Which bank introduced 100% mortgages?

Brendan Burgess

Founder

Messages

53,770

• 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.

Click to expand...

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.

 

L

LDFerguson

Registered User

Messages

4,719

• 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.

 

B

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

 

P

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.

 

P

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

Click to expand...

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

tonka said:

The bubbles expands even more

Click to expand...

tonka said:

The insane in headlong pursuit of the insolvent .

Click to expand...

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

 

D

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!