Fixed Rate Mortgages explained

Our range of fixed rate mortgages

If you choose one of our fixed rate mortgages, it may make budgeting and planning ahead a little easier as the repayment amount is fixed for an initial term

  • You can choose to fix your rate for 2, 4, or 7 years
  • Our rates can vary depending on the loan to value of your mortgage
  • During this period, your monthly mortgage payments will stay the same, even if interest rates go up or down
  • You can make overpayments on your fixed rate mortgage. An Early Redemption Charge is due if you repay all or part of your mortgage before the end of the set fixed period, however you can make an overpayment of 10% of your outstanding fixed rate balance each year without incurring an Early Redemption Charge.

What happens after the fixed rate period ends?

We will write to remind you your initial fixed term is coming to an end, you can choose to either:

  • Let your rate switch to the follow on Variable Rate as outlined in your T&Cs.  Follow on Variable Rates are not linked to the European Central Bank base rate (ECB), this means the rate can increase or decrease at any time even if there is no change in the ECB base rate.
  • Choose another fixed rate mortgage for a set period of time. 
  • Please note that Ulster Bank will have completed the transfer of your mortgage to another provider by the time your fixed rate expires.  In this scenario, you will receive advance notice from the new provider prior to your rate expiring, advising of the rate options available to you.         
  • If you are currently on a Variable Rate and wish to switch your mortgage to a different product, or you just want to look at what we could offer you, you can either log in to Manage my Mortgage or contact us where you will be provided with a list of options available to you and the estimated monthly payment on each.

Who can choose a fixed rate mortgage?


  • Our fixed rates are available to existing Ulster Bank mortgage customers
  • They are perfect for anyone who likes to know exactly how much they need to pay each month

Important information about our fixed rate mortgages

Ready to talk to us?

Read this important information about our mortgages.