Ulster Bank have announced that they will increase interest rates for new fixed rate mortgage products by 0.75 per cent.
Since the bank is no longer selling mortgages to new customers the changes will only apply to some existing customers who are changing the product they have, RTÉ reported. Those impacted by the increases will include existing tracker and offset mortgage customers who continue to be able to apply for a mortgage if they are moving home or topping up their loan.
The increased rates will apply to its two, four and seven year fixed mortgages and its four year fixed Green offering, they said, while five and ten year fixed rates have been withdrawn from sale. The changes were applied on Thursday.
