| 15.9°C Dublin

Close

Premium

Borrowers risk bigger interest rate hikes from non-banks

With the European Central Bank set for its first interest cost hike in July, there’s a risk non-bank interest rates may rise sooner and to a greater degree than those of banks

Close

Fergal McGrath is CEO of mortgage company Dilosk one of the leading non-bank mortgage lenders. Photograph: Frank McGrath

Fergal McGrath is CEO of mortgage company Dilosk one of the leading non-bank mortgage lenders. Photograph: Frank McGrath

Fergal McGrath is CEO of mortgage company Dilosk one of the leading non-bank mortgage lenders. Photograph: Frank McGrath

The growth of non-bank lenders in the market for home loans is potentially exposing more borrowers to faster and bigger interest rate increases, according to new research from the Central Bank.

Non-bank financial institutions (NBFIs) have expanded significantly in the mortgage market in recent years by acquiring loan portfolios from banks and through aggressive sales via the influential broker channel.


Most Watched





Privacy