Central Bank warns that mortgage cashback deals carry risks
The admission came after a member of the Central Bank’s board warned that such cashback incentives were “a way of getting around” Central Bank rules
The Central Bank has said there are risks associated with the practice of mortgage lenders offering cashback products to homebuyers, as competition for market share heats up in the mortgage lending market.
The admission came after a member of the Central Bank’s board warned that such cashback incentives were “a way of getting around” Central Bank rules and asked whether “this could potentially distort the market”.
The warning is contained in the minutes of...
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply