Oireachtas Joint and Select Committees

Thursday, 5 October 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland (Resumed): Ulster Bank

9:30 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

There are a range of different rates in Northern Ireland and the lowest is a mouthwatering one of 1.48%, where the loan-to-value is less than 6% in which case the rate is offered, on a fixed-rate basis, for two years. What happens at the end of the two-year period? What rate does the customer revert to?

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