Revout plans to enter Irish mortgage market this year
Revolut is planning to enter the Irish mortgage market later this year, the fin-tech bank has confirmed to RTÉ News.
As first reported by The Irish Times, Revolut is advancing plans for a soft launch of home-loan lending here, before a full roll-out towards the end of 2025.
Revolut Europe Chief Executive Joe Heneghan told the paper that "it would probably be Q3 for the testing and Q4 for the launch in Ireland".
Revolut has an EU banking licence in Lithuania and has been already begun issuing mortgages there.
The digital bank, which has around three million customers in Ireland, said it hopes to initially offer home loans here via its app, with phone support from staff.
However, Revolut said it will also consider using brokers in the future.
Last year the UK-based bank said it planned to launch mortgage lending in Ireland and France, in addition to Lithuania.
Earlier this week Revolut announced a 149% surge in pre-tax profits last year to £1.1 billion (€1.28 billion).
Revolut has emerged as the most successful European fintech with a digital-only model.
It was valued at nearly €40 billion last year and has been clear in its objective to challenge the pillar banks in areas such as mortgage lending.
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