Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Alamy Stock Photo
Interest Rate

Ulster Bank increases fixed mortgage rates for some customers by 0.75%

The rate increase applies to two, four and seven year fixed rate mortgages, as well as four year fixed Green mortgages.

ULSTER BANK HAS increased fixed mortgage interest rates by 0.75%.

The new rates are effective from today and will only apply to certain existing customers.

The bank is currently implementing a phased withdrawal from the Irish market and as a result, mortgages have not been on sale to new customers since June or to existing customers since August.

However, existing tracker and offset mortgage customers can continue to apply for a mortgage loan offer to move property or a top up mortgage until further notice.

The rate increase will apply to two, four and seven year fixed rate mortgages, as well as four year fixed Green mortgages.

Variable rates are not impacted by the increase, while five and ten year fixed rates have been removed from sale.

While the changes are effective from today, Ulster Bank said it will honour the original rates for customers who have already applied, “even where they have not yet reached the stage of having a loan offer”.

A statement from Ulster Bank said: “Customers with fixed rates expiring in November or December 2022 will also be able to access existing rates up to the date of expiry of their current rate, in recognition of the fact that they may have planned to select one of our existing rates but may not have actioned that yet.”

Your Voice
Readers Comments
2
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel