A massive campaign to get 20,000 variable-rate mortgage holders to switch to another provider is to be launched. The One Big Switch group aims to do a deal with a bank for lower mortgage rates in return for delivering thousands of switchers to it. The group has already negotiated deals with electricity providers and health […]
Landlords have reacted to Government moves to control rents by pushing through increase before the new measures came into effect. This was confirmed by figures showing rents experienced their strongest rise since the bust in the three months to September. Economists had warned that introducing a rent freeze would prompt landlords to pre-load rises ahead […]
The mortgage market is the most dysfunctional it has been in the last 25 years, a leading financial expert claims. Irish Brokers Association mortgage committee chairman Michael Dowling said lenders had their hands tied by new Central Bank rules. His comments came as ratings agency Moody’s said population growth and economic recovery would continue to […]
Property prices continue to rise at more than 1pc per month, despite the lending measures introduced by the Central Bank to cool the market. Figures released by the Central Statistics Office (CSO) show national price hikes of 8.9pc year on year – and 1.3pc in September. Meanwhile, in Dublin, residential prices rose by almost 1pc […]
Rigid mortgage lending rules imposed by the Central Bank are forcing property prices to stagnate and discouraging builders from constructing homes. A new survey by Davy Stockbrokers has also concluded that the property market is “clearly characterised by stagnating prices and an under-supply of land”. It found the market is weaker than developers may have […]
The Government wants to overhaul a tax relief scheme for first-time buyers which has been labelled a “flop” by Fianna Fáil. First-time buyers can apply for a refund on the Deposit Interest Retention Tax (DIRT) levied on savings to build up a deposit to buy a home. The scheme was due to run until the […]
Finance Minister Michael Noonan has said he believes the country’s main banks will slash their high variable rates if their customer bases come under “threat” from new competitors. Senior bank executives told Mr Noonan last week that they had put in place a series of “options” for borrowers, which would allow them to reduce their […]
The chances of getting a bad deal, or even being ripped off, are huge for both new buyers and those switching mortgage providers. Here are some of the issues to consider, whether it is your first mortgage or you are opting for a new lender by moving your mortgage. Be wary of cash deals. Some […]
KBC is offering attractive mortgage deals for customers who are looking to buy their first home, subsequent home, or those simply looking to switch for better value. Rates from as low as 3.30% fixed and 3.25% variable when you open a KBC current account. 50% off KBC Home Insurance for 1 year for new residential mortgages […]
Royal London have announced they are now offering 10% off all price-matched mortgage protection premiums. This special offer runs from Monday 21st September until 30th October 2015. In the event of death, mortgage protection will make a once off lump sum payment to cover the remainder of your Mortgage. As you pay off your mortgage, your […]
Gains from HTB scheme wiped out as house prices rise €19k in a year- coonanmortgage.com/?…
