Central Bank’s Potential Delay of Revolut’s Mortgage Plans Revolut, the popular financial technology company, may face a setback in its plans to offer mortgages as early as next year due to potential objections from the Central Bank of Ireland. According to industry sources, the Central Bank is concerned about the company’s lack of experience in the mortgage market and its aggressive approach to lending. Revolut has stated its intention to offer mortgages with interest rates as low as 2.5%, which would be highly competitive in the current market. The Central Bank is responsible for regulating the banking and financial services sector in Ireland. It has a mandate to ensure the stability and resilience of the financial system and to protect consumers. As such, it is likely to scrutinize Revolut’s mortgage plans thoroughly before giving its approval. The Central Bank has previously expressed concerns about the rapid growth of non-bank lenders in the Irish market. It has warned that these lenders could pose risks to financial stability if they lend recklessly or fail to manage risks effectively. Revolut has been a major disruptor in the financial services industry. It has attracted millions of customers with its low-cost and innovative banking products. However, the mortgage market is a highly regulated and complex one, and Revolut will need to demonstrate that it has the experience and systems in place to operate safely and responsibly. If the Central Bank does indeed delay Revolut’s mortgage plans, it could have a significant impact on the company. Mortgages are a major revenue generator for banks, and Revolut had hoped to capitalize on the growing demand for housing in Ireland. It remains to be seen whether the Central Bank will ultimately grant Revolut permission to offer mortgages. However, the company’s plans are likely to face close scrutiny in the coming months.The Central Bank is considering delaying Revolut’s plans to offer mortgages from early next year. The move would be a blow to the digital bank, which has been planning to launch its mortgage product in Ireland for some time. The Central Bank is concerned about the impact that Revolut’s entry into the mortgage market could have on competition. The bank is also concerned about the risks associated with Revolut’s business model. Revolut is a digital bank that does not have any physical branches. It relies on technology to provide its customers with banking services. The bank has been growing rapidly in recent years, and it now has over 1 million customers in Ireland. The Central Bank’s decision to delay Revolut’s mortgage plans is a significant setback for the bank. It is unclear when the Central Bank will make a final decision on Revolut’s application to offer mortgages. If the Central Bank does delay Revolut’s plans, it will be a major disappointment for the bank’s customers. Revolut has been offering competitive mortgage rates, and it has been hoping to win market share from the traditional banks.