Step 1 – Review your current mortgage deal
Review your current mortgage facility; What rate are you paying? Is there a better rate available in the market? At Ulster Bank we currently offer the lowest fixed rate mortgage on the market, to new and existing customers. If you are on a fixed rate your current mortgage lender could charge you a breakage fee, contact your current lender to understand how much this will be.
Have a rough idea of the current value of your property; recent sale prices in your area might be available on the property price register. Source: bonkers.ie 11/12/2017.
Step 2 – What documents are required to process an application?
We do our best to ensure the mortgage process is as streamlined as possible. All banks require some easily-accessible documents to support a mortgage application such as payslips and bank statements. At the start of the customer’s mortgage journey, we compile a list of those documents and talk people through why they’re needed. This saves valuable time for customers in the long run.
Step 3 – Get in contact with Ulster Bank
Ulster bank has a range of options available to new and existing customer to discuss switching their mortgage. Meet an advisor face to face in our local branches, get in touch with our mobile manager team who will meet you at a time and location that suits you, they can even discuss your options over video chat. Or call our direct mortgage team who can help you over the phone. Whatever you lifestyle choose the method that suits you.
Step 4 – Approval
We will assess your application in line with our credit criteria and carry out the relevant credit checks. Once this is complete, we will arrange for the valuation of your property and Ulster Bank will pay the valuation fee.
Once you’ve successfully gone through the valuation and relevant credit checks, you will receive a formal offer in writing. You can then arrange to meet with your solicitor. Ulster Bank will contribute €1,500 towards the cost of your legal fees.
For more see ulsterbank.ie
Maximum loan to value is 90% – varies by buyer type. Security and insurance required. Product fees may apply. Over 18s only. Lending criteria, terms and conditions apply. Credit facilities subject to repayment capacity and financial status.
Legal Fees Offer –includes Buy to Let. Minimum mortgage amount €40,000. Apply by 30th June 2018.Following mortgage drawdown €1,500 will be transferred into the customer’s current account from which the mortgage payment is made within two months. Payment will not be made if mortgage is not drawn down. Offer runs from 13th March 2015 to 30th June 2018 and can be withdrawn or extended at any stage at sole discretion of Ulster Bank. Mortgage Application must be submitted within this period to be eligible. €1,500 payment is a contribution towards the customer’s legal fees. Where legal fees have already been paid by the customer, the €1,500 is a reimbursement of fees incurred. Ulster Bank Ireland DAC is regulated by the Central Bank of Ireland.
Free valuation offer – One free valuation per new mortgage customer, in each case a valuer will be nominated for you from Ulster Bank’s valuation panel to carry out your valuation. Terms and conditions apply.
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