Tuesday September 22, 2020

Ulster Bank offers rate cut deal to customers

Almost 4,000 distressed Ulster Bank mortgage customers have availed of a so-called economic concession.

21st September, 2014

Almost 4,000 distressed Ulster Bank mortgage customers have availed of a so-called economic concession' product offering them a substantially reduced interest rate as a route out of arrears, *The Sunday Business Post* has learned.

The product offers interest rates of as low as 0.5 per cent for up to seven years for customers in arrears.

Bank sources revealed that economic concession arrangements had been struck with about 3,700 Ulster Bank customers in mortgage arrears by the end...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago