Saturday July 4, 2020

Ulster Bank may seek legal route for arrears cases

Ulster Bank may have to put thousands of mortgage arrears cases into the legal system to meet strict Central Bank targets for finding permanent solutions to unsustainable debts.

15th June, 2013

Ulster Bank is warning it may have to put thousands of mortgage arrears cases into the legal system to meet strict Central Bank targets for finding permanent solutions to unsustainable debts, *The Sunday Business Post* has learned.

The bank is saying that, to meet its regulatory obligations in 2013 to put proposals for sustainable arrangements to half of its borrowers in arrears, it will have to rely on court actions and legal arrangements, such as...

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