Ulster Bank tracker loan sale talks ‘ongoing’ as wind-down gathers pace

Ulster Bank has also told customers to “get ready” to change bank and for further changes as it winds down its business ahead of exiting the Republic.

While Ulster said no action is currently required by customers, before early 2022, it is “encouraging” customers to consider their options, avail of supports and “get ready to choose a new banking provider, particularly for customers’ current and deposit accounts.”

Talks surrounding the sale of Ulster Bank’s tracker mortgage book remain “ongoing” ahead of the lender’s exit from the Republic.

Parent company NatWest said Ulster Bank’s phased withdrawal from the Republic continues, with progress having been made on sales of differing aspects of its loan book to AIB and Permanent TSB (PTSB) in recent months.