Former head of Ulster Bank regrets offering 100% mortgages

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The former head of Ulster Bank has said that he regrets offering 100% mortgages because of the impact they had on the property sector. Cormac McCarthy said that allowing customers to borrow the entire price of a house led banks to become too exposed to the property market. Mr McCarthy was chief executive of Ulster…

The post Former head of Ulster Bank regrets offering 100% mortgages appeared first on MyHome.ie Advice & Blog.

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