Switching your mortgage
Time for a new deal
View our mortgage rates Read this Important Informationabout 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.
Looking to switch your mortgage?
Your current mortgage may have been the best available at the time.
But what about now?
This includes first time buyers, home movers, switchers and buy to let customers for mortgage offers issued between 13 March 2015 and 31 December 2018.
Find out more about the offer and who is eligible.
The switching process explained
When you switch your mortgage from your current provider to another lender this is known as remortgaging.
Step 1 - Review your current mortgage deal
When you are switching you can choose to change the mortgage term or the amount that you're borrowing. This is a good opportunity to see if you can save on your monthly repayments by choosing a mortgage with a lower interest rate or plan.
Remember, your lender may charge you if you pay off your mortgage before the end of the term. This is called a breakage cost. There may also be a redemption charge or exit fee.
Make sure you've done your research so you know the costs involved and can make an informed decision.
Step 2 - Decide which deal suits you
Take your time to research the best deal for you. Use our mortgage calculator to find a mortgage that suits you.
Step 3 - Finalise your new deal
Firstly, we will assess your application and carry out the relevant credit checks. Once this is complete, we will arrange for your property to be valued to keep your valuation up to date.
We will also contact your solicitor to request your title deeds and details of the freeholder if the property is leasehold.
Step 4 - Completion
Once you've successfully gone through the valuation and relevant credit checks, you will receive a formal offer in writing.
Remember to complete the instructions in the letter and return to us as requested. You should also keep a copy for yourself.
Your solicitor could manage this process for you, including ensuring your existing mortgage provider is repaid in full.
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
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
Eligibility criteria
Find out about our eligibility criteria including how much you could borrow and for how long
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.
