3,600 Ulster Bank Customers Are Facing An Uncertain Future
Thousands of non-performing mortgages are being sold by the Bank
90 per cent of those being prepared for sale are for family homes, the remaining loans are for buy to let properties.
It's one of the largest sales of such loans to date and the value of the mortgages total 900 million euro.
Of the 3,600 loans included in the portfolio, 3,200 are family home mortgages.
Business Journalist, Gavin Mc Loughlin says banks are required to reduce the number of non-performing loans on their balance sheet:
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