Ulster Bank this week announced a brand new two year fixed rate mortgage of 2.3%, the lowest in Ireland. The new rate is available across all Loan to Value bands and is in addition to the market leading four year fixed rate of 2.6%.
The four year rate is also now available across all LTV bands (previously only available for up to 80% LTV), making Ulster Bank home to the cheapest fixed rate mortgages in the country.
In addition to these new rates, Ulster Bank is also offering customers €1,500 contribution to legal fees and free valuations. There will also be €25,000 Life Insurance cover for first time buyers in the first year of the mortgage and 50% off Home Insurance for first time buyers in the first year of the mortgage.
Speaking this week, Ulster Bank’s Head of Customer Experience and Products, Damien Daly said, "At Ulster Bank we are making Ireland’s lowest mortgages rates even lower with a new two year rate of 2.3%. Buying a home or switching mortgage is one of the most important decisions any of us will make and this new rate means customers can have certainty of payments while also saving money when they need it most. It’s important that Help for What Matters is real and tangible for the people that matter most, our customers."
He added, "Offering the cheapest fixed rates in Ireland is just that; it’s actual support for customers at one of the most crucial financial moments in their lives. We encourage any customer, new or existing to talk to us about getting the best value for their mortgage."