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Aug 5 2021, 08:25 IST/BST
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|Bank of Ireland||OUTPERFORM||11/03/13||Neutral||14/08/12||488c|
|permanent tsb Group||OUTPERFORM||04/02/21||Neutral||06/03/19||142c|
The announcement by ICS Mortgages sees its rates move to the lower end of the market, better positioning it for the exits of Ulster Bank Ireland and KBC Bank Ireland. The mortgage market remains competitive as lenders position for the large upcoming changes in market structure. The longer-term prospects for the market hinge more on housing market activity; a revised housing plan is due from the government shortly that could provide a key catalyst for increased activity and mortgage lending.