Oireachtas Joint and Select Committees

Thursday, 1 December 2016

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

Banking Sector in Ireland: Ulster Bank

9:30 am

Mr. Paul Stanley:

In our response to question 11, we outlined our negative equity customer product. We allow full equity to be ported to a new property, with a new loan to value cap on it at 200%. That is obviously subject to normal repayment capacity. That is how we have tried in part to address the issue the Senator has described.