Ulster Bank cuts variable rates

Brendan Burgess

Founder
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41,553
A bit of an odd headline as it applies to all customers.


Ulster Bank cuts rates for those not refixing mortgages

Ulster Bank has cut the rates to which its fixed mortgage customers move if they choose not to re-fix again at the end of the term.

Until now, customers who decided not to continue with a fixed rate rolled to a standard variable rate of 4.3%.

However, the changes mean that from now on, customers will move to one of a range of lower variable rates, depending on what their loan to value (LTV) ratio is.

These range from 3.5% for a 60% LTV, to 3.7% for an 80% LTV and 3.9% for a 90% LTV.
 

Brendan Burgess

Founder
Messages
41,553
Actually, maybe the headline does make sense.

The rates are still very high so anyone who wants a variable rate should go for AIB at 2.75% for a low LTV rate.

But it's good for those who took out an Ulster Bank fixed rate mortgage and didn't get around to choosing a new rate when the fixed rate ended.

Brendan
 
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