Media Coverage
- Solution Needed - Nov 16th
- Drawdowns to Drop - Nov 15th
- Rental Taxing Problem - Nov 15th
- Property Questions - Nov 6th
- Switching Mortgage Option - Oct 30th
- Better Home-Loans - Oct 15th
- Lifestyle Mortgages - Oct 15th
- Overhaul Your Mortgage - Oct 11th
- Calls for Creativity - Sep 29th
- Mortgage Malfunction - Sep 27th
- Mortgage Lockdown - Sept 20th
- Benefit from Price War - Aug 24th
- Boom-era mortgage products - Aug 16th
- Loyalty Doesn´t Pay - Aug 2nd
- Brokers predict €4.7bn - July 2nd
- Beware of Banks - June 23rd
- Draw up battle plan - June 21st
- Long hard look - June 19th
- ´Glitzy´ Bank Offers - June 09th
- Applicants beware - June 09th
- Buyers taken in - June 09th
- Moving back home - June 09th
- Escape route - June 07th
- Mortgage approvals up - May 29th
- Stop repossession cases - May 13th
- Buy your dream home - Apr 26th
- Market needs competition - Apr 23rd
- Too old for a mortgage - Apr 22nd
- Dubliners hammered - Apr 19th
- Government grants - Apr 17th
- Business & Leadership - Nov 14th
- Business World - Nov 13th
- Key to Best Mortgage - Nov 13th
- Deposits too High - Nov 12th
- Lack of Knowledge - Nov 12th
- Mortgage Insurance - Nov 5th
- Mortgage Ready? - Aug 10th
- On the Move - July 6th
- Government Scheme - May 18th
- Mortgage Reduction - May 11th
- BOI Pay Stamp Duty - April 03rd
- Change in tack - Mar 28th
- Approvals Up 33% - Mar 28th
- Rent of Buy - Feb 16th
- Lack of houses - Feb 06th
- Lenders Cautious - Jan 19th
- Look Before you leap - Jan 19th
- Current Accounts - Jan 19th
- Use your lump - Jan 12th
- €10 Billion Target - Jan 07th
- Market Short - Jan 07th
- Borrowing Average - Jan 07th
- New House Rules - Dec 22nd
- Market Shift - Aug 04th
- Buyers Back - Aug 04th
- Mortgages Deals - June 16th
- Ban Split Mortgages - June 12th
- Split Mortgages - June 11th
- Call for ban - June 11th
- Worrying Slump - May 21st
- Borrowers Sinking? - May 12th
- Harder then Ever - May 9th
- Signs of Competition - May 7th
- Insolvency Plan? - Apr 15th
- Personal Insolvency - Apr 14th
- Stressed Borrowers - Jan 10th
- Labour Warning - Mar 10th
- Mortgage Surge - Jan 10th
- Lenders Returning - Dec 15th
- Buy To Let - Dec 3rd
- Approvals Rise - Nov 30th
- AEMA Comments - Nov 29th
- Relief Panic - Nov 27th
IRELAND’S MORTGAGE MARKET NEEDS COMPETITION
Written by Robert McHugh, on 23rd Apr 2015. Posted in General
The Director of the Association of Expert Mortgage Advisers (AEMA), Ken Murray has today claimed that no amount of political pressure will force the bank to reduce SVR mortgage rates.
Murray has claimed that that the proposal to increase bank levies is not the answer instead Murray suggests competition will be the true driver of rates.
According to Murray, "Surely there is an opportunity for a new or even existing lender to come in and dominate this market by offering rates that are considerably more competitive than those currently on offer. KBC are currently enjoying considerable market share. Why? Because their rates are so competitive. If a bank wants market share all they need to do is price it aggressively and they could very easily get a strong footing in this market.
The news that AIB are likely to cut rates soon is to be welcome and I would hope that is the start of a movement not just from AIB but from all of the lenders in the market. We still have some way to go to compare with our Euro zone counterparts but any reduction has to be welcomed. The key too is that it would appear this move will be to the benefit of all AIB customers and not just of new customers.”
For more visit: www.businessworld.ie
