Ulster Bank is launching two broker exclusive products for intermediaries in Northern Ireland.
They are a three-year fixed rate mortgage and a three-year fixed rate remortgage – both offering an initial rate of 3.99%, go to rate is 4% variable; APR is 3.9%, with a 70% LTV.
The remortgage product does not have an arrangement fee with the mortgage product having one of £499.
There are also no valuation fees to be paid on either product and the legal fees are free on the remortgage product, if the buyer uses an Ulster Bank arrangement.
As part of this latest mortgage push, Ulster Bank is also introducing a £500 cash-back incentive for remortgagers who have a new or existing current account with the bank.
Steve Carruthers, Ulster Bank’s head of intermediary mortgages for Northern Ireland, says: “In addition to offering a competitive and exclusive broker rate, we are making it easier and more efficient to switch by removing fees and costs for re-mortgagers.
“We are strongly committed to helping homebuyers and movers where we can. We continually focus on introducing innovative products and initiatives that help people who want a mortgage and this is the latest stage of that approach.”