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 |
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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. (Ref: var7824) |
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| 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 |
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|
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. (Ref: var4932) |
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| 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 |
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|
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) |
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| 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 |
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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. (Ref: var7825) |
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| 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 |
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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. (Ref: var4933) |
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| 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 |
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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) |
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| Investment Flexible Variable (Standard Variable Rate* + 0.65% for the life of the mortgage) |
5.40%
variable |
5.50% APR | 75% property value |
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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) |
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