Ulster Bank tracker Rates

Discussion in 'Tracker mortgages - other than redress issues' started by Ravima, 3 Jul 2018.

  1. Ravima

    Ravima Frequent Poster

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    Can anyone advise what the UB tracker rates are for UFIRST accounts? I have one at .75% above ECB and (whilst in current climate this is fantastic), should it be .65 due to the UFIRST account, as there is supposed to be a .10% reduction on UFIRST.
     
  2. Ravima

    Ravima Frequent Poster

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    2,385
    Update. I got a letter from UB and my interpretation is they cannot say whether I am on correct rate or not! Does anyone have a copy of the early UFirst booklet that was issued? My memory is that is said you were entitled to the .10% discount.
     
  3. SaySomething

    SaySomething Frequent Poster

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    465
    To qualify for the UFirst discount you had to have the account before you took out the mortgage. The discount was automatically applied when you drew down on the mortgage and written into your mortgage contract. It's not marked as a UFirst discount on your mortgage contract it's simply marked as your tracker rate.

    If you had a UFirst account when you took out your mortgage then the prevailing tracker rate at the time was 0.85% and you are on a discounted rate.

    You can't get the discount applied if you take out a UFirst account after you drew down on the mortgage.

    Bear in mind that the UFirst account has a charge of €14 per month at the moment so depending on the amount on your mortgage this preferential rate may not be worth it to you.
     
    Ravima likes this.
  4. Mark Watson

    Mark Watson Registered User

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    42
    Through the tracker ordeal but despite phoning and writing cannot get my .85 rate confirmed and am a ufirst (lol) customer. Anyone else in this boat?
     
  5. notabene

    notabene Frequent Poster

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    287
    Do you have your original mortgage contract? It should be written in that
     
  6. WizardDr

    WizardDr Frequent Poster

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    1,110
    notabene likes this.
  7. RichInSpirit

    RichInSpirit Frequent Poster

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    My most recent statement from Ulster bank has the interest rate at 1.15% whereas I believe my rate should be 1.12%.
    I know it's a tiny difference but still feeling a bit aggrieved.