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Ulster offers new fixed rate homeloans

Wednesday, June 25 13:58:11

Ulster Bank has today announced a new fixed-rate mortgage deal that it says will shake up the homeloan market.

The new three-year fixed rate of just 4.25pc 4.5pc APR fixed, available until 30 September 2014, will be a boost for first-time buyers in the market as the deal is available up to 90pc LTV, it said.

At the end of the fixed rate term, rates revert to its Standard Variable Rate which is currently 4.50pc.

Jim Ryan, Managing Director of Branch Banking, Ulster Bank, said: "These market-leading rates are a signal of our commitment to support people's home-owning aspirations and to give them the YES that they're looking for. We want to support customers to make the moves and decisions that are right for them. Our 300 trained mortgage specialists are available for late appointments and Saturday appointments and we can arrange a free call-back at a time that suits them."

Earlier this year, Ulster Bank announced that it has a dedicated E850m for personal lending and that if the right type of demand existed it would increase the finance available.