ICS Mortgages, the Irish-owned non-bank mortgage specialist, has reported that it provided over €530 million in new mortgages in 2021, representing year-on-year total growth of 143 percent.
ICS Mortgages estimates that its share of the Irish mortgage market increased to 5.05 percent at the end of 2021.
According to Chief Executive Fergal McGrath, ICS Mortgages increased its total loan book by over 25 percent to more than €1bn during 2021, representing a significant performance underpinned by the lender’s innovative mortgage products for both owner occupier and buy to let markets.
“As a majority-Irish owned non-bank lender in the mortgage market, we are purely focused on providing mortgages and on delivering real value to our customers via market-leading competitive rates and product innovation. We are really pleased that Irish consumers have responded to our offerings in such growing numbers.
“As a specialist mortgage-only lender we are continuing on our growth journey and having now exceeded our initial goal of five percent share of the mortgage market, our goal has been revised upwards to supply over 10 percent of Irish mortgages within the next three years.
“We look forward to building on this significant performance in 2022 and beyond. Everyone at ICS Mortgages is committed to continuing to deliver market-leading price, service and innovation for Irish home buyers,” Mr McGrath stated.