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May 13 2021, 15:15 IST/BST
Ratings and price correct at time of issue
Company | Rating | Date | Previous Rating | Date | Closing Price |
---|---|---|---|---|---|
AIB Group | OUTPERFORM | 23/01/19 | Neutral | 14/08/18 | 251c |
Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 512c |
permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 148c |
Long-term mortgage rates have not existed in Ireland – this is now changing, with Finance Ireland offering a viable product. The innovation is made possible because of Finance Ireland’s forward funding model with M&G providing an advantage over traditional bank lending models. Irish borrowers have tended to favour shorter rates, these products are likely to spur changes and expand the re-mortgaging market. Elsewhere, new mortgage market trends confirm the market remains competitive, with exiting banks maintaining share and PTSB and non-lenders growing.
May 13 2021, 15:15 IST/BST