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© The Irish Times |
06 Dec '18 |
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Trading up? You’ll now need a deposit of €135,000
According to the latest Housing Market Monitor from the Banking and Payments Federation of Ireland (BPFI), the median income of first-time buyers who bought a home in the third quarter of the year was - Subscribe |
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© Irish Independent |
29 Nov '18 |
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'Forget borrowing more, wait for new houses to be built' - Central Bank chief's tough message for homebuyers
Philip Lane acknowledged high house prices and rents were posing serious affordability issues, but more house building was the answer.
"A fully functioning and sustainable housing market is not ach - Subscribe |
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© The Irish Times |
28 Nov '18 |
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Why a cash buyer ends up paying up to 50% less for their home
Economists suggest almost one in every two sales are still being funded with cash in the Irish market. This can save buyers hundreds of thousands of euro thanks to having no interest bill on their fin - Subscribe |
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© The Irish Times |
27 Nov '18 |
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Forget sale price - how much will your mortgage really cost to buy a home?
This would be easier if banks were obliged to be upfront about the total potential costs of finance over a 20-30 year term, by setting out early in your mortgage approval just how much the property wi - Subscribe |
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© The Irish Times |
23 Nov '18 |
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Central Bank resists calls for rolling mortgage-limit exemptions
Some lenders are said to be privately pushing the Central Bank to allow them apply exemptions on a rolling 12-month basis.
The latest Banking Payments Federation Ireland (BPFI) data shows that the - Subscribe |
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© Irish Independent |
12 Nov '18 |
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Fewer than 20 local authority home loans taken in cities
There are major concerns the upper limit of the Rebuilding Ireland Home Loan is not sufficient to secure a property in city areas. In nine council areas - including Cork city, Dún Laoghaire-Rathdown - Subscribe |
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© Irish Independent |
08 Nov '18 |
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Pepper hit with €3.7m bill after tax appeal defeat
Last month, Pepper Ireland exited the residential mortgage market in Ireland, having entered the business in 2016.
It sold a €200m portfolio (face value) of mortgages, held by about 900 borrowers - Subscribe |
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© Irish Independent |
08 Nov '18 |
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New mortgage lending jumps 49pc at Permanent TSB
"Whilst the mortgage market in Ireland continues to grow steadily, it remains competitive. We continue to carefully manage our offering maintaining price discipline and credit underwriting standards," - Subscribe |
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© The Irish Times |
02 Nov '18 |
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[Needs IT sub] Why has lending for mortgages in Ireland suddenly stalled?
There were 1,782 first-time buyer mortgages in the month, down 3.4 per cent on the same month the previous year and down 10 per cent on August. For mover-purchasers the annual figures were 1.5 per cen - Subscribe |
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© Irish Independent |
25 Oct '18 |
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New mortgage lending at Bank of Ireland jumps by a quarter
Overall and customer loan volumes were €76.6bn at the end of September, an increase of €0.5bn since the end of December 2017, according to an interim management statement from the group.
Custom - Subscribe |
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© The Irish Times |
21 Oct '18 |
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Just 33 affordable mortgages drawn down in Dublin city
According to Dublin City Council, 33 loans, worth €7 million, or an average loan of €212,840, have been drawn down by the end of September. Given a deposit of 10 per cent, this would indicate an a - Subscribe |
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© Irish Examiner |
19 Oct '18 |
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Warning ‘warehoused mortgages’ is next crisis
Pádraic Kissane: "I am at meetings with clients and the bank cannot tell me who has the keys, nobody knows who has the keys, and the property is empty. It is astonishing,” - Subscribe |
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© Irish Independent |
19 Oct '18 |
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Families to save in home loan and health shake-up
The mortgage market is in line for a shake-up as Finance Ireland signalled its intention to become a key player with the purchase of the home-loans business of Pepper Money.
It plans to grow the Pe - Subscribe |
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© The Irish Times |
17 Oct '18 |
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Bank of Ireland mortgages to be available through brokers
Bank of Ireland’s intention to re-enter the broker market offering “increased choice for consumers” acquiring a mortgage through the broker channel was announced to the market in February. - Subscribe |
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© The Irish Times |
17 Oct '18 |
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Why the Government’s affordable loan scheme was flawed from the start
Not only does a Rebuilding Ireland Homeloan applicant’s mortgage protection look pricey, it also diminishes the borrower’s ability to repay their loan, and thus the amount for which they might be - Subscribe |
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© Irish Independent |
16 Oct '18 |
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First-time buyers in Ireland paying multiples more for mortgage than European average
“Ireland continued to have the highest average interest rate across the euro area on all new mortgages agreed in August, at 3.15pc,” the Central Bank said in its latest statistical release. - Subscribe |
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© Irish Examiner |
03 Oct '18 |
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Mortgages of 34 years ‘insanely long’
Michael Dowling: “I would suggest the main reason is affordability in relation to monthly repayments. Borrowers can make adjustments at any stage to the monthly repayments to reduce the term and wit - Subscribe |
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© Irish Independent |
03 Oct '18 |
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First-time buyers now 34 before they save up for home they will pay off in retirement
According to the Central Bank report 'Household Credit Market Report 2018', First-time buyers are now 34 years on average when they get the keys to their own home. This is up from around 31 back in 20 - Subscribe |
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© The Irish Times |
03 Oct '18 |
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Irish lender Dilosk to enter owner-occupier mortgage market
Fergal McGrath, chief executive and co-founder of Dilosk: “I think if one looks at the mortgage market across Europe, the non-bank sector is certainly gaining ground and competing against the more t - Subscribe |
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© Irish Independent |
01 Oct '18 |
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Mortgage market shake-up: Credit unions set to challenge banks and open up market
He is the first credit union member in the country to be granted a mortgage under a new standardised offering being rolled out across the State by the Irish League of Credit Unions. - Subscribe |
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