Variable Rate Mortgage - Variable Rate Mortgage options

*Standard Variable Rate is currently 3.85% (3.90% 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 Rate (Standard Variable Rate* minus 0.76% for the life of the mortgage)	3.09% variable	3.10% APR	<90% property value	Available exclusively to first time buyers & home movers Maximum term is 40 years provided age is not over 70 at maturity date 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
Typical Example The cost per month of a typical €100,000, 20 year variable rate mortgage at 3.10% APR is €559.11 excluding insurance. Total amount repayable €134,187.30. Total cost of credit (Total Amount Repayable - Mortgage Amount) €34,187.30. If rates increase by 1% an additional €51.62 would be payable monthly. Total cost of credit with 1% increase is €46,575.97. (Ref: var6904)
Discounted Variable <80% LTV with ufirst discount (Standard Variable Rate* minus 0.20% for the life of the mortgage)	3.65% variable	3.70% APR	<80% 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 40 years provided age is not over 70 at maturity date Available exclusively to ufirst current account holders
Typical Example The cost per month of a typical €100,000, 20 year variable rate mortgage with ufirst discount with a typical 3.70% APR is €587.70 excluding insurance. Total amount repayable €141,047.33. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €41,047.33. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €53.08. The total cost of credit of a 1% rise in the rate of interest is €53,785.98. 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 >80% with ufirst discount (Standard Variable Rate* minus 0.10% for the life of the mortgage)	3.75% variable	3.80% APR	>80% property value	Maximum term is 40 years provided age is not over 70 at maturity date Minimum term is 5 years Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum 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 ufirst discount with a typical 3.80% APR is €592.89 excluding insurance. Total amount repayable €142,293.20. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €42,293.20. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €53.34. The total cost of credit of a 1% rise in the rate of interest is €55,093.67. 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)
Flexible Variable <80% LTV (Standard Variable Rate* + 0% for the life of the mortgage)	3.85% variable	3.90% APR	<80% property value	Minimum term is 5 years Maximum term is 40 years provided age is not over 70 at maturity date 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 a typical 3.90% APR is €598.11 excluding insurance. Total amount repayable €143,545.34. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €43,545.34. 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 €56,407.43. (Ref: var4944)
Flexible Variable mortgage >80% LTV (Standard Variable Rate* + 0.10% for the life of the mortgage)	3.95% variable	4.00% APR	>80% property value	Maximum term is 40 years provided age is not over 70 at maturity date 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 a typical 4.00% APR is €603.35 excluding insurance. Total amount repayable €144,803.74 Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €44,803.74. 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 €57,727.22. (Ref: var4945)
Investment Flexible Variable (Standard Variable Rate* + 0.65% for the life of the mortgage)	4.50% variable	4.60% APR	<50% property value	Maximum term is 25 years provided age is not over 70 at maturity date Early repayment fee: See Legal Information Valuation fee approximately €130 Minimum term is 5 years
Typical Example The cost per month of a typical €100,000, 20 year investment variable rate mortgage with a typical 4.60% APR is €632.65 excluding insurance. Total amount repayable €151,835.85. Total Cost of Credit(Total Amount Repayable - Mortgage Amount) €51,835.85. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €55.24. The total cost of credit of a 1% rise in the rate of interest is €65,092.95. (Ref: var4946)
Top-up Flexible Variable Mortgage with ufirst discount (Standard Variable Rate* + 0.80% for the life of the mortgage)	4.65% variable	4.80% APR	<80% property value	Available exclusively to ufirst current account holders. Maximum term is 40 years provided age is not over 70 at maturity date. Minimum term is 5 years. Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum. Free valuation on all properties.
Typical Example The cost per month of a typical €100,000, 20 year top-up variable rate mortgage with ufirst discount with a typical 4.80% APR is €640.77 excluding insurance. Total amount repayable €153,785.98. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €53,785.98. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €55.61. The total cost of credit of a 1% rise in the rate of interest is €67,132.82. 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 the Top-up Flexible Variable Rate. (Ref: var6104)
Topup Flexible Variable Mortgage (Standard Variable Rate* + 1.00% for the life of the mortgage)	4.85% variable	5.00% APR	<80% property value	Minimum term is 5 years. Save interest on your mortgage - Flexibility to pay more than your monthly payment or pay off a lump sum. Take advantage of our skip months and payment break options. Maximum term is 40 years provided age is not over 70 at maturity date.
Typical Example The cost per month of a typical €100,000, 20 year top-up variable rate mortgage with a typical 5.00% APR is €651.70 excluding insurance. Total amount repayable €156,407.43. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €56,407.43. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €56.11. The total cost of credit of a 1% rise in the rate of interest is €69,873.07. (Ref: var6124)
Investment Top-up Flexible Variable Mortgage (Standard Variable Rate + 1.65% for the life of the mortgage)	5.50% variable	5.60% APR	<50% property value	Valuation fee approximately €130. Early repayment fee: See Legal Information. Maximum term is 25 years provided age is not over 70 at maturity date. Minimum term is 5 years.
Typical Example The cost per month of a typical €100,000, 20 year investment top-up variable rate mortgage with a typical 5.60% APR is €687.89 excluding insurance. Total amount repayable €165,092.95. Total Cost of Credit (Total Amount Repayable - Mortgage Amount) €65,092.95. The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €57.69. The total cost of credit of a 1% rise in the rate of interest is €78,937.55. (Ref: var6145)

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