Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Least unethical choice for banking Ireland?

  • 20-12-2012 10:05am
    #1
    iratira
    Closed Accounts Posts: 41 ✭


    Wanted to get a mortgage but I don't want to give my business to the banks who have had bad track records ( bailouts etc )
    How do I find out which bank is the least corrupt and immoral? Plus they need to be able to give me a mortgage also.
    Maybe they are all the same but if anyone had any ideas I'd be interested to hear them.


Comments

  • #2
    L1011
    Registered Users, Registered Users 2 Posts: 71,581 ✭✭✭✭L1011


    All banks lending to first time buyers here have been bailed out by our or the UK government.


  • #3
    srsly78
    Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    Start saving and buy with cash so OP.

    Here's a wild thought, just maybe the people taking out outrageous mortgages were just as responsible as the banks!


  • #4
    [Deleted User]
    Posts: 5,121 ✭✭✭ [Deleted User]


    Are there any member owned building societies left?


  • #5
    OMD
    Registered Users, Registered Users 2 Posts: 2,458 ✭✭✭OMD


    srsly78 wrote: »
    Start saving and buy with cash so OP.

    Here's a wild thought, just maybe the people taking out outrageous mortgages were just as responsible as the banks!

    For most people the cost of rent makes saving enough for a house next to impossible. I repeat "for most" as I know people will now come on saying they did it.

    If you are renting a property worth €200,000 you can expect to pay rent of 5% so €10,000 a year. To save for the house on top of this over 20 years will cost another €10,000 a year (less a little for interest). That means accommodation costs will be €20k a year from after tax income. It also means you won't own your house for 20 years


  • #6
    L1011
    Registered Users, Registered Users 2 Posts: 71,581 ✭✭✭✭L1011


    Deleted User wrote: »
    Are there any member owned building societies left?

    None currently doing new mortgage business that I'm aware of.

    There are at least mutual building societies two trading in Ireland - the Leeds and the UK Nationwide and I think the Leeds issued mortgages but doesn't currently.

    I have wondered whether a larger credit union should look at becoming a building society (if such a thing is even possible) as there are definitely enough people who would prefer to not use a bank, or at least a privately held bank, at this stage.


  • Advertisement
  • #7
    the_syco
    Registered Users, Registered Users 2 Posts: 37,316 ✭✭✭✭the_syco


    MYOB wrote: »
    I have wondered whether a larger credit union should look at becoming a building society (if such a thing is even possible) as there are definitely enough people who would prefer to not use a bank, or at least a privately held bank, at this stage.
    After seeing the banks loose lots of money on said mortgages, I can't see any CU's wanting to hang such debt around their necks!


Advertisement