Announcement of cessation of new mortgage business: As of 1st May 2023, Ulster Bank is no longer accepting applications for new mortgage lending. This includes applications to move to a new property or port a tracker rate and applies to all mortgage customers with the exception of existing Offset Mortgage customers (to be renamed to Flexible Mortgages from 23rd May 2024) and product switch applications.
For customers due to transfer to AIB, the next phase of Mortgage Loan transfers to AIB is expected to take place in the second half of 2024 and you will be able to progress any additional lending requests with AIB after your mortgage has transferred.
If you require any further information, please contact us on 0818 210 275 or 00353 818210275 if you are calling from abroad
Important customer notice:
Due to the closure of Ulster Bank, the Manage my Mortgage portal will no longer be available from the end May 2024. If you wish to talk to us about your mortgage please phone 01 709 2500. Opening hours: Mon-Fri 9am-5pm Excluding public holidays Calls may be recorded.
If you feel that you may have difficulty repaying your mortgage, we’re here to help. You can call our Arrears Unit on 1800 435 763 or log on to www.ulsterbank.ie/managingdebt where you can leave your details with us and we’ll call you back at a time that’s convenient to you.
Information on our current mortgage rates
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT
WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR LOAN, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE
WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED RATE MORTGAGE EARLY
VARIABLE RATE LOANS: THE PAYMENT RATES IN THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME
WARNING: IF YOU SWITCH TO AN ALTERNATIVE INTEREST RATE, YOU WILL NOT BE CONTRACTUALLY ENTITLED TO GO BACK ONTO A TRACKER INTEREST RATE IN THE FUTURE.
If you choose a fixed rate now, Ulster Bank will have completed the transfer of your mortgage to another provider by the time your new 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.
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.
Please note that Ulster Bank will have completed the transfer of your mortgage to another provider by the time your new 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.
Residential variable rates
Our 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%.
* 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
Our 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%.
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.
Existing Tracker Rate Customers
Existing Tracker rate customers where the rate has a fixed end date (typically 10 years) will move to the follow on rate as per your Terms & Conditions (Ulster Bank do not offer alternative rates).
Existing Negative Equity Customers with Tracker Rates
Existing Tracker customers in negative equity where the rate has a fixed end date (typically 10 years) will move to the follow on rate as per your Terms & Conditions (Ulster Bank do not offer alternative rates).
Variable Rate Representative Example Assuming a total amount of credit of €100,000 repayable over 20 years at a borrowing rate of 4.3% (variable), the cost per month is €621.90 excluding insurance. The total amount to be repaid is €149,294 which includes a release of security fee of €38. The Annual Percentage Rate of Charge is 4.4% (variable). The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €54.74 and would be payable monthly. The above quotation is for illustrative purposes only.
Fixed Rate Representative Assuming a total amount of credit of €100,000 repayable over 20 years, initially on a fixed rate for 2 years at 4.65%, and then a variable rate of 3.7% for the remaining 18 years would require 24 monthly payments of €640.77 and 216 monthly payments of €594.45. The total amount payable would be €143,817.28 made up of the loan amount €100,000 plus interest of €43,779.28 and a security release fee of €38. The Annual Percentage Rate of Charge is 4.0%. After the initial fixed rate period ends, an additional 1% rise in the variable rate would give rise to an additional cost at that time of €48.82 monthly. The above quotation is for illustrative purposes only.