Industry lobby group Property Industry Ireland (PII) released a report recently which showed that at the end of September 2015, first-time buyers in Ireland typically had a mortgage of around €172,000.
Irish Homeowners Missing Out On Big Mortgage Savings
MortgagesRecent figures released regarding the state of the Irish mortgage market have revealed that many homeowners are missing out on the opportunity to make big savings on their monthly mortgage payment, partly because they are reluctant to switch to a new provider and partly due to problems within the mortgage industry itself.
Central Statistics Office Release First Household Finance and Consumption Survey
Debt LoansThis January the Central Statistics Office (CSO) has for the first time released the results of the Household Finance and Consumption Survey.
New Mortgage Loan Regulations, 90% Mortgages for First Time Buyers
MortgagesToday the Central Bank announced new regulations in the Irish residential mortgage market.
Council Bosses Alarmed as Borrowers Abandon Homes
MortgagesFigures this week show Dublin householders are leaving council properties in droves. With more and more borrowers struggling to meet council mortgages and choosing instead to make interest-only repayments, 41 more householders are handing back their keys to the Council.
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Tracker Mortgages push average Irish home loan rate down
Mortgages
According to new Central Bank statistics Irish homeowners are paying well below the European average on home loans.
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Euro Debt Crisis ‘Could Bring Mortgage Interest Rates To Historic Lows’
MortgagesEurope’s mortgage rates could be on path to hit a historic low, as the region does what it can to save the Euro during the Euro debt crisis.
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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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Government Slices and Dices Budget Across Board; Most Vulnerable Hardest Hit
EconomyMany struggling families may suffer with an additional €1,000 a year loss after they’re hit by a bundle of stealth charges, with a second wave of additional pain possible. According to Brendan Howlin, Public Expenditure minister, said €2.2 billion in spending cuts would leave all middle-income families to deal with considerably higher bills, as reported in the Irish Examiner.
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Variable Rate Homeowners Could See Relief From High Payments
MortgagesAccording to a report in the Independent, homeowners may be set to receive three further interest rate cuts besides the one already given.
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