Are NIB part of the new bank code of ethics?

[mloc]

Are they adhering to the same rules as AIB, BOI etc when it comes to keeping people on trackers etc when they are in financial difficulty?
I wasn't sure because they are Danish owned. (ie non Irish owned)

 

[Brendan Burgess]

Yes, the Code of Conduct on Mortgage Arrears is not voluntary. It applies to all mortgage lenders in Ireland.

The Deferred Interest Scheme recommended by the Expert Group on Mortgage Arrears is voluntary.

 

[mloc]

Thanks Brendan.