Implication of bank pulling out of market ?

Pjdub22

Registered User
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2
Can anyone tell me what happens to existing mortgages (not in arrears, tracker) when a bank decides to pull out of the market? I've searched the forum not no avail. Thanks.
 
All loan/mortgage contracts will remain valid. T&C's will apply even though some facilities will be managed out by other providers. Eg. in the case of Bank of Scotland exiting from the Irish market, their loan boof is currentky being managed by Certus. However BoS still owns the book and will honour the conditions of approval. That would also apply for Danske/ACC/Other.
 
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