Nonbank lenders accounted for €20bn of credit to households and SMEs in 2023
Report by Banking and Payments Federation Ireland highlights increasing presence in Irish residential and SME market
ICS Mortgages
ECB rate cut: what’s in it for me?
Q&A: Latest fall in interest rates will save tracker mortgage customers €33 a month per €100,000 balance on their loan, but other borrowers may have to wait to benefit
Stopgap mortgages remain a bridge too far for Irish banks despite new ICS product
Banks still chastened by the crash are unlikely to offer such financing
ICS revives bridging loans ‘to ease bottleneck’ in second-hand home market
Short-term property loans essentially disappeared in the wake of the property crash
Bankinter’s Irish loans rise 41% amid plans for bank branch
Spanish lender’s Irish unit saw its pretax profit jump 20% to €20m in the first half of year
ICS Mortgages cuts rates for buy-to-let borrowers
Non-bank lender says buy-to-let rates would be reduced by 0.15 per cent from August 1st
ECB rate cut emboldens nonbank mortgage lenders to return from the cold
Nonbank lenders are targeting niche markets as banks still hold whip hand on the most competitive interest rates
ICS Mortgages to cut rates and lend up to age 80 in bid to rebuild market share
Firm had pulled back from lending as ECB interest rates soared
Switching your mortgage: Incentives are on the rise, so is now the time to change?
Homeowners need to balance the allure of enhanced cashback offers against the rates of offer and the prospect of cuts in the months ahead
PTSB most exposed Irish lender to competitive threat from Spanish move into market
Bankinter’s Avant Money is looking to expand its product and service offerings as it becomes a bank branch, beginning initially with deposits
Non-bank lenders ICS Mortgages and Finance Ireland reboot loans offering
Firms had tightened lending conditions and increased interest rates amid ECB hikes
Banks’ focus will shift to investor paybacks in 2024 even as ECB cuts rates
Analysts mark down profit expectations for Irish lenders as interest rate dynamics mean lower return on excess savings and more competition
Light at the end of the tunnel for mortgage customers of credit servicing firms
New initiative will allow account holders to switch to mainstream banks to escape higher interest charges
New supports for vulnerable mortgage borrowers welcomed
Framework will allow more people to save money by switching from credit service providers to mainstream banks
Bank of Ireland’s new mortgage lending more than doubles in first quarter
But bank saw decline in UK and international corporate lending during the period
ICS Mortgages looks for bigger share of market after raising €500m
Dilosk, the parent of ICS, marketed bonds backed by a portfolio of existing owner-occupier mortgages
ICS Mortgage’s parent bond deal lifts competition hopes
Cantillon: Nonbank lenders had been expected to help fill the void after the departure of Ulster Bank and KBC Bank from Irish market
Dilosk seeks to raise €540m to reboot owner-occupier lending
Non-bank lender marketing bonds backed by portfolio of existing ICS Mortgages loans to source capital for new lending
ICS Mortgages hikes interest rates for home loans
Rate changes will be applicable to all variable rate and new fixed rate applications from May 1st
Irish monthly mortgage payments rose 12% ahead of ECB rate hikes
Bank lobby group says higher home deposits or longer mortgage terms are the best ways to cut level of monthly payments
Only 1% of mortgage holders likely to switch lenders despite potential savings
Almost nine out of 10 customers would save average of €90 per month if they switched, says Daft
ICS Mortgages announces another interest rate hike
Non-bank lender says move reflects ongoing upward pressure on cost of financing
Uptick in Irish short-term mortgage arrears gives reason for caution
Cantillon: Banks tighten lending criteria amid signs households struggling with monthly repayments
Irish mortgage arrears fall to 12-year low even as cost of living surges
Fall in arrears comes even amid cost of living crisis
Bank of Ireland to tighten home lending criteria amid rising rates
Debt ratings firm DBRS says rising rates and living costs may lead to rise in Irish mortgage arrears
Irish mortgage market is shrinking but there are reasons to be hopeful
Higher rates and less choice loom in the near term for borrowers as KBC and Ulster Bank exit but there’s scope to attract new entrants
Interest rate spike sees ICS Mortgages take cautious approach to new lending
ICS has pressed the brakes on new mortgage lending
ICS Mortgages increases its fixed interest rate for homeowners
Move is a result of ‘considerable rate movements’ in capital markets, lender says
ICS cuts mortgage rates to match or better lowest in market
Lender looking to grow its home loan market share as KBC and Ulster Bank exit Republic
Dilosk confirms entry to owner-occupier mortgage market
ICS will offer lowest variable rate in market and fixed rates starting at 2.55%
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