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First Trust Bank

ABOUT First Trust Bank

First Trust Bank is based in Northern Ireland and is part of the Allied Irish Bank Group.

First Trust Bank mortgages have the flexibility to make your property plans happen, whether you’re buying for the first time, moving home, re-mortgaging, or buying a second property.

The main mortgage options from First Trust Bank are:

Discount Extra Mortgage
FlexiTracker Mortgage
Discount Freedom Mortgage
Fixed Rate Mortgage

First Trust Bank is part of the AIB Group, Allied Irish Banks, p.l.c.

First Trust Bank Mortgage Products

Discount Extra: this mortgage reduces your initial monthly payments for the first 3 years. The interest rate is set at the standard variable rate less a discount. After this set period the rate reverts to the First Trust Bank standard variable rate. Interest is calculated on an annual basis. An early repayment charge applies for the first 3 years of the mortgage. An arrangement fee is applicable. FlexiTracker: this mortgage features a tiered variable interest rate depending on the amount you borrow. The mortgage rate is set at an interest margin above the current Bank of England base rate for the term of the mortgage. Interest is calculated on a daily basis.
Low start option: you pay back ‘interest only’ payments for up to the first 3 years of your mortgage. Thereafter you make repayments of both capital and interest for the remainder of the mortgage term. An arrangement fee for this option applies. No early repayment charge for full or part repayment of the mortgage. Discount Freedom: this mortgage is a variable interest rate designed to reduce your initial monthly mortgage payments, it is the standard variable rate less a discount for the first 2 years. After the 2 years discounted period, the mortgage rate reverts to the standard variable rate. No early repayment charge for full or part repayment of the mortgage. No arrangement fee. Interest is calculated on an annual basis.
Fixed rate: set for a 3 year period. At the end of the fixed rate period, the interest rate reverts to the First Trust FlexiTracker mortgage rate. Low start option: this option enables you to pay back ‘interest only’ payments for the fixed rate period. Thereafter you make repayments of both capital and interest for the remainder of the mortgage term. An early repayment charge applies for the term of the fixed rate. You can take up to 2 holiday payments each year when no mortgage repayment is made. First Trust spread the annual payments required over 10 or 11 months instead of the usual 12. If you are interested in a mortgage quotation including those offered by the First Trust Bank please complete our quick enquiry form.
Other mortgages offered by First Trust include: Professional Package Mortgage Site Purchase and Self Build Low Start Mortgage Homes in the RoI Professional Package mortgage: specifically designed to help young professionals get a foot on the housing ladder. You can borrow up to 4 times your income Get up to a 30-year term: extending the term of your mortgage will allow you to reduce your monthly payments which is useful in the early years of the loan when your income may be lower. Low Start option: as above, for the first three years of your mortgage you only pay back interest on the mortgage. After that, you make payments of both capital and interest for the remainder of the mortgage term. The outstanding interest on your mortgage is calculated daily. Site Purchase and Self Build: First Trust Bank offers a range of mortgage products for site purchase and self-build projects. Each proposal is considered on its own merits and once building work is underway, you can draw your mortgage in stage payments. The site purchase mortgage enables self builders to purchase the site on which a dwelling is to be built. Maximum loan to value of 80%. Minimum borrowing of £30,000. Low Start option available on FlexiTracker mortgage You can choose from the standard variable rate mortgage, FlexiTracker mortgage, Discount Freedom, Discount Extra Homes in the Republic of Ireland Mortgage: a package designed specifically for First Trust customers who work in Northern Ireland but want to have their primary residence in the Republic of Ireland. Interest is calculated daily, so any capital reductions give immediate benefits. Up to two holiday payments each year - you decide which months. No early repayment charge.

First Trust Bank Mortgage Products

Discount Extra: this mortgage reduces your initial monthly payments for the first 3 years. The interest rate is set at the standard variable rate less a discount. After this set period the rate reverts to the First Trust Bank standard variable rate.

Interest is calculated on an annual basis. An early repayment charge applies for the first 3 years of the mortgage. An arrangement fee is applicable.

FlexiTracker: this mortgage features a tiered variable interest rate depending on the amount you borrow. The mortgage rate is set at an interest margin above the current Bank of England base rate for the term of the mortgage. Interest is calculated on a daily basis.

Low start option: you pay back ‘interest only’ payments for up to the first 3 years of your mortgage. Thereafter you make repayments of both capital and interest for the remainder of the mortgage term. An arrangement fee for this option applies.

No early repayment charge for full or part repayment of the mortgage.

Discount Freedom: this mortgage is a variable interest rate designed to reduce your initial monthly mortgage payments, it is the standard variable rate less a discount for the first 2 years. After the 2 years discounted period, the mortgage rate reverts to the standard variable rate.

No early repayment charge for full or part repayment of the mortgage. No arrangement fee. Interest is calculated on an annual basis.

Fixed rate: set for a 3 year period. At the end of the fixed rate period, the interest rate reverts to the First Trust FlexiTracker mortgage rate.

Low start option: this option enables you to pay back ‘interest only’ payments for the fixed rate period. Thereafter you make repayments of both capital and interest for the remainder of the mortgage term.

An early repayment charge applies for the term of the fixed rate.

You can take up to 2 holiday payments each year when no mortgage repayment is made. First Trust spread the annual payments required over 10 or 11 months instead of the usual 12.

If you are interested in a mortgage quotation including those offered by the First Trust Bank please complete our quick enquiry form.

Other mortgages offered by First Trust include:

Professional Package Mortgage
Site Purchase and Self Build
Low Start Mortgage
Homes in the RoI

Professional Package mortgage: specifically designed to help young professionals get a foot on the housing ladder. You can borrow up to 4 times your income

Get up to a 30-year term: extending the term of your mortgage will allow you to reduce your monthly payments which is useful in the early years of the loan when your income may be lower.

Low Start option: as above, for the first three years of your mortgage you only pay back interest on the mortgage. After that, you make payments of both capital and interest for the remainder of the mortgage term.

The outstanding interest on your mortgage is calculated daily.

Site Purchase and Self Build: First Trust Bank offers a range of mortgage products for site purchase and self-build projects. Each proposal is considered on its own merits and once building work is underway, you can draw your mortgage in stage payments.

The site purchase mortgage enables self builders to purchase the site on which a dwelling is to be built.

Maximum loan to value of 80%.
Minimum borrowing of £30,000.
Low Start option available on FlexiTracker mortgage

You can choose from the standard variable rate mortgage, FlexiTracker mortgage, Discount Freedom, Discount Extra

Homes in the Republic of Ireland Mortgage: a package designed specifically for First Trust customers who work in Northern Ireland but want to have their primary residence in the Republic of Ireland.

Interest is calculated daily, so any capital reductions give immediate benefits. Up to two holiday payments each year - you decide which months. No early repayment charge.

Current First Trust Bank Mortgage Offers

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