We are initiating changes to our Ulster Bank toolkit in order to manage our adherence to the CBI Mortgage Regulations for 2019. The change is to DSR parameters for Second and Subsequent Borrowers (SSB)seeking an LTV exception. The revised toolkit will be available from the 12th July on the Ulster Bank Intermediary website.
All fully completed applications received into the Broker Support Unit up to Thursday 4th July will be valid on the existing toolkit. Your Relationship Manager will advise you of the detail in relation to these changes.
UB Declaration (September 2018 Version) will be obsolete from 5th July COB and all new applications must be on the December 2018 Declaration. Please dispose of any old versions you have after this date.
If you have any further questions on this communication please contact your Relationship Manager.
Head of Broker Operations