from Hacker News

Revolut's Irish mortgages are a game changer, and the banks know it

by msolujic on 7/6/24, 5:53 AM with 13 comments

  • by londons_explore on 7/6/24, 7:35 AM

    > there seems to be an acceptance at the company that potential customers will want to be able to speak to someone

    No.

    I want it all done through the app and automatically. I really don't want to speak to anyone.

    Every human in the line is one more who wants their fee, can make a mistake, or delay the whole process.

    Especially for lower value mortgages (ie. 50% of property value), no inspection should even be needed - merely the fact that every other house on the street is valued at €X and you are giving me €X/2 secured on a property probably worth ~€X should be security enough.

  • by Dig1t on 7/6/24, 6:33 AM

  • by colinb on 7/6/24, 8:19 AM

    How much of the pain in getting an Irish mortgage comes from regulations? I tried re-mortgaging with Avant a few years ago and it was no less onerous than the process with BoI. Same messing about with multiple surveys, 30 page forms etc. And in the end (for reasons) we stuck with BoI.

  • by ggm on 7/6/24, 7:42 AM

    By "game changer" the article basically just says they compete and have good market share wherever they play.

    It completely fails to say if it has some difference in LMI or leverage, loan to value, early payment, sharper interest rates: no details why it is such a game changer. Just "it is"

    Maybe somebody can say why?

  • by airpoint on 7/6/24, 11:05 AM

    This is just an ad basically. Right?

  • by huppeldepup on 7/6/24, 6:34 AM

    Paywall