Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Ulster Bank

4:30 pm

Mr. Jim Brown:

We are very prudent in terms of our lending. There are certain loan-to-value ratios which we adhere to but more importantly, n the way we calculate the mortgage, we look at affordability, we build in buffers and stress test the loans so that if interest rates rise, the customer can still afford it.

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