A new mortgage lender about to enter the market?

[Brendan Burgess]

According to the Indo





First Citizen’s business was formed in 2012 when Permanent TSB’s asset financing arm was sold off in a €287m management buyout deal led by Mr Hanlon and backed by Deutsche Bank.
...

Mr Hanlon said the firm had already carried out the necessary market research for expanding into mortgages but wouldn’t launch a new product until the current uncertainty around Covid receded.

 

[gargoil7]

Thanks Brendan for sharing the high level extract, given the Indo paywall.

Mr Hanlon said the firm had already carried out the necessary market research for expanding into mortgages but wouldn’t launch a new product until the current uncertainty around Covid receded.

I'd image Covid uncertainty will likely take quite some time more to recede so it's unlikely to be Q1 or Q2 before any new product is launched.

 

[Interest%]

According to the Indo





First Citizen’s business was formed in 2012 when Permanent TSB’s asset financing arm was sold off in a €287m management buyout deal led by Mr Hanlon and backed by Deutsche Bank.
...

Mr Hanlon said the firm had already carried out the necessary market research for expanding into mortgages but wouldn’t launch a new product until the current uncertainty around Covid receded.

Hi Brendan, any timeline on when they will be announcing their rates.

Thanks

 

[Lucius Lamb]

First Citizen has yet to decide if it will enter the mortgage market. Might be a while before we know the rates (assuming they decide to launch)