Banks fear Danske coup with 2.6% mortgage rate

Big bank mortgage lenders are increasingly fearful that new entrant Danske Bank will undercut them by introducing a standard 2.6 per cent rate mortgage rate for all mortgage lenders.

6th August, 2005

A move on this scale by the National Irish Bank owner would shake up the Ir ish mortgage market and force the big lenders to pare their large mortgage margins to the lowest ever levels.

All the Irish banks have been scrutinising Danske Bank in its home market as they attempt to second guess how the Danish bank will price its mortgages when it launches here next spring. Irish banks currently earn a margin of...

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