Ulster Bank expected to return to the broker market for the first time since 2008

Ulster Bank expected to return to the broker market for the first time since 2008

Ulster Bank is set to unveil plans to sell mortgages via brokers for the first time in seven years next month.

The bank’s return to the broker market is its latest attempt to boost its business, after it cut mortgage rates and launched a range of incentives for mortgage customers.

Ulster Bank exited the broker market in 2008. It will unveil its plan for its return at a meeting with brokers on April 14th.

It is understood that the bank will work initially with around 40 brokers, with the Dublin and Cork markets receiving primary focus.

It is also expected that brokers will receive 1% commission from the bank for mortgage deals.

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