Mortgage market to see more competition

Mortgage market to see more competition

Credit Unions are preparing to enter the mortgage market.

According to the Irish Independent, the financial institution hopes to start lending to homeowners by this time next year.

It means that three new entrants are set to take on the banks.

An Post is widely expected to link up with the Spanish banking giant Bankinter on a new mortgage product.

A third lender Finance Ireland is to target first time buyers, movers and switchers.

More on this topic

Payment 'break' could add €4k to interest for mortgage holdersPayment 'break' could add €4k to interest for mortgage holders

UK's HSBC says it remains open for business across its mortgage deposit rangeUK's HSBC says it remains open for business across its mortgage deposit range

BOI not planning on price war as AIB announce mortgage lending rates cutBOI not planning on price war as AIB announce mortgage lending rates cut

Irish homeowners with €300k mortgage paying €229 more a month than euro area averageIrish homeowners with €300k mortgage paying €229 more a month than euro area average


More in this Section

Dublin among 16 cities to see resumption of Emirates flightsDublin among 16 cities to see resumption of Emirates flights

Virgin Atlantic to resume passenger flights on July 20Virgin Atlantic to resume passenger flights on July 20

€1.64bn tax assessment raised against Perrigo came as a 'surprise', High Court told€1.64bn tax assessment raised against Perrigo came as a 'surprise', High Court told

Ibec warns ‘conservative’ lifting of lockdown will prolong downturnIbec warns ‘conservative’ lifting of lockdown will prolong downturn


Lifestyle

Harpers from Cork and beyond have been making the most of online interaction, and a 240-strong ensemble will perform O’Carolan’s ‘Fanny Power’ this weekend, writes Pet O’Connell.Harps for Hope makes online connections to form 240-strong ensemble

A revamp of Disco Pigs may be on hold, but Corcadorca have developed a new socially-distant work for the residents of various housing estates around Cork, writes Marjorie Brennan.Disco Pigs on hold but Corcadorca to go live for Cork Midsummer

Bernard Wilson has written a children’s book about Mary Elmes, the Cork woman who helped to save hundreds of youngsters from Second World War concentration camps. Rowena Walsh reportsMiss Mary to the rescue: How a Cork women saved hundreds from concentration camps

My teeth have become sensitive lately and the pain can be intense. I’ve swapped my normal toothpaste for a ‘sensitive’ version but it hasn’t made a difference. What would you suggest?Natural health: My sensitive teeth are causing intense pain

More From The Irish Examiner