Springboard Mortgages

[laughinglawyer]

I would very much like to hear what anybody knows about the operation of Springboard Mortgages - particularly since the Permo became 100% owner of this turkey - I think back in June 2007. Has anyone any experience of them or know anything about how they operate ?

[2Pack]

still ‘alive’ 2 months back

mortgagebrokers.ie/blog/inde … n-ireland/

This was a joint venture by Merrill Lynch and PTsb which focuses on specialist or sub-prime loans. The Irish market saw a swath of entrants into the lending market from 2004 including firms such as Fresh (no longer operating) and Stepstone (no longer operating). Springboard is almost exclusively a broker only channel. Merrill Lynch removed themselves from the JV in mid 2008 and Springboard is now a fully owned subsidiary of PTsb. The exact details of the move were not disclosed. Springboard continue to offer specialist loans and they are amongst the remaining four players in the specialist market.

[grumpy]

Haven’t dealt with them, but they do seem terribly nice

https://www.springboard.ie/img/mgmt-couple.jpg

[conor_mc]

Ceased lending in April 09 according to the Uncertainty at Irish Life and Permanent thread.

[laughinglawyer]

Some things I do well -some I dont do. How do I get a picture of Springboard’s Loan Book -short of breaking into their offices or hacking their mainframe ?