Ulster Bank raises fixed mortgage rates by 0.75% via IrishTimesBiz
In a statement, the lender said it would “honour the original rates” offered to such customers if they have already applied, even if they have not yet received a formal loan offer.
“Customers with fixed rates expiring in November or December 2022 will also be able to access existing rates up to the date of expiry of their current rate, in recognition of the fact that they may have planned to select one of our existing rates but may not have actioned that yet.” Last week, Ulster Bank announced that it is opening an initial redundancy programme as part of its withdrawal from the Irish market, which is expected to see 600 staff leaving the UK-owned lender on a voluntary basis from next March.
Permanent TSB is in the process of taking over close to €7 billion of mortgage and small business and asset finance loans from Ulster Bank.
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