Ulster Bank today announced a rate increase of 0.75% on its remaining fixed rate mortgage products here from today.
The bank said the new rates will apply to its two and four year fixed rate mortgages and its four year fixed rate Green mortgage.
It said its seven year fixed rate will be removed from sale, but customers who already have this product will not be affected.
Ulster Bank also said its variable mortgage rates are not impacted by today's increase.
As part of its withdrawal from the Irish market, Ulster Bank no longer accepts applications for mortgages from customers, except for existing customers who wish to switch products.
Ulster Bank said that for existing customers who have applied but have yet to complete their product switch, the original rates will be honoured by the bank.
It added that customers with fixed rates which are due to expire at the end of October will be able to access the original rates, as outlined in their rate expiry letter, until the date of expiry of their current rate.
"This is in recognition of the fact that they may have planned to select one of our existing rates but may not have actioned that yet," the bank stated.
Ulster Bank continues its exit from Ireland, having sold most of its business to Permanent TSB and AIB.
Ulster Bank's Managing Director Personal Banking, Philip Duff, said that if customers have any queries its mortgage team are available for support and further information on 0818 210 275.
