Menu
16/02/2012
Housing Market Gets Helping Hand To Start 2012
The local housing market is set to get a kick-start for 2012 with the help of a major campaign by Ulster Bank to stimulate and support demand.
As the post-Christmas period, when housing market activity is generally lower, comes to an end, the bank announces that it is removing arrangement fees across its range of residential mortgage products from today until March 31, 2012.
This follows the success of a similar initiative by the bank during the second half of 2011, which saw an increase in applications of over 25%.
As part of the latest move, Ulster Bank is also reducing rates across its fixed rate products to further motivate local home buyers and re-mortgagers.
The bank is reducing four of its offerings, including a two-year deal for lending up to 75 per cent of the property value which is being cut from 3.35% to 3.19%.
Stephen Cruise, Head of Branch Banking, Private and Financial Planning NI at Ulster Bank said: "Ulster Bank has led the way in making innovative mortgage offerings available and customers are responding to the simple pricing structure, competitive pricing and good service we provide. We would be delighted to see increased demand for mortgages in 2012."
Derek Wilson, Head of Lending Products at Ulster Bank commented: "The success of our initiative in 2011 has shown that there is demand in the market that can be stimulated with innovative initiatives that make life easier for borrowers and deliver significant value. We are confident that we can again encourage and support a significant number of people to enter the housing market, move home, or remortgage to a better deal."
The bank has trained mortgage advisors in every branch to give customers an indication of how much they are eligible to borrow.
Ulster Bank’s reduced rates are launched today and are available through the Bank’s branch and intermediary network across Northern Ireland.
(GK)
As the post-Christmas period, when housing market activity is generally lower, comes to an end, the bank announces that it is removing arrangement fees across its range of residential mortgage products from today until March 31, 2012.
This follows the success of a similar initiative by the bank during the second half of 2011, which saw an increase in applications of over 25%.
As part of the latest move, Ulster Bank is also reducing rates across its fixed rate products to further motivate local home buyers and re-mortgagers.
The bank is reducing four of its offerings, including a two-year deal for lending up to 75 per cent of the property value which is being cut from 3.35% to 3.19%.
Stephen Cruise, Head of Branch Banking, Private and Financial Planning NI at Ulster Bank said: "Ulster Bank has led the way in making innovative mortgage offerings available and customers are responding to the simple pricing structure, competitive pricing and good service we provide. We would be delighted to see increased demand for mortgages in 2012."
Derek Wilson, Head of Lending Products at Ulster Bank commented: "The success of our initiative in 2011 has shown that there is demand in the market that can be stimulated with innovative initiatives that make life easier for borrowers and deliver significant value. We are confident that we can again encourage and support a significant number of people to enter the housing market, move home, or remortgage to a better deal."
The bank has trained mortgage advisors in every branch to give customers an indication of how much they are eligible to borrow.
Ulster Bank’s reduced rates are launched today and are available through the Bank’s branch and intermediary network across Northern Ireland.
(GK)
Related Northern Ireland News Stories
Click here for the latest headlines.
11 August 2008
Irish Building Market Contraction Continues, Says Ulster Bank
Irish building activity felt another sharp decline last month, which led to record job losses, according to statistics published today. Figures provided by the Ulster Bank PMI showed a fourteenth consecutive fall in the market, with a 31.4 reading recorded for July. There has been little fluctuation since June's 29.
Irish Building Market Contraction Continues, Says Ulster Bank
Irish building activity felt another sharp decline last month, which led to record job losses, according to statistics published today. Figures provided by the Ulster Bank PMI showed a fourteenth consecutive fall in the market, with a 31.4 reading recorded for July. There has been little fluctuation since June's 29.
30 March 2010
Ulster Bank 'Opens Door To Homebuyers'
A massive half billion pounds has been pledged to beleaguered first-time buyers trying to get a foot on the rung for homeownership. Ulster Bank is to commit £500m of new mortgage lending to the Northern Ireland housing market over the next 12 months.
Ulster Bank 'Opens Door To Homebuyers'
A massive half billion pounds has been pledged to beleaguered first-time buyers trying to get a foot on the rung for homeownership. Ulster Bank is to commit £500m of new mortgage lending to the Northern Ireland housing market over the next 12 months.
13 August 2008
NI Property Slump 'Faring' Better Than Rest Of UK
Market indicators have suggested the Northern Ireland 'property crash' is experiencing a decelerated pace of decline than other parts of the UK.
NI Property Slump 'Faring' Better Than Rest Of UK
Market indicators have suggested the Northern Ireland 'property crash' is experiencing a decelerated pace of decline than other parts of the UK.
09 February 2018
Rise In NI House Prices
House prices in Northern Ireland have increased, however less properties are going on the market, according to a report. The survey, by the Royal l Institution of Chartered Surveyors (RICS) and Ulster Bank revealed the market in NI is considerably more positive than in some other regions in the UK.
Rise In NI House Prices
House prices in Northern Ireland have increased, however less properties are going on the market, according to a report. The survey, by the Royal l Institution of Chartered Surveyors (RICS) and Ulster Bank revealed the market in NI is considerably more positive than in some other regions in the UK.
09 July 2013
NI Property Market Shows Positive Signs
The Northern Ireland property market appears to be picking up, according to the latest Royal Institute of Chartered Surveyors (RICS) and Ulster Bank Housing Market Survey. The report said the price balance of the latest survey was at its highest in almost six years in June.
NI Property Market Shows Positive Signs
The Northern Ireland property market appears to be picking up, according to the latest Royal Institute of Chartered Surveyors (RICS) and Ulster Bank Housing Market Survey. The report said the price balance of the latest survey was at its highest in almost six years in June.
-
Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
