Today the Central Bank announced new regulations in the Irish residential mortgage market.
AIB: 25 Percent Deposit For One-Bedroom Mortgage
MortgagesAIB 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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Bank of Ireland offers to buy back €1 billion in mortgage securities
MortgagesAs reported in The Independent, The Bank of Ireland has proposed to buy back €1 billion in mortgage securities from investors.
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Third of Nationwide mortgages in arrears
NewsAccording to an article in the Irish Independent over a third of consumer mortgages from the Irish Nationwide Building Society have fallen into arrears.