Should Ulster Bank customers fix now for a long period?

[SPC100]

I might even request a break fee and see if I can start a new two year one now if the break fee is low or zero.

Should UB customers look to fix for a longer period of time right now? Given most folks don't overcome the intertia to switch. From the table above 2 or 5 years at 2.2% seems to be the lowest rates on offer.

If a wind down will take years, do we expect UB to remain competivie on mortgage rates during their winddown?

 

[Brendan Burgess]

A few very interesting points there.

UB could start hiking their rates to encourage borrowers to switch.

I doubt that they will, but they might stop trying to be competitive.

Brendan

 

[SPC100]

Won't they eventually sell their loans at a profit? If so, wouldn't it make sense to stay competivite? to keep customers or even to expand their loan book?

If they start being less competivie, they would start to loose 'good loans', and would be stuck with 'bad loans', which would presumably reduce the overall price they would get for their loan book?