Exit of KBC and Ulster Bank leaves others to hike rates
Mortgage market must be more attractive to foreign lenders
about an hour ago
A KBC Bank branch in Dublin city centre. Photograph: Brian Lawless/PA Wire
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The exit of KBC Bank from Ireland will be a huge blow for their customers and their mortgage customers in particular. KBC’s rates were the lowest in the Irish market. Now they are selling their mortgage book to Bank of Ireland which has the highest mortgage rates.