Credit unions could be an option for mortgages from next year

Dozens of credit unions could be offering mortgages by the end of next year.

A pilot project has been launched that will see a small number of the member-owned lenders offering home loans.

If this proves successful it is expected that up to 30 credit unions could be issuing mortgages by the end of next year.

Seamus Kilgannon, of Sligo Credit Union is also a member of the Board of the Irish League of Credit Unions, says he’s hopeful Sligo will be one of those issuing mortgages: