“The company has written to brokers today who will advise their clients as required,” it said.
Finance Ireland, which entered the mortgage market in 2018 and currently accounts for about 5 per cent of new home lending activity, uses the broker channel to sell its products. More than 80 per cent of Finance Ireland’s loan applications in the past year have been for fixed terms of 10 years or more, as customers look to lock in certainty in a period of widely forecasted interest rate increase, according to the company.
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