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Ulster Bank is cutting its mortgage rates

This follows moves by First Permanent TSB and Bank of Ireland.

ULSTER BANK HAS announced its plans to cut its fixed and standard variable rate mortgage.

The move will see rates cut for new and existing customers of the bank.

Cuts to mortgage rates were made last month by the Bank of Ireland and Permanent TSB – although these were only applied to new customers.

The lowest variable rate now being offered by the bank is 3.8% – which will be available to those borrowing up to 60% of a houses value.

The bank has also announced that it will reduce its standard variable rate by 0.20% for those not on fixed mortgages.

Changes

The benefits of these changes will be most felt by those able to produce a larger deposit.

For those seeking a mortgage for 90% of a house’s value will see a reduction of between 0.41% (7-year fix) and 0.6% (3-year fix) depending on the length of the fix.

The majority of new house buyers will be seeking mortgages of 80% loan-to-value ratio due to the new rules from the Central Bank. 

On a 7-year fixed mortgage of 80% buyers will see a reduction of 0.3% from 4.20% to 3.90%.

ulster bank How the new rates will work out Ulster Bank Ulster Bank

Speaking about the changes, Head of Branch Banking at Ulster Bank, Jim Ryan, said, “at Ulster Bank, we want to support customers to make the moves and decisions that are right for them.”

These lowest ever rates, which include a number of market leading rates, are providing us with a fantastic opportunity to help more customers buy their dream home, or save money on their existing deal by switching to us.

Other banks

The Bank of Ireland and Permanent TSB made announcements last month that they were also cutting their rates on fixed rate and variable rate mortgages.

The biggest reductions made by the Bank of Ireland were on five-year fixed rate loans which were 0.8% cheaper.

Read: Applying for a mortgage, but haven’t a clue? We asked the banks where to begin

Also: Couple sees rent on Dublin apartment go up 51% in one month

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15 Comments
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    Mute Lewis Armstrong
    Favourite Lewis Armstrong
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    Sep 23rd 2023, 11:33 AM

    There are in fact bad dog breeds and it is not just about bad owners. These are animals and can just snap; the key issue is whether a dog could be capable of killing a small child and, if so, they should be banned. If a dog cannot be physically overpowered by an adult then there is no question it should be destroyed and banned. No value to society having these types of creatures kept in peoples homes.

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    Mute Wombleman
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    Sep 23rd 2023, 11:57 AM

    @Lewis Armstrong: couldn’t agree more. Focus should be on propensity to do extreme physical harm and nothing else.

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    Mute Tommy Haze
    Favourite Tommy Haze
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    Sep 23rd 2023, 12:55 PM

    Saw a young woman walking down the street with an American bully recently.
    Her dog spotted another dog across the street and took off. He literally dragged her on the ground across the street. Fortunately the other dog had skidaddled.
    She got up, her jeans were ripped from being dragged.
    She said:
    ‘Brutus, behave yourself’
    She had no control of that dog.

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    Mute Paul
    Favourite Paul
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    Sep 23rd 2023, 5:00 PM

    Guns dont kill people, people kill people.

    Rabid killer fighting dogs dont kill people, bad owners do..blah blah blah.

    1. Muzzle all dogs in public.
    2. Impound and euthanized unmuzzled dogs
    3. Make owners fully criminally responsible for the actions of their killer pets.
    4. Enforce the above strictly.

    No more dog attacks.

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    Mute Cornelius Murphy
    Favourite Cornelius Murphy
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    Aug 29th 2024, 10:08 PM

    There is NO enforcement of dog laws. we need police and dog wardens…..

    (yes, I have two licenced rescue dogs)

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