KBC Bank Ireland has said that it is experiencing increased demand for its mortgage products.
According to executive director and head of retail Dara Deering, with confidence returning to the market and increasing demand from first time buyers and trader-uppers, the time was right to strengthen its mortgage offering.
“Confidence is returning to the economy and in urban areas in particular, house buyers are returning to the market because they believe there are increased signs of prices stabilising,” he says.
“With the opening of our new Dublin and Cork offices, we have seen an increase in demand for mortgages in recent months. This has cemented our view that now is a good time to further promote our mortgage offering.
“For loans up to €750,000 KBC is increasing its offering from an 80pc maximum loan to value to a 90pc loan to value. Our interest rates are competitive in the market and, together with dedicated mortgage advisors, we will prove attractive to consumers.”