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Another Summer of uncertainty for Ulster Bank tracker customers - Pearse Doherty TD

26 July, 2017 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty TD has said it would appear that the vast majority of Ulster Bank’s tracker mortgage customers will have to wait out another summer before the bank starts to provide redress to them.

Deputy Doherty said:

“It is clear from correspondence received by my office and my colleagues that the situation for victims of Ulster Bank’s tracker mortgage is still far from resolved. The families affected are facing into another summer where they are will simply have to wait to get what is rightly theirs.

"Frustration is building as customers trying to find out when they will receive their redress or simply hear from the bank are being fobbed off with pro-forma replies. 

"In some cases the families are in mortgage arrears and seeking some relief from the same bank which is dragging its feet on restoring their rights. That is an intolerable situation.

"It is now 7 months since the Ulster Bank CEO told me in December that the customers would be dealt with before Christmas. It is now the height of summer and no resolution is in prospect for most. Ulster Bank pulled out of a meeting with the Finance Committee last month that could have teased out some of these issues.

"It is clear that public pressure causes the banks to move faster. Political pressure must be kept up on the banks and it seems Ulster Bank in particular to do the right thing and to do it without further delay.”

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