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Borrowers risk larger rate hikes from non-banks

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The growth of non-bank lenders in the home loan market may expose more borrowers to faster and bigger rate hikes, according to a new study by the central bank.

On-bank financial institutions (NBFIs) have expanded significantly in the mortgage market in recent years, acquiring loan portfolios from banks and making aggressive sales through the influential broker channel.

https://www.independent.ie/business/personal-finance/borrowers-risk-bigger-hikes-from-non-banks-41693786.html Borrowers risk larger rate hikes from non-banks

Fry Electronics Team

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