Which bank introduced 100% mortgages?

Brendan Burgess

Founder

Messages

53,769

• 16 Oct 2008

• #1

Perplexed said in another thread:

I doubt if Irish banks would ever have gotten into 100% mortgages if it hadn't been to keep up with some of the foreign competition.

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Which was the first bank to introduce 100% mortgages? I thought it was permanent tsb?

 

B

Blinder

Registered User

Messages

253

• 16 Oct 2008

• #2

According to this thread it was First Active.

 

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LDFerguson

Registered User

Messages

4,717

• 16 Oct 2008

• #3

Yup - First Active launched their 100% product on 18th July 2005. Before this, a few lenders had been offering 100% mortgages to a small group of professions.

 

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BoscoTalking

Registered User

Messages

318

• 20 Oct 2008

• #4

i thought it was always there but restricted to certain professionals? was i dreaming

 

J

jhegarty

Registered User

Messages

2,964

• 20 Oct 2008

• #5

this was actually the very first thread on the subject:

http://www.askaboutmoney.com/showthread.php?t=12311&highlight=100%

and it was first active

 

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Perplexed

Registered User

Messages

988

• 20 Oct 2008

• #6

Apologies for that. I had always thought it was Halifax ! They had a very aggressive ad campaign that sticks out in my mind.

 

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podgerodge

Registered User

Messages

1,061

• 20 Oct 2008

• #7

From the first thread about 100% mortgages...

Here

Sarah W said:

Would love to guys but I'd have to kill you. But it is good news.

Sarah

www.rea.ie

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Maybe it wasn't such good news in the end!

tonka said:

The bubbles expands even more

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tonka said:

The insane in headlong pursuit of the insolvent .

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Whoever tonka was (banned back in 2005) his comments seem quite intelligent now!

 

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deedee80

Registered User

Messages

441

• 21 Nov 2008

• #8

I remember it so well being announced back in 2005 on the bus to work...thought it was too good to be true!