Variable Rate Mortgage - Variable Rate Mortgage options

*Standard Variable Rate is currently 4.75% ( 4.90% APR ). The Standard Variable Rate is not available to new customers.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.

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

Mortgage type	Initial interest rate	APR	Max loan	Other information
Discounted Variable <75% LTV with ufirstgold / ufirst Private discount (Standard Variable Rate* minus 0.95% for the life of the mortgage). Available exclusively to ufirstgold / ufirst Private current account holders.	3.80% variable	3.90% APR	75% property value	Minimum loan €50,000 Take advantage of our skip months and payment break options Available exclusively to ufirstgold and ufirst Private current account holders Maximum term is 35 years subject to serviceability after retirement age Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum Minimum term is 5 years
Typical Example The cost per month of a typical €100,000, 20 year variable rate mortgage with ufirstgold / ufirst Private discount discounted with a typical 3.90% APR (variable) is €595.49 excluding insurance. Total amount repayable €142,917.60. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €42,917.60. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €53.47. The total cost of credit of a 1% rise in the rate of interest is €55,750.40. Available to ufirstgold and ufirst Private current account holders only. For ufirstgold a monthly membership fee of €14 applies. For ufirst Private a monthly membership fee of €50 applies. This incorporates the monthly fee of €36 for the Private Relationship service provided to customers of Ulster Bank Private and the monthly fee of €14 for the benefits of the Ufirst Private account. These fees are subject to change. If you close your ufirstgold or ufirst Private account, the interest rate on this loan will revert to either the Flexible Variable Rate or the Discounted Variable Rate. The relevant rate will be set out in your loan offer. (Ref: var7824)
Discounted Variable <75% LTV with ufirst discount (Standard Variable Rate* minus 0.90% for the life of the mortgage)	3.85% variable	3.90% APR	75% property value	Maximum term is 35 years subject to serviceability after retirement age Minimum term is 5 years Take advantage of our skip months and payment break options Available exclusively to ufirst current account holders Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum
Typical Example The cost per month of a typical €100,000, 20 year variable rate mortgage with ufirst discount, with a typical 3.90% APR (variable) is €598.11 excluding insurance. Total amount repayable €143,546.40. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €43,546.40. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €53.59. The total cost of credit of a 1% rise in the rate of interest is €56,408.00. Available to ufirst current account holders only. A monthly membership fee of €10 applies. This fee is subject to change. If you close your ufirst account, the interest rate on this loan will revert to either the Flexible Variable Rate or the Discounted Variable Rate. The relevant rate will be set out in your loan offer. (Ref: var4932)
Discounted Variable Mortgage <75% (Standard Variable Rate* minus 0.80% for the life of the mortgage)	3.95% variable	4.00% APR	75% property value	Maximum term is 35 years subject to serviceability after retirement age Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum Minimum term is 5 years Take advantage of our skip months and payment break options
Typical Example The cost per month of a typical €100,000, 20 year variable rate mortgage with a typical 4.00% APR (variable) is €603.35 excluding insurance. Total amount repayable €144,804.00. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €44,804.00. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €53.85. The total cost of credit of a 1% rise in the rate of interest is €57,728.00. (Ref: var4944)
Discounted Variable <90% LTV with ufirstgold / ufirst Private discount (Standard Variable Rate* minus 0.70% for the life of the mortgage). Available exclusively to ufirstgold / ufirst Private current account holders.	4.05% variable	4.10% APR	90% property value	Minimum loan €50,000 Minimum term is 5 years Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum Available exclusively to ufirstgold and ufirst Private current account holders Maximum term is 35 years subject to serviceability after retirement age Take advantage of our skip months and payment break options
Typical Example The cost per month of a typical €100,000, 20 year variable rate mortgage with ufirstgold / ufirst Private discount, with a typical 4.10% APR (variable) is €608.62 excluding insurance. Total amount repayable €146,068.80. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €46,068.80. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €54.10. The total cost of credit of a 1% rise in the rate of interest is €59,052.80. Available to ufirstgold and ufirst Private current account holders only. For ufirstgold a monthly membership fee of €14 applies. For ufirst Private a monthly membership fee of €50 applies. This incorporates the monthly fee of €36 for the Private Relationship service provided to customers of Ulster Bank Private and the monthly fee of €14 for the benefits of the Ufirst Private account. These fees are subject to change. If you close your ufirstgold or ufirst Private account, the interest rate on this loan will revert to either the Flexible Variable Rate or the Discounted Variable Rate. The relevant rate will be set out in your loan offer. (Ref: var7825)
Discounted Variable Mortgage <90% with ufirst discount (Standard Variable Rate* minus 0.65% for the life of the mortgage)	4.10% variable	4.20% APR	90% property value	Take advantage of our skip months and payment break options Minimum term is 5 years Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum Available exclusively to ufirst current account holders Maximum term is 35 years subject to serviceability after retirement age
Typical Example The cost per month of a typical €100,000, 20 year variable rate mortgage with ufirst discount with a typical 4.20% APR (variable) is €611.26 excluding insurance. Total amount repayable €146,702.40. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €46,702.40. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €54.23. The total cost of credit of a 1% rise in the rate of interest is €59,717.60. Available to ufirst current account holders only. A monthly membership fee of €10 applies. This fee is subject to change. If you close your ufirst account, the interest rate on this loan will revert to either the Flexible Variable Rate or the Discounted Variable Rate. The relevant rate will be set out in your loan offer. (Ref: var4933)
Discounted Variable Mortgage <90% (Standard Variable Rate* minus 0.55% for the life of the mortgage)	4.20% variable	4.30% APR	90% property value	Take advantage of our skip months and payment break options Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum Minimum term is 5 years Maximum term is 35 years subject to serviceability after retirement age
Typical Example The cost per month of a typical €100,000, 20 year variable rate mortgage with a typical 4.30% APR (variable) is €616.57 excluding insurance. Total amount repayable €147,976.80. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €47,976.80. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €54.48. The total cost of credit of a 1% rise in the rate of interest is €61,052.00. (Ref: var4945)
Investment Flexible Variable (Standard Variable Rate* + 0.65% for the life of the mortgage)	5.40% variable	5.50% APR	75% property value	Valuation fee approximately €130 Minimum term is 5 years Maximum term is 25 years subject to serviceability after retirement age The maximum mortgage available is up to 75% of purchase price/ value of the property (whichever is lower) in the following urban areas only - Dublin, Cork, Limerick & Galway. For properties in all other locations the maximum mortgage available is up to 50% of purchase price/ value of the property (whichever is lower). Early repayment fee: See Legal Information
Typical Example The cost per month of a typical €100,000, 20 year investment variable rate mortgage with a typical 5.50% APR is €682.25 excluding insurance. Total amount repayable €163,740.00. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €63,740.00. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €57.45. The total cost of credit of a 1% rise in the rate of interest is €77,528.00. (Ref: var4946)

Additional Information

Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum

You won't pay a penalty for making lump sum payments or overpayments.
This option offers you the chance to reduce the overall amount of interest you will pay on your mortgage and this will have the impact of reducing the term of your mortgage.

Take advantage of our skip months and payment break options.

Skip months

We offer you the flexibility to have up to 2 months each year where you do not have to make a mortgage repayment. When taking out the mortgage choose to pay 10 increased payments instead of the usual 12. There is no additional fee or charge associated with this 'skip months' option.

Payment break option

You can apply to take a complete break from your mortgage repayments. Provided you have been making monthly payments for 6 consecutive months you can apply for a payment break (subject to conditions and approval).
Please note that interest will still be accrued during payment-free months