Finance Ireland have made the decision to cease residential mortgage lending in the Irish market until they can return to a position where they can compete more effectively on pricing.
Once Irelands largest residential non-bank lender, the Finance Ireland team have always been hugely innovative in the mortgage space. They introduced longer term fixed rate products, portability of rate during a fixed term and products which reduced rates as your loan to value improved.
These products and features were all firsts for the Irish mortgage market and show that non-bank lenders have a place in the market, bringing much needed choice.
Finance Ireland will no longer accept new applications and have set out timelines for applications in their pipeline to complete.
Existing Finance Ireland mortgage holders will have their mortgages serviced by Pepper Advantage.
Finance Ireland will continue to focus on their highly successful non mortgage related lending.
