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Ulster Bank mortgage customers urged not to panic

Feb 18, 2021 15:18
By Shannonside News
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Ulster Bank mortgage customers urged not to panic

Ulster Bank Mortgage customers are being urged not to panic amid concerns its Irish operations are to be wound down.

The bank has a 15 per cent share of the mortgage market here.

The board of its parent company Nat West is to meet this evening to make a decision, with a formal announcement expected tomorrow.

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The bank may appoint an agent to run off its loans or it may sell its loan book.

Consumer Expert Sinead Ryan says it's more likely the loans will be sold.

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