Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I welcome Mr. Brown and his team here today. I think he has been quite candid in all matters with the exception of Priory Hall. Perhaps he has been candid in that. Before we get into some of the numbers, it is worth recognising the improved performance of the bank. No doubt the members of the delegation have all been working very hard on that.

I acknowledge the 0% offered on the split mortgage. It is very important and I am delighted to see that Ulster Bank is doing it unlike Bank of Ireland which is pretending to have a split mortgage product. I had not heard of the economic concession product and have not gone through the numbers on it but Mr. Bell says it works out better in terms of repayments for the consumer so I acknowledge and recognise that Ulster Bank is being creative in bringing in things that are better for the consumer than the split mortgage. I think I am right in saying that Ulster Bank is allowing people to move house and keep their tracker mortgages. Is that correct?