MORTGAGE brokers and banks have reported a surge in Ulster Bank homeowners making inquiries about switching providers. Brokers at MyMortgages.ie said they have received an influx of calls from Ulster Bank mortgage holders asking whether they should move their mortgage to a different lender. Will I end up with a vulture fund?”He said there was a “definite reluctance” for customers to go with Ulster Bank despite it having good home-loan products. One major Irish bank, which did not want to be named, said it was seeing a surge in inquiries from companies asking about moving their business banking to it. The Irish League of Credit Unions said the likely closure of Ulster Bank and the expected culling of some Bank of Ireland branches meant people should consider using credit unions instead.

Source: Irish Independent February 17, 2021 22:21 UTC