| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

News Main Page 
 
 News
 Irish
 European
 International
 Asia-Pacific Business Week
 
 Analysis/Comment

RSS FEED


How to use our RSS feed

 
Web Finfacts

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Search

News : Irish Last Updated: Dec 19th, 2007 - 13:17:15


Ryanair adds mortgages to employee benefits package
By Finfacts Team
Dec 4, 2006, 13:02

Email this article
 Printer friendly page

Irish Mortgage Corporation has announced an agreement to provide Ryanair staff with access to low-cost mortgages.   

 

Under the terms of the agreement, all Irish-based Ryanair employees will have access to a discount on their mortgage as well as in-house mortgage services and additional benefits.

 

Irish Mortgage Corporation is the nation’s leading independent mortgage broker. Founded in 1990, it currently represents 19 different lenders and building societies. A total of over 300 mortgage options are on offer from the company. This far exceeds products offered from a single bank or building society where the average number of mortgages on offer is less than 30. Irish Mortgage Corporation is projected to arrange in excess of €1.3 billion in mortgages during 2006.  

As part of the agreement, Irish Mortgage Corporation will also provide mortgage clinics for Ryanair staff. Clinics are designed to cater to all main sections of the mortgage market, including first time buyers, existing homeowners and investors.

“More consumers than ever are demanding better value for money on their mortgage. With over 300 different mortgages now available on the Irish market, consumers who have the time to shop around for value on their mortgage can save significantly” said Derek Maguire, Managing Director of Irish Mortgage Corporation. “Through mortgage clinics, Ryanair employees will now access all mortgages available to them in the Irish market. In addition to mortgage clinics, the mortgage affinity scheme also offers Ryanair employees a mortgage discount, which is not available to the general market.

 

“By eliminating expensive marketing costs via this scheme, we are able to return significant value to borrowers by way of a mortgage discount and other incentives. However, what is really important is that this scheme continues to offer real choice to all Ryanair employees, they have total access to all mortgage products, which is something that no single bank can offer. “ Said Mr. Maguire.

 

The agreement is on a 12-month basis subject to review.


© Copyright 2007 by Finfacts.com

Top of Page

Irish
Latest Headlines
C&C reports plunge in UK cider sales; Revenue and profit margin to fall 10% in year to February 29, 2008
Shannon Development calls for urgent national launch of high-speed fibre Broadband infrastructure across Ireland
Irish SMEs can reduce costs by adopting Green IT
Irish construction employment fell 5.4% in year to November 2007 - actual job losses were about 15,000
Two Dublin Firms "score major deals" during South Africa Trade Mission
Dublin Airport: DAA to start work on €55m extension to Terminal One
Forfás says Employment in IDA and Enterprise Ireland client firms grew by 1,187 in 2007; Over 18,500 people were employed in research activities across Ireland in 2007
Wyeth Ireland invests €5 million in Dublin and creates 24 jobs
Irish Consumer sentiment fell slightly in December 2007
Aer Lingus begins Belfast-London Heathrow service; Ryanair's Michael O'Leary visits Shannon on last day of Aer Lingus service to London
Martin welcomes over 50 Irish Firms on South African Trade Mission
Irish Construction: December data signalled record falls in activity - housing, civil engineering and commercial sectors
Britvic Ireland to cut 60 jobs in Cork
Irish Live Register increased 2,100 in December; Grew 14,987 in 2007 to 171,800 at end of December
Irish Public Service Benchmarking Body Report: Increases recommended for just 15 of the 109 grades examined
Irish Financial Services Ombudsman says complaints increased 15% in 2007
Nuclear Power in Ireland: Government calls for a debate without a deadline to avoid having to make decision
Irish Industrial Sector had best year in 2007 since 2002
Irish National Employment Rights Authority carries out 14,000 inspections; Recovers €2.5m in arrears for workers; Martin launches "major publicity campaign"
Horizon Technology hit by falling revenue and bad debt provision increase of €0.8 million