Research highlights low levels of mortgage literacy in Ireland

13 June, 2016: New consumer research has uncovered a serious mortgage literacy problem in Ireland, with almost seven in ten consumers not knowing how much interest they will pay a lender over the life of a mortgage. When asked to calculate the Loan to Value (LTV) for borrowings of €200,000 on a house worth €250,000, almost half (48%) answered incorrectly.

The research was commissioned by Mortgage Brain Ireland, the leading provider of mortgage software for brokers, lenders and consumers, and the company behind the ‘IrishMortgages’app, Ireland’s first free mortgage comparison and calculator app.

Mortgage lenders urged to target cost savings of €12m by 2020

Mortgage Broker representative Group AEMA adopts common electronic mortgage trading platform and calls on lenders to follow lead.

7 June, 2016: The Association of Expert Mortgage Advisors (AEMA), which account for almost 50 per cent of all mortgage broker business in Ireland, has announced that its broker membership is going digital and moving to a common electronic mortgage trading platform. The move is part of AEMA’s industry leadership initiative to target some of the €12 million in cost savings and productivity gains over the next four years that both the mortgage broker and lender industry could achieve if all adopted an industry standard.....