Revolut, the European fintech bank, has confirmed plans to enter the Irish mortgage market later this year, with a soft launch expected in the third quarter of 2025 and a full roll-out planned for the end of the year.
Revolut, which holds an EU banking license in Lithuania, has already begun issuing mortgages there and is now extending its home-loan services to Ireland. Joe Heneghan, Revolut Europe’s CEO, told The Irish Times that the bank aims to begin testing its mortgage offering in the third quarter, followed by a full launch in the fourth quarter.
The digital bank, which boasts around three million customers in Ireland, plans to initially offer home loans through its app, with phone support available from staff. In the future, Revolut has indicated it may consider using brokers to facilitate the mortgage process.
Revolut’s expansion into mortgage lending comes as part of its broader strategy to challenge traditional banking institutions in Europe. Last year, the UK-based fintech company announced its plans to launch mortgage services in both Ireland and France, alongside its established operations in Lithuania.
The move into home loans marks a significant milestone for Revolut, which has been rapidly growing its product offerings in recent years. The bank, which operates exclusively in the digital space, has carved out a dominant position in the European fintech sector, with a valuation approaching €40 billion in 2024.
Earlier this week, Revolut reported a remarkable 149% increase in pre-tax profits for the previous year, reaching £1.1 billion (€1.28 billion), further solidifying its standing as one of the most successful digital-only financial institutions in Europe.
Revolut’s entry into the Irish mortgage market is expected to shake up the traditional banking sector, which has long been dominated by a handful of established players. By offering competitive rates and leveraging its digital platform, Revolut aims to provide Irish consumers with an alternative to the traditional mortgage providers.
