As part of our regular review of our mortgage exceptions, we are initiating changes to our Ulster Bank toolkit to manage our compliance with the Macro Prudential mortgage limits for 2021.
We have made a change to the minimum requirements for First Time Buyers (FTBs) seeking an LTI exception. There is also a change to minimum requirements for Second and Subsequent Buyers (SSBs) seeking an LTI exception. Your Relationship Manager can advise you of the detail in relation to these changes.
There are no changes for SSB customers seeking a LTV exception. The revised toolkit will be available from tomorrow morning on the Ulster Bank Intermediary website.
All fully completed applications currently in the Broker Support Unit will progress on the current toolkit. Any new applications received from the 20th April will have to be completed on the new toolkit.
Head of Broker Operations