Revolut set to enter mortgage market for first time

By |2023-09-22T08:47:03+00:00September 22nd, 2023|Banking, Financial Planning, Mortgages|

Revolut is set to begin selling mortgages. The financial payments company says it is hiring staff with mortgage products in mind, although it has not put an exact timeline on its market entry. The company’s intention to enter the Irish mortgages market was first revealed by the Irish Independent 10 months ago. "We're focused on

Ulster Bank loses appeal over tracker mortgage refunds and compensation

By |2023-06-26T08:31:27+00:00June 26th, 2023|Banking, Mortgages|

Ulster Bank has lost its High Court appeals against findings that two borrowers were entitled to tracker mortgage refunds and compensation. Ms Justice Marguerite Bolger on Thursday dismissed the appeal against two decisions made by the Financial Services and Pensions Ombudsman (FSPO), which the lender said could affect thousands of its customers. The bank failed

TDs asked to dial down discussion of mortgage relief as ministers seek creative solution

By |2023-05-15T08:23:42+00:00May 15th, 2023|Mortgages|

Government TDs are being asked not to encourage talk of mortgage interest relief being restored in the wake of the seventh ECB rate hike since last summer. Ministers are telling them that increased home-loan service costs will be “looked at in the lead-up to the Budget”. The Department of Finance has anticipated increased interest rates

BOI’s Blunder Sparks Fears For Borrower Credit Ratings

By |2023-04-14T09:11:50+00:00April 14th, 2023|Banking, Mortgages|

A blunder on around 35,000 KBC mortgages transferred to Bank of Ireland has led to fears the borrowers' credit ratings may be impacted. The mortgage 'start date' was incorrectly entered into Bank of Ireland systems, and as a result, the lender did not submit the data to the Central Bank's Central Credit Register (CCR). And Bank of

How to shape up your finances to secure a mortgage on that home

By |2023-02-17T10:41:19+00:00February 17th, 2023|Lifestyle Financial Planning, Mortgages, Personal Finance|

“Want to go halves on a mortgage?” This tongue-in-cheek pick-up line on dating apps from millennials sums up a property market so unaffordable that house prices are now almost eight times the average salary. A desperation among millennials to escape stratospheric rents meant the number of first-time buyers drawing down mortgages soared last year to levels last

Central Bank does not want powers to stop vulture funds charging sky-high mortgage rates

By |2023-02-13T11:48:48+00:00February 10th, 2023|Banking, Mortgages|

THE Central Bank has told the Minister for Finance it does not want powers to cap the interest rates that vulture funds can charge mortgage holders. It comes as thousands of borrowers are at risk of going into arrears as they are being charged rates as high as 7pc by vulture funds that bought their

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