Fixed Rates - Mortgages | Ulster Bank

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Fixed Rate Mortgages explained

Your home may be repossessed if you do not keep up repayments on your mortgage.


Ulster Bank mortgages are available for over 18s.

Our range of fixed rate mortgages

If you choose one of our fixed rate mortgages, it may make budgeting and planning ahead a little easier as the repayment amount is fixed for an initial term

  • You can choose to fix your rate for 2 or 5 years
  • Our rates vary depending on the loan to value of your mortgage
  • During this period, your monthly mortgage payments will stay the same, even if interest rates go up or down
  • You may have to pay a product fee, depending on the mortgage you choose
  • 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

What happens after the fixed rate period ends?

We will write to remind you your initial fixed term is coming to an end, you can choose to either:

  • Let your rate switch to our flexible Standard Variable Rate.  As Standard Variable Rate is not linked to the Bank of England base rate, the rate can increase and decrease at any time even if there is no change in the Bank of England base rate.
  • Choose another fixed rate mortgage for a set period of time. You may have to pay a product fee, depending on the mortgage you choose.

Who can choose a fixed rate mortgage?

  • Our fixed rates are available to both new and existing Ulster Bank mortgage customers
  • They are perfect for anyone who likes to know exactly how much they need to pay each month
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