*2 Adults and 2 children family.  Allowable expenditure is assesed in line with the Insolvency Service of Ireland guidelines on reasonable living expenses. These Guidelines can be found on www.citizensinformation.ie

** A maxmimum of 15% of debt repayment affordability is allowed for short term debt repayments

*** This example results in a monthly shortfall of €167

**** Following the financial assessment, Ulster Bank agreed to temporarily reduce the monthly mortgage repayment to €1,333 for six months.

In this example it is important to understand that the reduced repayment is less than the amount required to cover the monthly mortgage payment. Therefore the mortgage balance and the interest due will continue to increase until such time as this shortfall is fully repaid.

Every customer's circumstances are different so our Ulster Bank staff will review your situation and then discuss some solutions potentially available to you. Our trained advisors will explain any proposed alternative repayment arrangement and provide you with written details.

The arrangement will then be reviewed by Ulster Bank within six months. As part of this review we will contact you to discuss whether there has been any change in your individual circumstances. That way we can determine whether the alternative arrangement is still appropriate for you.