Compare Ulster Bank mortgages

Considering a mortgage with Ulster Bank? Make sure to familiarise yourself with the key types of mortgage finance they offer so you can see which products are most appropriate for your needs.

First Time Buyer mortgages

Ulster Bank offer mortgages of up to 95% of the value of a property for first time buyers. This means if you cannot afford a big enough deposit for a traditional mortgage, you may still be able to move forward with purchasing your first home. To qualify you will need a deposit of between 5% and 10% of the value of the property you need to buy which must cost no more than £400,000.

Buy to Let mortgages

You can borrow against up to 3 buy to let properties with Ulster Bank up to a maximum combined value of £500,000. Unlike many lenders, Ulster Bank does not require your monthly rental income to exceed your monthly mortgage payments – they will allow other disposable income to be taken into account.

Remortgaging with the Ulster Bank

Moving your mortgage to Ulster Bank could allow you to borrow more, pay off your mortgage sooner or cut your monthly repayments. They offer to pay standard valuation fees and will pay the legal fees for standard remortgaging as long as you use their choice of solicitor.

Second charge mortgages

If you need to borrow more but are happy with your current mortgage and don’t want to give it up, a second charge mortgage could be a good option. This allows you to take out a separate second loan secured against your property, so you can release more equity from your home without interfering with your current mortgage deal.

Loan to value ratio

Loan to value (LTV) ratio lets you see how much you can borrow with a particular mortgage product. It tells you the maximum amount you will be allowed to borrow as a percentage of the market value of the property in question.

So, if you apply for a mortgage product with a maximum LTV of 75% with respect to a property worth £100,000, the most you would be allowed to borrow will be £75,000. Lenders will usually offer better interest rates on mortgages with a lower LTV, although various factors can affect this.

Find the best deals on mortgage rates

Many people struggle to know which mortgage products offer the best value. Our free mortgage calculator makes it fast and simple to compare mortgages from leading providers so you can see which offer the most competitive rates while matching your borrowing needs.

To use our mortgage calculator, head to the top of the page and plug in some basic information, including how much you would like to borrow and how long you plan to repay over. You will then see a range of suitable mortgages so you can make an informed decision.

Independent Mortgage Advice

Remortgaging is particularly popular at the moment as interest rates are low.

Click to call

Whether it will be a good idea for you to remortgage depends on a number of factors, including your goals and your personal circumstances.

However, in general, if interest rates are lower than you are currently paying on your mortgage, it may be a good time to remortgage.

If interest rate are higher than you are currently paying, it may be better to look at other options, such as a second mortgage or a personal loan (if you aim is to borrow more).

If you are not sure whether now is the right time to remortgage, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.