Revolut is not short of chutzpah. By declaring its intention to enter the Irish mortgage market, “probably” in the first half of next year, it generated plenty of publicity and no little scepticism. After all this is a company that abandoned the pursuit of a licence with the Central Bank of Ireland and opted instead to be regulated in Lithuania. After many years of trying, it is yet to get a banking licence in Britain.
Yet it confidently predicts that it will have its ducks in a row — compliance with codes of conduct, regulatory capital requirements, access to help to buy and shared equity schemes — to start putting up its dukes with AIB, Bank of Ireland and PTSB within the year.
The mortgage
