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Finance Ireland to cut jobs in ‘right-sizing’ of its mortgage team

Firm has raised mortgage rates by up to two percentage points and paused its 20-year fixed offering

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Finance Ireland CEO Billy Kane. Photo: Fennell Photography

Finance Ireland CEO Billy Kane. Photo: Fennell Photography

Finance Ireland CEO Billy Kane. Photo: Fennell Photography

Lender Finance Ireland is cutting jobs in its residential mortgages section as it and other so-called ‘non-banks’ are being squeezed by the rising cost of funds they borrow on the financial markets to lend to consumers.

The finance house, led by former Permanent TSB chief executive Billy Kane, is the country's biggest non-bank lender including car finance and loans to the commercial real estate, farming and small business sectors.


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