Tag Archives: ulsterbank

Thousands hit by Ulsterbank rate hike

Tuesday, May 31, 2011

We were mentioned in an article by Charlie Weston in the Irish Independent about Ulsterbank. They have decided to jack up their variable interest rate by 0.6%, our response is below: Karl Deeter, director of operations at Irish Mortgage Brokers, said the move by Ulster Bank meant it now had one of the highest variable rates in the market. “This increase means there is no safe haven for borrowers if you do not have an existing fixed rate or a tracker,” he said. This accurately reflects our sentiments on the matter, there are effectively no ways for consumers to protect themselves.

Filed in Accountancy, Advisors.ie In the Press, Debt, Mortgages | Also tagged , , , , , , , , | Comments (0)

New blow for homeowners as Ulster Bank hikes fixed rates

Tuesday, February 22, 2011

rish Mortgage Brokers director Karl Deeter said the bank was effectively now out of the fixed-rate market, as new customers could only get a fixed rate if they were borrowing less than half of the value of the home. He added that only a small number of existing borrowers would qualify for a fixed rate, but with the rates so high nobody would take them up.

Filed in Accountancy, Advisors.ie In the Press, Banking, Fixed Rates, Mortgages | Also tagged , , , , | Comments (0)