Wrong information on mortgage loans sent by ICS to new credit register

Irish Times | Aug 16, 2019 at 5:05 AM
  • More than 1,000 customers of ICS Mortgages may have had their ability to access new credit damaged as a result of an error in submitting information on their existing mortgages to the new credit register, run by the Central Bank of Ireland.
  • ICS Mortgages, a subsidiary of non-bank lender Dilosk, has written to some 1,067 buy-to-let and owner-occupier mortgage-holders to tell them that it passed on incorrect information on their loans to the Central Credit Register (CCR).
  • Some of the affected mortgages were originated by Bank of Ireland and were acquired by Dilosk in 2014, and some were buy-to-let mortgages originated by Dilosk since 2017 under the ICS Mortgages brand.