Feedback

We use cookies to help provide you with the best possible online experience. By using this site, you agree that we may store and access cookies on your device. You can find out more and set your preferences here.


Mortgages

WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.


VARIABLE RATE LOANS: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.

First Time Buyer Mortgages
Frequently Asked Questions

Can I get a mortgage offer before I find my property?

Yes you can. In fact it's a good idea to talk to us as early as possible so you can act faster later. We can agree a loan in principle, and when you find the property you like we will carry out a valuation to make a formal mortgage offer.

What other costs might I have when taking out a mortgage?

It's important you add up all the costs involved in a mortgage, not just the interest rate. You may need to budget for a valuation fee, search fees, registry fees and legal costs. Stamp duty is 1% on properties up to €1,000,000 and then 2% for excess over €1,000,000.

We expect you to take out buildings insurance to cover damage or rebuilding costs if needed. We also recommend you take out contents insurance along with sickness and unemployment cover, as appropriate.

How do I apply for a mortgage?

You can make an appointment to speak with a customer advisor by contacting 1800 303 004 .

Lines are open: Mon - Fri 8.30am - 7.30pm, Saturday 9am to 2pm, (excl. bank holidays). Calls may be recorded

How much of a deposit will I need?

At Ulster Bank we offer mortgages up to 90% of the property value. You will need at least a 10% deposit. E.g. Property Value €100,000 , the deposit required will be €10,000 .

How much can I borrow?

The amount we lend will depend on your individual circumstances.

What is a capital repayment?

A capital repayment is when both the amount borrowed and interest are repaid each month.

Do I always need life insurance?

When you take out a mortgage, your lender needs to be sure that you'll be able to pay it back, even if you lose your job, become unwell for a long period or die.

Because of this, lenders usually insist you buy life cover when you take out your mortgage. We suggest you take out appropriate life cover policy. We can give you a quotation when you call in for a mortgage appointment.

What if I lose my job?

Please contact us if you have lost your job and you think you may have difficulties with the loan. The sooner you talk to us, the more options we can find for a solution.

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.