Brendan Burgess
Founder
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This could be a consideration for people taking out a mortgage now. For example, someone who has an Irish Nationwide or Bank of Scotland mortgage, will never be able to get a top-up mortgage.
If I was taking out a mortgage, I would look for a lender who would still be active after 5 years if I was looking for a top-up.
This is my personal opinion but I would be interested to see if there are any other views on the topic.
AIB & Bank of Ireland|committed to Ireland for the long term
ICS| Bank of Ireland would like to sell it - see below
Ulster Bank| next most likely. Still developing products such as the portable tracker
PTSB| Depends on whether they can develop a profitable model. Could be wound up
NIB and KBC | Their owners could pull out of Ireland at any time.
EBS| No future for them as a separate brand
If I was taking out a mortgage, I would look for a lender who would still be active after 5 years if I was looking for a top-up.
This is my personal opinion but I would be interested to see if there are any other views on the topic.
ICS| Bank of Ireland would like to sell it - see below
Ulster Bank| next most likely. Still developing products such as the portable tracker
PTSB| Depends on whether they can develop a profitable model. Could be wound up
NIB and KBC | Their owners could pull out of Ireland at any time.
EBS| No future for them as a separate brand