Lending Limits on Mortgages

New regulations were announced in 2015 by the  Irish Central Bank that set lending limits for mortgages in Ireland .  These mortgage lending regulations first came into force in February  2015 and were amended slightly in January 2017. They will also have a small change in Jan 2018 (see below) The lending restrictions relate to […]
Continue reading…

 

Ulster Bank Mortgage Undercharging Error

It has recently come to light that some Ulster Bank mortgage customers in Ireland have been undercharged on their mortgages. The problem affects  some customers who were on an “Interest Only” mortgage which was supposed to revert to a normal repayment mortgage after a specific time period . In some cases the change to capital […]
Continue reading…

 

Ulster Bank Compensation Details

Ulster Bank have finally announced details of compensation arrangements for Republic of Ireland customers affected by the IT problems in June and July of this year. Ulster Bank have always stated that “no one will be left permanently out of pocket”. Refunds:  The bank states that any  fees and interest that were charged as a […]
Continue reading…