Revolut sets date to enter Irish mortgage market

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Seen & Heard: Commercial property enforcement actions, IBRC’s Q City sale, further delay to auto-enrolment pensions scheme and accounts for payroll software company Immedis

Seen & Heard: Commercial property enforcement actions, IBRC’s Q City sale, further delay to auto-enrolment pensions scheme and accounts for payroll software company ImmedisThe digital bank, which has 2.7 million users of its payments services in the Republic, has told potential business partners that it will introduce its first home loans in the second quarter of 2025 as it bids to challenge the dominant Irish lenders.

A number of high-profile property sales are expected to close at about 15 per cent below asking price soon and this could lead to technical defaults on other loans in the market, sparking action by the banks, Mr Dolan said. The newspaper understands that liquidators Kieran Wallace and Eamonn Richardson of Interpath Advisory have retailed JLL to seek a buyer for the property, which consists of two blocks with a combined 110,000 sq m of office space.The landmark pensions auto-enrolment scheme looks set to be delayed as part of a number of policy deferrals designed to give businesses a reprieve from looming cost increases, according to the Business Post.

 

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