Brendan Burgess
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A bit of an odd headline as it applies to all customers.
Ulster Bank cuts rates for those not refixing mortgages
Ulster Bank has cut the rates to which its fixed mortgage customers move if they choose not to re-fix again at the end of the term.
Until now, customers who decided not to continue with a fixed rate rolled to a standard variable rate of 4.3%.
However, the changes mean that from now on, customers will move to one of a range of lower variable rates, depending on what their loan to value (LTV) ratio is.
These range from 3.5% for a 60% LTV, to 3.7% for an 80% LTV and 3.9% for a 90% LTV.
Ulster Bank cuts rates for those not refixing mortgages
Ulster Bank has cut the rates to which its fixed mortgage customers move if they choose not to re-fix again at the end of the term.
Until now, customers who decided not to continue with a fixed rate rolled to a standard variable rate of 4.3%.
However, the changes mean that from now on, customers will move to one of a range of lower variable rates, depending on what their loan to value (LTV) ratio is.
These range from 3.5% for a 60% LTV, to 3.7% for an 80% LTV and 3.9% for a 90% LTV.