The interest rate on a Northern Bank Variable Rate Mortgage changes in line with general interest rate movements. During periods of falling interest rates, the monthly repayments on a variable rate loan will fall. When interest rates rise, however, the monthly repayments will also rise.
There are no restrictions on making overpayments or lump sum payments on our Variable Rate Mortgages, and as interest is calculated daily, this means you get the benefit straight away.
There are no early repayment charges on our Variable Rate Mortgages.
Northern Bank offers Mortgages to both new and existing customers. Ask for a Key Facts Illustration at any Northern Bank Branch.
See our Variable Interest Rates.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Read this important information about mortgages.