Oireachtas Joint and Select Committees
Wednesday, 4 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Ulster Bank
3:25 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
The national industrial wage is approximately €37,000. Let us round it up to €40,000. A couple with one person earning just over the national industrial wage of €40,000 and with a partner working part time on €20,000 has €60,000 gross coming into the house every year. They would have to meet the 10% deposit themselves. In principle, what level of mortgage would be given to the couple under the criteria applied by Ulster Bank?
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