Cheaper HBFI loans funded by taxpayer are undermining commercial lenders, says private sector

Private lenders in the Irish market have raised concerns that aggressive growth policies of state lending agency Home Building Finance Ireland (HBFI) will damage the country’s development funding sector. The State’s housing development lender’s lower rates, higher appetite for risk and focus on bigger and better located builders could backfire and ultimately push private lenders out of the market, they claim..