Last edited by a moderator: Dec 20, 2017 Credit unions to take on banks with mortgage lending offers https://www.independent.ie/business...ks-with-mortgage-lending-offers-36420248.html Loan rates are expected to be in line with the average offered by banks, but will not undercut them, a person familiar with the situation said. Global loan servicing firm Link ASI, which used to be called Capita, has been signed up by the league to provide administrative services for the loan offering. The underwriting and assessing of the applications will be done by Link ASI, but the final decision on whether to grant the mortgage will be made by the individual credit union, and the funds will come off that credit union's balance sheet. Current rules mean credit unions can only issue 10pc of their individual loan books in long-term lending, such as mortgages. However, the Central Bank is reviewing these rules, and a successful mortgage pilot project will be key to persuading regulators to relax the rules.