Ulster Bank has developed a flexible mortgage product designed for customers who wish to raise repayments when their means allow. Mortgage-holders who overpay will immediately see either a reduction in interest or the mortgage term shortened.

The mortgage also promises interest rates directly linked to European Central Bank (ECB) rates. For loans of up to 60 per cent of a property's value, rates will fall within a margin of 0.95 per cent of the ECB rate, while loans of between 60 and 90 per cent of the value will be within 1.15 per cent of the ECB rate.