Secure Step Mortgage - Overview
Looking for protection against falling house prices?
Secure Step can make it easier to get onto the property ladder or make that move to a new home. We've been working with a number of developers to offer you a package that could protect you in an uncertain property market.
We've also increased the amount we'll lend to First Time Buyers and Trader Uppers, who can now borrow up to 95% of the property value, when purchasing within participating developments.
What's more, if your property has decreased in value after 5 years, the developer will refund the amount of the decrease, up to 15% of the original purchase price. Any refund due will be used to reduce your mortgage.
Home in on Secure Step's benefits:
- You'll be protected if your house price falls by up to 15%.
- Competitive rates available:
- 5yr fixed at 3.95% (4.0% APR)
- Flexible Variable at 2.95% (3.0% APR)
- Up to 95% mortgages are available.
- Terms up to 40 years available.
- A choice of attractive fixed and flexible variable rates.
WARNING: 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.
FIXED RATE LOANS: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.
How can I apply for the Secure Step Mortgage?
For more information or to make an application, simply call into your nearest Ulster Bank branch today.
