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
Banks still chastened by the crash are unlikely to offer such financing
Short-term property loans essentially disappeared in the wake of the property crash
Nonbank lenders are targeting niche markets as banks still hold whip hand on the most competitive interest rates
Firm had pulled back from lending as ECB interest rates soared
Agreement is subject to regulatory approval but is expected to close in the coming months
Firms had tightened lending conditions and increased interest rates amid ECB hikes
Lender pulled back on the product category almost two years ago
Minister for Finance among a number of speakers at the Banking & Payments Federation Ireland’s retail banking conference
Dilosk, the parent of ICS, marketed bonds backed by a portfolio of existing owner-occupier mortgages
Cantillon: Nonbank lenders had been expected to help fill the void after the departure of Ulster Bank and KBC Bank from Irish market
Non-bank lender marketing bonds backed by portfolio of existing ICS Mortgages loans to source capital for new lending
Non-bank lender considered home lending after news Ulster and KBC would exit Ireland
Joe Brennan: The ECB will have to move first
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Non-bank mortgage lender rejects speculation that it could soon be taken over
Rival Dilosk sees consildated loans more than double to €566m, new figures show
Lender’s chief executive says mortgage-backed bond investors value Central Bank mortgage rules
Goldman Sachs engaged with number of parties interested in elements of loan book
Company led by Fergal McGrath sees interest income from its buy-to-let business grow
ICS will offer lowest variable rate in market and fixed rates starting at 2.55%
Mortgage lender to refinance portfolio of buy-to-let mortgages
Total loan portfolio now at €600m, boosted by firm’s entry into fresh buy-to-let lending
Securities backed by mortgages originated by GE Capital and Leeds Building Society
Rabobank advances plans to sell €3.2bn former ACC portfolio
Several niche mortgage operators are already in business here, with more on the way
Non-bank lender intends to expand offering in the first half of next year
Lenders expected to have ‘commenced engagement’ with customers by mid 2017
Portfolio comprises 5,000 loans across 3,000 customers
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