Overpayment Mortgage Calculator | Mortgages | Ulster Bank

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Important Customer Update

From 10th June 2022 Ulster Bank is no longer accepting new Mortgage applications with the following exceptions

Existing Mortgage customers can continue to apply for a Top Up Mortage until the 26th August 2022.

Existing Tracker & Offset Mortgage customers can continue to apply for a Mortgage loan offer to move property or a Top Up Mortgage until further notice.

Find out more.

 

Announcement by ECB of a rate increase

The European Central Bank (‘ECB’) announced an increase of 0.75% to 1.25% on 8th September 2022. We will write to all of our impacted customers within 10 business days of this announcement to provide specific information on the change to their tracker mortgage product rate and what this will mean for their monthly mortgage payment.

Please Note: this change will only impact ECB Tracker Mortgages.

You can continue to review your current rate and  monthly repayment by logging on to Manage My Mortgage at www.ulsterbank.ie/mortgages/manage-your-ulster-bank-mortgage.html  

If  you want to get in touch with us to request a Fixed Rate Quote or breakage fee or wish to order a statement please email: ECBRateIncrease@ulsterbank.com and include your name, account number and contact details. A member of our team will be in touch you within 48 hours.

If you feel that you may have difficulty repaying your mortgage, we’re here to help. You can call our Arrears Support 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 for you.

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Thinking of making an overpayment

Work out how much interest you could save

Overpayment Calculator Important Information about our mortgages

Mortgage overpayment calculator

See how much you could save

Our simple calculator below will give you an indication of how much interest you could save or how much sooner you could pay off your mortgage by making extra payments.

There are a couple of different options you have when making an overpayment - it's important you understand them so you can decide which option is the best one for you.

Making a regular monthly overpayment:

  • This is an additional monthly payment made on top of what you are obliged to pay each month
  • You can stop making the overpayments at anytime but you must continue to make your normal mortgage payment as usual
  • Please note the overpayment will not reduce your contractual mortgage term. If you would like to do this please call us on 01 7092500 or 0818 210 275.

Making a one off lump sum overpayment:

  • This is an additional payment that you can make at any time
  • Please note the overpayment will not reduce your contractual mortgage term. If you would like to do this please call us on 01 7092500 or 0818 210 275.

Can I reduce the term of my mortgage?

  • You can choose to reduce the term of your mortgage - And pay off your mortgage sooner than the agreed end date, or
  • You can choose to reduce your monthly payment - However you won't pay off your mortgage any earlier than the agreed end date
  • If you would like to reduce your mortgage term please call us on 01 7092500 or 0818 210 275.

Enter your mortgage details below to see how much you could save.

Paying a lump sum is a way to lower your monthly payments.

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Calculate Savings

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Your current monthly repayment is

New monthly payment
Amount saved each month
Potential mortgage reduction
Total amount of interest you could save
Incomplete information To calculate your savings, additional information is required

Pay It Off Earlier - Either Lump sum or Extra monthly payment is required

Reduce Your Monthly Payment - Lump sum payment is required

Your overpayments exceeds your current balance
We can’t calculate your savings We can’t calculate your savings

Sorry we are unable to calculate your savings.  Please call us for more information.

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