Pictured: Chris Paul, CEO, Avantcard
Avantcard has announced that it will enter the Irish mortgage market in the Autumn of this year. It will introduce a range of mortgage products that will offer consumers real value over the life of their mortgage.
The company, which is based in Carrick-on-Shannon, Co. Leitrim, with a second office in Dublin, has been providing consumer finance products to Irish consumers for over twenty years.
Avantcard currently specialises in credit cards and personal loans and is owned by Spanish banking group, Bankinter, which also has operations in Portugal and Luxembourg. Bankinter already has a substantial mortgage business in both Spain and Portugal and Avantcard will leverage that expertise to bring much needed choice to the Irish market.
Over the years, we have seen how Irish consumers have been under-served in comparison to their European counterparts and it’s time for that to change.
The mortgage products will be offered under a new trading name, Avant Money, to reflect the company’s ambition to provide a broader range of consumer finance products, starting with mortgages. The new Avant Money branding will be extended to the rest of its existing business over the coming months.
Switchers, movers and first-time buyers will be able to avail of the new products exclusively through a number of well-established mortgage brokers.
Chris Paul, CEO of Avantcard said: “We are delighted to be entering the Irish mortgage market. Over the years, we have seen how Irish consumers have been under-served in comparison to their European counterparts and it’s time for that to change. Supported by our parent, Bankinter, and building on our strong consumer finance legacy, we are confident that we will be able to provide markedly better value for customers and deliver genuine, long-lasting change.”
Further details about its mortgage products and its planned launch date will be made available by Avantcard soon.