Banking Lorcan Allen: Bankinter has its work cut out to bring real competition to Ireland’s mortgage marketThe Spanish lender will need time to grow its market share in Ireland as it seeks to erode the dominance of the two big pillar banks
Banking ‘Unequivocally good news’ - business groups react to new entrant into Irish banking space News that the Spanish firm Bankinter is to open here broke this morning
Banking Spain’s Bankinter to enter Irish marketThe bank would be the first new entrant since 2005 after a series of exits following the financial crash
Analysis Analysis: Revolut has talked the talk on mortgages - but can it walk the walk?Fintech’s claim that anything Irish banks can do, it can do better, will be put to the test in its ambition to enter the mortgage market
Banking AIB Group announces 50 per cent increase to mortgage switcher paymentWeeks after cutting its rates for green mortgages by 0.2 percentage points AIB has announced switchers will be paid €3,000
Economy Mortgage interest growth slowed in February with rate cut ‘relief’ on the horizon Newly agreed mortgages came with an average interest rate of 4.29 per cent as Irish consumers continue to pay more than their EU counterparts
Banking Credit union home lending rose 53% to €484m in 2023Business loans rose by 11 per cent to €162 million last year, with the average loan size increasing to €22,000
Banking Credit union mortgage lending set to surpass €150m this year Approvals are on course to exceed €150 million for the full year, up from €8.1 million in 2018
Mortgages First-time buyers fuelling a surge in mortgage approvals – BPFIMover purchaser mortgage applications had their lowest February since 2016
Banking PTSB announces reduced mortgage rates for new customersDecrease is not likely to trigger further interest rate cuts across the market, with the ECB not expected to reduce interest rates until June
Banking AIB to return €1.7bn in cash to shareholders after posting record profits of more than €2bnThe lender confirmed it is also in talks with the government to launch a €1bn targeted share buyback scheme this year
Housing Mortgage approvals down 11.8% in January despite first time buyers surge 61 per cent of mortgages approved in January were for first-time buyers – an annual increase of 4.7 per cent
Financial Services Money Advice acquired by Karl Deeter’s mortgage fintechThe Karl Deeter-led firm has acquired the financial and mortgage advisor platform for an undisclosed sum
Banking Credit Union loan books rise to €500m amid mortgage lending surgeNew Irish League of Credit Union results revealed a 2.2 per cent increase in lending overall
Mortgages Analysis: Paying a mortgage into your 80s? Forget about it! For now at least...Brokers say Irish lenders will likely look to extend age criteria for mortgage products in light of legal battles and rising home ownership ages
Mortgages Mortgage lenders offer cash bonuses to tempt switchers Doddl.ie found the difference between the lowest and highest mortgage rate on offer was 3.3 percentage points
Banking New lender MoCo to offer mortgages that can be paid up to age 80The Austrian owned mortgage provider launched in Ireland last month with five-year fixed rates starting at 4.5 per cent
Regulation Michael McGrath to use legislation advancing through Dáil to tackle Ombudsman loopholeThe finance minister said he was also looking at claims that vulture funds were circumventing legislation by transferring legal title
Regulation Michael McGrath commits to closing loophole that leaves mortgage holders in the lurchThe finance minister said he was speaking with the ombudsman and legal advisers to ‘identify a way forward’