News Formal

Finance Ireland suspends longer term mortgage products

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 61%

Business News News

Non-bank lender Finance Ireland has announced that it is temporarily suspending the offer of fixed rate mortgage products of periods of 10 years or more to new applicants.

However, it said it plans to reopen applications for such products"in due course when more normal markets return".

"Applicants for relevant fixed rate products which have received an offer will be processed as normal but new applications will not be accepted for the time-being," it said.At the time it was the twice the maximum length of any mortgage currently available in the market.At the start of October, Finance Ireland said it was raising its variable and fixed rates by between 1.5% and 2%.

McGovern said there are 30-year term mortgages still available in the United States, despite the fact that rates have increased.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Ireland ‘temporarily’ pulls its most popular longer-term fixed-rate loansTerms of 10 or more years will not be offered
Source: IrishTimes - 🏆 3. / 98 Read more »