The average interest rate on new mortgages here remains almost twice what it is in the Eurozone. The rate stood at 3.38pc in November. Although this has fallen over the past 12 months, it is much higher than the euro area rate of 1.72pc, according to data from the Central Bank. New variable rate mortgages, […]
More than 800 applications have been made for the new Help-to-Buy scheme for first-time buyers (FTBs). Go To Comments Interest has remained high since it opened earlier this month, with some 828 FTBs filling out online application forms over the week in the expectation of securing a lucrative tax rebate. The scheme allows for a […]
There is unlikely to be a rise in European Central Bank interest rates for the coming years, a development that will be a huge boost to thousands of mortgage holders. Trackers are pegged to the ECB lending rate, and cannot be increased unless the ECB raises its main rate. It could be three to four […]
The Central Bank has made a dramatic change to its mortgage lending rules for first-time buyers. Go To Comments However, there are also fears that the loosening of the lending limits will lead to even higher property price rises. First-time buyers will now be able to borrow with a deposit of 10pc, if they meet […]
The 2017 Budget saw the Government launch the much anticipated Help to Buy (HTB) incentive for first- time buyers. What is the HTB incentive? The HTB incentive is designed to assist first-time buyers with obtaining the deposit required to purchase/self-build a new home. Are you entitled to claim this? You are entitled to claim […]
A new scheme is being introduced to provide a rebate of income tax paid (but not USC or PRSI) over the previous 4 years for first time buyers buying a newly built principal private residence or equivalent self build, on or after 19th July 2016. The rebate will be 5% of the purchase price of the […]
Gains from HTB scheme wiped out as house prices rise €19k in a year- coonanmortgage.com/?…
