Tuesday February 18, 2020

Central Bank won’t conduct mortgage pricing review

Sinn Féin criticises regulator over decision not to review different interest rates offered by banks to mortgage holders

5th January, 2020

The Central Bank has ruled out conducting a review of mortgage pricing despite political pressure for it to probe interest rates being charged by lenders.

Irish mortgage interest rates have remained stubbornly higher than those charged in other EU countries and according to the latest Central Bank of Ireland (CBI) figures, are the second highest in the eurozone.

Furthermore, new and existing mortgage customers are often offered different interest rates by lenders.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Chair of the Irish Banking Culture Board says banks are making an effort, but more is needed to repair their damaged reputation

Peter O'Dwyer | 1 week ago

Temenos says its technology will help the financial institutions to add thousands of extra customers

Peter O'Dwyer | 1 week ago

Announcement of additional claims will unsettle a sector that has tried to draw a line under the episode

Ian Guider | 2 weeks ago