I have several RIP mortgages with ICS,I am currently looking to get a PPR mortgage,one of the lenders that agreed to give me a mortgage was ICS,their rate is OK however should I be concerned having all my eggs in the one basket so to speak?
I am aware of cross securitization and will turn them down if that is a condition of the loan but am I doing the right thing or should I go with another lender?
The other lender was Ulster Bank,I would be worried that they would be more prone to increasing the variable rates than an Irish Bank as they would not be bothered by political pressure or public opinion as they are a foreign owned entity.
Thanks in advance for your advice.
I am aware of cross securitization and will turn them down if that is a condition of the loan but am I doing the right thing or should I go with another lender?
The other lender was Ulster Bank,I would be worried that they would be more prone to increasing the variable rates than an Irish Bank as they would not be bothered by political pressure or public opinion as they are a foreign owned entity.
Thanks in advance for your advice.