your repayments are likely to be.

Mortgage Calculator
Existing Tracker Rate Customers

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.

 

Accordion

Icon expand 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.

Find out more about our variable rates
Get in touch
Existing Negative Equity Customers
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.

 

Accordion

Icon expand 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.

 

Find out more about our fixed rates
Accordion

Icon expand 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.

 

Find out more about our variable rates
Get in touch

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.

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