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Call for conditions to be attached to sale of KBC mortgages to Bank of Ireland

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Brendan Burgess of the Askaboutmoney.com website.

Brendan Burgess of the Askaboutmoney.com website.

Brendan Burgess of the Askaboutmoney.com website.

The takeover of KBC mortgages and deposits by Bank of Ireland should have conditions attached to it if it is approved by the competition authority, a consumer advocate has argued.

The Competition and Consumer Protection Commission (CCPC) has opened an early-stage examination of Bank of Ireland’s plan to buy KBC’s Irish mortgages and take on savings.

Consumer advocate Brendan Burgess says the CCPC must insist that existing mortgage customers of Bank of Ireland (BoI) are offered the same rates and incentives provided to new customers of BoI if the deal is to be approved.


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