It can be hard to meet your monthly repayments especially around busy periods like Christmas. Why not choose to take these months off and pay 10 increased payments instead of the usual 12, giving one less worry during those financially difficult months.

Whether you are thinking of taking a career break or are having a baby, with Ulster Bank's Flexi Mortgage you can alleviate financial strains when income is low by taking a complete break from your mortgage repayments. Provided you have been making monthly payments for 6 consecutive months you can apply for a payment break (subject to conditions and approval). Please note that interest will be added to the mortgage capital during the payment break. The remaining monthly repayments will then be increased so that the mortgage is repaid over the original term.

If you choose the payment-free months option and subsequently revert back to 12 monthly payments, your repayments will be recalculated and reduced accordingly. Interest will still be accrued during payment-free months.