Mortgage market: changing but remains competitive

  • Sectors : Banks
  • Companies : permanent tsb Group | AIB Group | Bank of Ireland


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 242c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 583c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 171c


The Irish mortgage market continues to undergo significant structural change. The rise of non-bank lenders, together with the increasing role of intermediaries, results in a new lending market that will continue to be competitive – in line with our expectations for the market. Non-bank lenders expanded significantly during 2021 and also innovated in terms of products on offer. On an overall basis, increased new lending and growth in stock (for the first time since 2008) should offset the competitive dynamics.

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Mar 1 2022, 06:45 GMT