Oireachtas Joint and Select Committees

Thursday, 13 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Ulster Bank

11:05 am

Mr. Stephen Bell:

Essentially, it is about the payment the customer can afford over the lifetime of the loan that can only be made with a more substantial restructuring. Then we show the options to achieve this outcome, the first of which is a split mortgage, while the other is an economic concession. The customer then has the choice of what suits his or her preference. It is very much a choice-based outcome for the customer.

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