Ulsterbank turns up the heat in the mortgage rate-war

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Ulsterbank turned up the heat in the mortgage rate war by reducing prices on a suite of their rates. The piece by Charlie Weston in the Independent also mentioned Yes.ie in it.

Karl Deeter, of online mortgage company Yes.ie, said the cuts represent the latest shot to be fired in the mortgage rate war.

“In response to Avant Money’s European-style rates, Ulster Bank has had to respond and now it means that other lenders are under even greater pressure to follow or beat these rates.”

He said this means customers will win. But they have to switch lender is they are paying high rates.

The trend in mortgage rates is downward and we believe that is likely to remain in the near future, that means it is a good time to switch away from higher rates to the newer lower rates on offer.