Light Boxes - Mortgages | Ulster Bank

Light Boxes - Mortgages | Ulster Bank

Light Boxes - Mortgages | Ulster Bank

What's the offer?

We'll pay the legal and valuation costs on a standard remortgage (up to £190). The valuation fee is negotiable for properties valued in excess of £1 million.

What's a standard remortgage?

A standard remortgage is when you're not moving home but want to move your mortgage to us from another lender. To get free valuation and legal fees the following must take place:

  • Ulster Bank must select a solicitor to act on your behalf

  • Ulster Bank must instruct a "drive-by" valuation or a standard valuation depending on the Loan to Value of your property. If you want to have a Homebuyers report or a Structural report you can do so at your own expense

Exclusions:

This offer is not valid for the following situations:

  • A property where Ulster Bank already hold the mortgage. We have a 'switcher' process for customers wishing to switch from one type of ulster Bank mortgage to another, please contact us.

  • A property which you do not currently own, or one owned by a limited company or trust.

Get an Agreement in Principle

What is an Agreement in Principle?

It is an important step in applying for a mortgage. It gives an indication of whether we could lend you the amount you need to borrow. We use a soft credit check to do this, which has no impact on your credit file.

When you speak with a customer adviser, either on the phone or in your local branch we could let you know within 10 minutes if we could lend to you. We will just need some details of your income and commitments from you to help with our decision.

Get an Agreement in Principle

Documents you will need for your mortgage appointment

 

  Existing Ulster Bank Customer New Ulster Bank Customer

Proof of identity

Passport, driving licence, utility bill

No Yes

3 months banks statements

For all current accounts including business

Only for accounts with other financial institutions Yes

3 recent payslips

Yes Yes

Any existing mortgage statements

Yes Yes
Details of any rental income Yes Yes
Any credit card/store card statements Yes Yes

 

Further documents needed for a self build mortgage

  • If building your own home, planning permission and a copy of your fixed price contract with your builder
  • If building by direct labour, a letter from a architect/engineer or surveyor detailing and outlining build costs and confirming that the property can be completed in full within the proposed build cost may be provided instead
  • A letter to confirm that construction is supervised from outset to completion by an architect or chartered building surveyor who is in possession of suitable professional indemnity insurance

Please contact us to find out what documentation we need for a self build mortgage

 

Documents needed if self employed, a sole trader of Director of a Ltd company

 

  • Either 2 years audited accounts certified by an accountant and signed by you or 2 years SA302s (these can be obtained from HMRC)
  • 3 months business bank statements

 

Get in touch Call us today

Call 0800 046 6486

 

Lines are open: 

Mon & Fri 8.30am - 8pm

(excluding bank holidays)

Calls may be recorded. Calls from mobile phones may not be free.

Mortgage guide Other costs to consider

Building's Insurance - For any mortgage you have to have buildings insurance. You may be offered it from your mortgage provider but it can pay to shop around to find the best policy for you. If your property is leasehold and you pay a management or maintenance fee, check to see if you’re already covered.

Solicitor's fees - for the legal work involved in buying your new home (and selling your current home if you have one)

Stamp duty - this is the tax you pay when you buy a property

Valuation fees - if your mortgage lender charges to value your new home

Survey charges - if you decide to get a structural surveyor to check your new home for defects and problems before you go ahead

Moving costs - if you want to hire a van, use a removal firm or store your things for a while

Estate agent's fees - are paid by the seller rather than the buyer

 

Mortgage guide When do your mortgage payments start?

When making your application, you can choose the date each month your mortgage payment is taken.

Get in touch Call us today

Please call us on 0800 046 6486 to make an appointment

 

Lines are open: 

Mon & Fri 8.30am - 8pm

(excluding bank holidays)

Calls may be recorded. Calls from mobile phones may not be free.

Why choose us?

We offer the same great mortgage rates to new Ulster Bank customers and to our existing customers so when you’re fixed term ends, you can choose the best deal to suit your circumstances - Product fees may apply

Help anytime - flexible mortgage appointments to suit your needs

When you choose a mortgage with us, we'll pay the mortgage valuation fee - Exclusions may apply

When you switch your residential mortgage to Ulster Bank we won't charge you legal fees for a standard remortgage provided our nominated solicitor is used

Managing your mortgage Will I be notified my deal is ending?

2 months before your mortgage deal is due to end we will send you a reminder letter advising you of your current balance and remaining term.  This letter will also explain how you can view the range of mortgage rates available for you to choose from.  

If your deal is due to end soon and you've not yet received this letter, please contact us to discuss your options.

 

Call our team on 028 9027 6431

Lines are open:
Mon to Fri 9.00am - 5.00pm
(excluding bank holidays)
Calls may be recorded
Calls cost up to 10p per minute plus up to 16p connection charge from BT lines
Calls from other networks may vary

Get in touch
Co-Ownership Scheme How to apply for a co-ownership mortgage

Co-ownership Housing can be contacted by via freephone 0800 333 644 or via their website www.co-ownership.org. Calls from mobiles may not be free.

Co-Ownership Housing will ask you to complete an application form and if your application is accepted you will receive a Co-Ownership Letter of Offer.

Find out more and start your application

This link is to a non Ulster Bank website. Ulster Bank is not liable for the accuracy of the information provided on this website.

Your Loan to Value (or LTV) is the size of your mortgage as a percentage of the value of your property.

For instance, if you have £60,000 mortgage and your home is worth £100,000, your LTV is 60%.

Negative Equity mortgages Trading down example

If you current home is worth £125,000 with an outstanding mortgage of £175,000:

  • Your negative equity is £50,000
  • Your existing loan to value is 140%

If you purchase a new home at £100,000:

  • Together with the negative equity of £50,000 this gives a total new mortgage of £150,000
  • Your new loan to value is 150%

Mortgage options:

  • You have the option to keep your existing mortgage rate on any amount up to the value of your new outstanding mortgage balance (£150,000 in this example)
  • Or if you prefer you can choose from any of our 90% loan to value rates for the full new mortgage amount
View our mortgage rates
Negative Equity mortgages Trading up example

If your mortgage is £175,000 and your home worth £125,000, your negative equity is £50,000.

Your loan to value is 140%.

If you purchase a new home valued at £200,000 you will need a £10,000 deposit and additional mortgage borrowings of £65,000.

Your new mortgage will be £240,000. As your new home of worth £200,000, your negative equity is now £40,000.

Your new loan to value is 120%.

 

Mortgage options:

  • You have the option to keep your existing mortgage rate on any amount up to the value of your current outstanding mortgage balance (£175,000 in this example)
  • You could choose from any of our 90% loan to value rates for any amount exceeding your current outstanding mortgage balance or if you prefer you can choose one of these rates for the full new mortgage amount. Please note an Early Repayment Charge would be payable if you are not at the end of your fixed rate term.
View our mortgage rates

Making an overpayment on you mortgage

If you wish to make an overpayment please call our team on the number below.

Please have your mortgage account number ready.

Phone: 0345 300 6086

Opening hours:
Mon-Fri 8am-8pm
Sat 9am-4pm
Excluding public holidays
Calls may be recorded
Calls cost up to 10p per minute plus up to 16p connection charge from BT lines
Calls from other networks may vary

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