Overlay
Mortgages

Find out about our great low rates

Mortgage Rates

  • We currently have Ireland's lowest 2 year fixed rate

2 year available on mortgages up to 80%  LTV 

Source: bonkers.ie, Mortgage Comparison, 19th February 2021, www.bonkers.ie/compare-mortgages

Residential fixed rates

  • With fixed rate mortgages the repayment amount is fixed for an initial period. 
  • Early Redemption Charges apply during this time.
  • When your fixed rate mortgage expires you will revert to a follow on Variable Rate* unless you choose from any other mortgage product that you may be offered at this time.

*Follow on Variable Rates are not linked to the European Central Bank (ECB) base rate or SVR, this means the rate can increase at any time even if there is no change to either of these rates

Residential fixed rates

Residential variable rates

Our new business variable rate mortgages track Ulster Bank Standard Variable Rate (SVR*) for the entire life of the loan, or until you choose an alternative rate, if sooner. Standard Variable Rate is currently 4.30%.

If you choose a variable rate, you can move to a fixed rate at any time with no Early Redemption Charges.

 

* As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate.

 

Residential variable rates

Buy to Let rates

Our new business variable rate mortgages track Ulster Bank Standard Variable Rate (SVR*) for the entire life of the loan, or until you choose an alternative rate, if sooner. Standard Variable Rate is currently 4.30%.

If you choose a variable rate, you can move to a fixed rate at any time with no Early Redemption Charges.

With our fixed rate mortgages the repayment amount is fixed for an initial period. Early Redemption Charges apply during this time.

When your fixed rate mortgage expires you will revert to a follow on variable rate* unless you choose from any other mortgage product that you may be offered at this time.  Follow on variable rates are not linked to the ECB base rate or SVR, this means that follow on rates can increase at any time even if there is no change in either of these rates. 

*As Standard Variable Rate (SVR) is not linked to the European Central Bank base rate (ECB), the rate can increase or decrease at any time even if there is no change in the ECB base rate.

 

Buy to Let rates

Existing Tracker Rate Customers

Existing tracker rate customers who want to move home can convert their tracker to our 10 year European Central Bank (ECB) tracker rate, up to the level of their existing tracker borrowings.  Any additional borrowing would be at our variable or fixed rates, subject to meeting normal affordability criteria.

Important Information for existing tracker rate customers - If you are on a tracker rate and you wish to move home using  our 10 year European Central Bank (ECB) tracker rate, you will not have the right to return to your existing tracker rate.  You will have a new mortgage agreement and your monthly repayments, your total amount repayable, and the interest rate on your mortgage may be higher than under your previous mortgage.

 

 

LTV

Initial
Rate

Rate at end of term

APRC

10 Year ECB* Tracker Rate - up to 30th September 2031

Up to 60%

ECB +2.00%

 

3.50%

2.4%

10 Year ECB* Tracker Rate - up to 30th September 2031

Up to 80%

ECB +2.00%

3.70%

2.4%

LTV - Loan to Value
ECB - European Central Bank
APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.

Find out more about our variable rates

Existing Negative Equity Customers

Including those with Tracker Rates

Existing customers in negative equity who want to move home can transfer the negative equity to their new home, subject to being able to meet our affordability criteria.  However, the new loan to value (LTV) cannot be more than 140%.  The existing home must be sold and full proceeds paid off the original mortgage.

Existing tracker rate customers in negative equity who want to move home can convert their tracker to our Negative Equity 10 year European Central Bank (ECB) tracker rate, up to the level of their existing tracker borrowings.  Any additional borrowing would be at our variable or fixed rates for LTV 90%+ borrowing, subject to meeting normal affordability criteria.

Important Information for existing tracker rate customers - If you are on a tracker rate and you wish to move home using  our Negative Equity 10 year European Central Bank (ECB) tracker rate, you will not have the right to return to your existing tracker rate.  You will have a new mortgage agreement and your monthly repayments, your total amount repayable, and the interest rate on your mortgage may be higher than under your previous mortgage.

 

Existing Negative Equity Customers

Ready to talk to us?

Read this important information about our mortgages.