Avant’s low-rate mortgages could spell trouble for banking's big two
Forgoing cash-back gimmicks to concentrate on competitively priced loans, the new contender aims to make serious inroads into the mortgage market
“It’s easy to grow a loan book, not as easy to grow a profitable one,” one senior banker observed earlier in the summer after hearing about Avant Money’s plans to begin mortgage lending.
Last week, the company, which is part of BankInter, the Spanish financial services giant, took a swipe at Irish banks as it unveiled the details of its mortgage offering. Customers who do not require a loan...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Goodbody staff will still get bonuses as €135m takeover by AIB is approved
Stockbroker will not be subject to 89 per cent bonus tax but bankers’ pay cap will stay in place as part of deal, Minister for Finance says
Davy hit with record €4.1m fine for market breaches
The penalty over an Anglo Irish Bank bond trade is the largest ever issued to a stockbroker in Ireland
Bank of Ireland to shutter a third of its branch network across the island
Some 88 branches in the Republic and 15 in Northern Ireland will be closed this year