Investment mortgage - Rates

Invest in a property to rent out.

Rates correct as at 5th May 2010 and are subject to change.

Mortgage type	Ongoing rate after initial deal period	The overall cost for comparison is	Early repayment charge
Investment Fixed rate until 30/06/2012	4.00% variable for the rest of the term	4.50% APR variable	3% of outstanding balance if you repay prior to 30/06/2012
Initial rate 5.89% fixed until 30/06/2012 LTV: 70%
An early repayment charge is payable if the mortgage is paid, in part or full, before 30 June 2012. The cost of a valuation of a property is approximately £190 which is payable by you. An arrangement fee of £999 is payable on this Investment Fixed rate mortgage. Example: for a capital and interest Investment 2 Year Fixed mortgage, where LTV is 70% or less, for £100,000 over 25 years. Monthly payments during the fixed rate period - £637.59. Monthly payments at current standard variable mortgage rate - £534.07. Total amount repayable - £163,704.48. 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 70% of LTV. Ask for a personalised Key Facts Illustration from any Ulster Bank branch. (Ref: fix6084)

Mortgage type

Ongoing rate after initial deal period

The overall cost for comparison is

Early repayment charge

Investment Fixed rate until 30/06/2012

4.00% variable for the rest of the term

4.50% APR variable

3% of outstanding balance if you repay prior to 30/06/2012

Initial rate
5.89% fixed
until 30/06/2012
LTV: 70%

An early repayment charge is payable if the mortgage is paid, in part or full, before 30 June 2012. The cost of a valuation of a property is approximately £190 which is payable by you. An arrangement fee of £999 is payable on this Investment Fixed rate mortgage.

Example: for a capital and interest Investment 2 Year Fixed mortgage, where LTV is 70% or less, for £100,000 over 25 years. Monthly payments during the fixed rate period - £637.59. Monthly payments at current standard variable mortgage rate - £534.07. Total amount repayable - £163,704.48.

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 70% of LTV. Ask for a personalised Key Facts Illustration from any Ulster Bank branch.

(Ref: fix6084)