Ulster Bank has introduced a suite of changes to its mortgage rates for new and existing customers.

The bank is offering new rates on its variable mortgages of 3.5% for 60% loan-to-value and 3.7% for 80% loan-to-value.

Ulster Bank is also introducing a new fixed-rate product option of 3.2% for customers looking to borrow over €250,000 with 80% loan-to-value.

Maeve McMahon, Ulster Bank’s director of customer experience and products, said that the bank has seen a significant uplift across its mortgage offering, with 56% growth this year.

She added: “The new three-year fixed mortgage rate at 3.2% is available to customers borrowing at least €250,000 with a loan-to-value of 80%, subject to a maximum 3.5 times gross income.” At the end of the fixed-rate term, rates automatically revert to the Ulster Bank Standard Variable Rate – currently 4.3%.

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