Brokers dump ICS after news of restructuring plan

ICS Building Society suffered a steep drop in loan applications last month after brokers stopped dealing with it in the belief that the sales channel was closed.

21st September, 2013

ICS Building Society, a Bank of Ireland mortgage business, suffered a steep drop in loan applications last month after brokers stopped dealing with it in the belief that the sales channel was closed for business, according to market sources with direct knowledge of the situation.

According to the sources, brokers abandoned ICS after Bank of Ireland announced in July that it would be getting out of the business, as well as British corporate and business...

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