Shane O'Sullivan, Managing Director of Springboard Mortgages has today made the following announcement to Mortgage Brokers,
"It is with great regret that I write to advise you that Springboard Mortgages is to cease new lending with effect from 30 June 2009.
This decision follows a review by senior management within the Irish Life & Permanent Group. It was prompted solely by the challenging funding conditions which continue to exist in the marketplace."
This is disappointing news for the Irish Mortgage Market. Springboard has been a well run organisation and has provided a valuable service to all its existing customers.
MortgageLine would like to wish everyone at Springboard all the best for the future.
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