Ulster Bank Announces New Mortgage Offering

17th May 2010

Ulster Bank has launched a new mortgage package designed to help First Time Buyers on to the property ladder. The discounted variable rate is also available to home movers and is on offer from all 146 Ulster Bank branches in the Republic of Ireland.

The package offers the following features;

• A New Lifetime Discounted Variable Rate of Standard Variable Rate minus 0.76%, currently 3.09% (3.1% APR) for first time buyers and home movers
• €500 cashback for first time buyers who open/switch their current account with a mandated salary to Ulster Bank. Existing current account customers will also be able to avail of this offer
• Home Insurance offer of 12 months cover for the price of 10 with an additional 7.5% discount if the customer takes an Life Assurance policy through Ulster Bank
• Up to 90% LTV available for first time buyers and home movers who have an Ulster Bank current account

Derek Wilson, Head of Lending and Insurance Products at Ulster Bank said, “This package offers choice in the market and real value for potential and existing home owners. We remain committed to building long-term relationships with our customers by providing them with a full range of products and services to suit their individual financial needs.

Further information on these new offers is available in all Ulster Bank branches in the Republic of Ireland or by visiting www.ulsterbank.com