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 […]
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First Active
First Active Ceases Operating in Ireland
With Halifax announcing this week it was pulling out of Ireland – next week First Active will cease operations in Ireland. The First Active closure did not have as much effect – because they have merged some operations with Ulster Bank . Both Ulster and First Active banks are owned by Royal Bank of Scotland. […]
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More Banks not joining Irish Guarantee Scheme
Ulster Bank and First Active today confirmed that they will not be participating in th Irish government guarantee scheme. They join HBOS and IIB who also declined to join the guarantee scheme. Ulster and First Active are part of the Royal Bank of Scotland group The group said that following a detailed review of the […]
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Irish Guarantee extended to HBOS, RBS, IIB and Postbank
The Irish Government’s guarantee scheme is to be extended to foreign-owned banks with “significant” operations in the State, the Minister for Finance Brian Lenihan said today. In a statement the Minister said Ulster Bank and First Active (owned by Royal Bank of Scotland); Halifax and Bank of Scotland; (owned by Halifax Bank of Scotland) , […]
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Who Offers Tracker Mortgages in Ireland ?
Many mortgage lenders have withdrawn tracker mortgages in 2008. According to the Irish Independent – Bank of Ireland and ICS are going to do the same – and stop offering tracker mortgages to new customers from October 10th. Ulster Bank and First Active stopped offering new tracker mortgages back in September 2008. Tracker mortgage rates […]
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