Revolut Confirms Irish Mortgage Market Entry, Full Rollout Set for 2025
Revolut has confirmed plans to enter the Irish mortgage market later this year, with a soft launch expected in the third quarter and a full rollout targeted by the end of 2025.
The move, first reported by The Irish Times and confirmed to RTÉ News, marks a significant expansion of the UK-based fintech’s European lending operations. Revolut Europe CEO Joe Heneghan stated that internal testing is likely to begin in Q3, followed by a market launch in Q4.
The digital-only bank, which holds an EU banking licence via Lithuania and has already begun mortgage lending there, plans to initially offer home loans in Ireland through its app, backed by phone support. It is also exploring the possibility of working with mortgage brokers as the service matures.
With an estimated three million users in Ireland, Revolut has identified the mortgage space as a key area for growth. The company previously announced intentions to expand its home-lending services to Ireland and France, building on its existing operations in Lithuania.
Earlier this week, Revolut reported a 149% year-on-year increase in pre-tax profits, reaching £1.1 billion (€1.28 billion) for 2024. The company was valued at nearly €40 billion last year and is widely regarded as Europe’s most successful fintech. Its entry into mortgage lending underscores its broader ambition to challenge incumbent banks across core financial services.