Ulster Bank to appeal tracker mortgage ruling

Last month, judge dismissed Ulster Bank’s appeals against the ombudsman’s findings that two borrowers were entitled to tracker mortgage refunds and compensation

Ulster Bank, which is part of the NatWest Group and is exiting the Irish market, said in its latest annual report that the outcome of the cases 'may have a materially adverse impact' on the firm. Picture: Collins 

Ulster Bank intends to appeal against a High Court ruling that upheld the entitlement of two borrowers to tracker mortgage refunds and compensation.

The High Court decision could have implications for other tracker mortgage customers.