Dáil Éireann Debate, Wednesday - 15 April 2015
152. Deputy Pearse Doherty asked the Minister for Finance his views that the sale of the ICS distribution platform has in any way contributed to greater competition for those seeking a mortgage on principal dwelling homes; and if he will make a statement on the matter. [14365/15]
Amharc ar fhreagraAt the time of its acquisition of the ICS distribution platform, Dilosk Limited stated the following on its web site:
"The Company will offer mortgages to borrowers seeking to purchase or refinance residential property with a particular focus on residential investment properties (i.e. Buy-to-Let). "
This is an important segment of the overall residential mortgage market. With the reduced number of lenders currently operating in the market, any new entrants are welcome as they will obviously increase competition to the ultimate benefit of the consumer over time.
