Useful information

First Time Buyers Momentum mortgage - Momentum options

Our Momentum mortgage makes it easier to get onto the property ladder.

Rates correct as at 28th January 2010 and are subject to change.

Mortgage type Ongoing rate after initial fixed period Overall cost for comparison Early repayment charge
Discounted Variable Momentum rate (discount on our standard variable rate) 4.00% variable for the rest of the term 3.90% APR variable 3% of outstanding balance if you repay prior to 31/03/2015
Initial rate
3.45% variable
until 31/03/2015
LTV: 95%

An early repayment charge is payable if the mortgage is paid, in part or full, before 31 March 2015. A valuation fee is paid by Ulster Bank Limited. An arrangement fee of £295 is payable on this Discounted rate mortgage.

Only available for new customers purchasing a property through the Momentum scheme.

Example: Monthly payments during the discounted rate period - £497.95. Monthly payments at current standard variable mortgage rate - £522.60. Total amount repayable - £155,596.00.

The ratio of loan required to property value or purchase price, whichever is lower is known as Loan to Value (LTV). Maximum mortgage available is up to 95% of LTV. The actual rate depends on your circumstances. Ask for a personalised Key Facts Illustration from any Ulster Bank branch.

5% deposit provided by the developer

        

(Ref: var4929)

Mortgage type Ongoing rate after initial fixed period Overall cost for comparison Early repayment charge
Momentum Fixed rate until 31/03/2015 4.00% variable for the rest of the term 4.70% APR variable 3% of outstanding balance if you repay prior to 31/03/2015
Initial rate
5.39% fixed
until 31/03/2015
LTV: 95%

An early repayment charge is payable if the mortgage is paid, in part or full, before 31 March 2015. A valuation fee is paid by Ulster Bank Limited. An arrangement fee of £295 is payable on this Fixed rate mortgage.

Only available for new customers purchasing a property through the Momentum scheme.

Example: Monthly payments during the fixed rate period - £607.54. Monthly payments at current standard variable mortgage rate - £540.06. Total amount repayable - £166,361.80.

The ratio of loan required to property value or purchase price, whichever is lower is known as Loan to Value (LTV). Maximum mortgage available is up to 95% of LTV. The actual rate depends on your circumstances. Ask for a personalised Key Facts Illustration from any Ulster Bank branch.

5% deposit provided by the developer

        

(Ref: fix4930)


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE