“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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Finance Ireland extends drawdown period for applicantsNon-bank lender Finance Ireland has said it will apply a one-month notice period during which applicants with loan offers for a mortgage can drawdown their loans at lower rates.
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Finance Ireland extends drawdown period for applicantsNon-bank lender Finance Ireland has said it will apply a one-month notice period during which applicants with loan offers for a mortgage can drawdown their loans at lower rates.
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