Important information about us
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE PREPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Details of our mortgage fees
The fees we may charge for our mortgages are listed below, you may not be charged these fees in all circumstances.
The cost of a valuation of a property is approximately £190. The valuation fee will be paid by Ulster Bank on all residential mortgages and investment remortgages where the property value is up to £1 million. Valuation fee is negotiable for properties valued in excess of £1 million.
For Investment purchase cases the valuation fee is payable by the customer.
Early Repayment Charge
An early repayment charge is due if you repay all or part of your mortgage before the end of the set fixed period. The charge is 3% of the amount repaid, however you can make an overpayment of up to £1,000 each year without any penalty.
These may apply when we arrange your mortgage.
This ranges from £75 to £125, for the legal discharge of your mortgage (not including the solicitor's fees). Refer to your individual Letter of Offer for the actual amount.
For full details, please read our Mortgage Tariff of Charges brochure.
Different mortgages offer different features and you should speak to a Mortgage Adviser at any branch of Ulster Bank for full details and a Personalised Mortgage Illustration (written quotation) on any variable or fixed rate Ulster Bank mortgage.
Existing Ulster Bank mortgage customers looking to switch between Ulster Bank mortgage products should speak to their branch.
The bank observes a strict duty of confidentiality about your financial affairs. We will not disclose details of your accounts or your name and address to anyone else, other than to any confidentially appointed agents acting on our behalf, except in the four cases permitted by law. These are - where we are legally compelled to do so, where there is a duty to the public to disclose, where our legitimate interests require disclosure, where disclosure is made at your request or with your consent.
Formalities include the use of credit reference agencies who will note that an enquiry has been made about you. If you borrow and do not repay in full, within the agreed credit terms, credit reference agencies may be advised and will note the outstanding debt. This may affect any future applications for credit facilities through the Ulster Bank Limited group of companies (Ulster Bank) or other lenders.