Ulster Bank options for first-time buyers

Tanya Waters, mortgages product manager, outlines the options at Ulster Bank.

“As a first-time buyer, when you choose amortgage, you will have to decide on your interest rate.You will be offered a choice of a fixed, variable, discount or tracker rate.Ultimately, your choice of rate, together with the length of your mortgage will affect the amount you will have to repay each month'‘ she said.

“Other options to consider include early repayment charges, these are charges applied for moving lender or mortgage type, whether ...