Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of the Banking Sector in Ireland (Resumed): Ulster Bank
2:00 pm
Mr. Jim Brown:
Switching activity across both markets has been relatively subdued in the mortgage area, predominantly due to the fact that a significant number of customers have gone into negative equity as a result of falling property prices. However, we allow customers to apply to port their mortgages in cases of negative equity.
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