AIB is reportedly asking would-be homeowners looking to purchase a one-bedroom apartment to pay more than a 25% mortgage deposit. As reported in the Herald.ie, the state-owned lender has reduced the level of mortgage funding for one-bedroom properties – a move could hurt first-time buyers.
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2011 Ireland’s Mortgage Sector Anticipated To Be Worst Since 1971
MortgagesAccording to the IBF/PwC Mortgage Market Profile, which was recently published, more than 3,600 mortgages with a total value of €623 million were given out in the third quarter of 2011. The results for this year are expected to be the lowest since 1971.
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