A new mortgage lender is set to enter the Irish market, raising the prospect of a ‘mortgage war’ here.
Avantcard, a subsidiary of Spanish banking group Bankinter, is poised to begin operations in Ireland in the very near future.
The new lender’s opening salvo to the overpriced Irish mortgage market is its less-than-two-percent interest rate, which massively undercuts the over-inflated interest rates normally offered by Irish lenders that have been ripping customers off for decades here.
Experts now believe that a ‘mortgage war’ is brewing in the Irish market, with Avantcard set to take a prominent position in the coming months.
Tell us your thoughts in the Facebook post and share this with your friends.