Momentum Mortgage - Momentum options

Our Momentum mortgage, which is available on certain properties in participating developments, makes it easier to get onto the property ladder.

Rates correct as at 10th February 2012 and are subject to change.

Mortgage type	Ongoing rate after initial deal period	The overall cost for comparison is	Early repayment charge
Discounted Variable Momentum rate (discount on our standard variable rate)	4.00% variable for the rest of the term	4.00% APR variable	3% of amount repaid if you repay prior to 31/05/2017
Initial rate 3.79% variable until 31/05/2017 LTV: 95%	4.00% variable for the rest of the term	4.00% APR variable	3% of amount repaid if you repay prior to 31/05/2017
An early repayment charge is payable if the mortgage is paid, in part or full, before 31 May 2017. 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: for a capital and interest 5 Year Discount Variable Momentum mortgage, where LTV is 95% or less, for £100,000 over 25 years. Monthly payments during the discounted rate period - £516.31. Monthly payments at current standard variable mortgage rate - £525.86. Total amount repayable - £157,480.00. 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. Ask for a personalised Key Facts Illustration from any Ulster Bank branch. 5% deposit provided by the developer. You'll only pay your deposit back if the property value grows by 5% or more after five years. (Ref: var4929)
Mortgage type	Ongoing rate after initial deal period	The overall cost for comparison is	Early repayment charge
Momentum Fixed rate until 31/05/2017	4.00% variable for the rest of the term	5.00% APR variable	3% of amount repaid if you repay prior to 31/05/2017
Initial rate 5.99% fixed until 31/05/2017 LTV: 95%	4.00% variable for the rest of the term	5.00% APR variable	3% of amount repaid if you repay prior to 31/05/2017
An early repayment charge is payable if the mortgage is paid, in part or full, before 31 May 2017. 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: for a capital and interest 5 Year Fixed mortgage, where LTV is 95% or less, for £100,000 over 25 years. Monthly payments during the fixed rate period - £643.69. Monthly payments at current standard variable mortgage rate - £544.89. Total amount repayable - £169,690.00. 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. Ask for a personalised Key Facts Illustration from any Ulster Bank branch. 5% deposit provided by the developer. You'll only pay your deposit back if the property value grows by 5% or more after five years. (Ref: fix4930)

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