Posted in General, Home, Mortgages & Money, Property News
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Tagged advisors, aggressive, anxiety, arrears, banks, Code of Conduct on Mortgage Arrears, consumer, consumer protection code, credit card, credit unions, debt, depression, distressed, distressed mortgages, EBS, Friday feedback, generation, Irish Mortgage Brokers, Karl Deeter, lender, loan, MABS, Money Advice and Budgeting Service, Mortgage, mortgage arrears, MyHome, MyHome.ie, negative equity, regulation codes, report, stress, unsecured creditors
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MABS (the Money Advice and Budgeting Service) a publicly funded group who are given €18,500,000 a year to help the indebted, have produced research which indicates that when it comes to people with mortgage difficulty that the people affected are mainly those with children and are aged from 41 to 65. They also found that [...]
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Posted in General, Home, Mortgages & Money, Property News, The Investor, The Overseas Investor
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Tagged Brian Lucey, CBRE, Central Bank, Friday feedback, Irish Mortgage Brokers, Karl Deeter, landlords, Marie Hunt, MyHome, MyHome.ie, survey, Trinity College
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There are plenty of headlines about arrears, about buy to let investors who will now be chased down as part of the new Central Bank ‘targeting’ scheme and about people in various stages of financial difficulty, but what do we really know about the people behind the numbers? Today is your chance to help change [...]
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Posted in General, Home, Industry News, Mortgages & Money, Property News, Property Picks
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Tagged account, bedroom, Friday feedback, Jameson Whiskey, mansion tax, MyHome, MyHome.ie, properties, property tax, Shane Filan, Westlife
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I thought it would be interesting to look at the ‘mansion tax’ and post some houses that would be considered by any metric to be a mansion that won’t be paying it. This is just a way to help demonstrate that the idea of a ’super tax’ is a carrot used to make everybody else [...]
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Posted in General, Home, Industry News, Mortgages & Money, Property News
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Tagged Bank of Ireland, boom prices, Central Bank, credit, Derek Brawn, economist, Ed Carey, Ed Glaeser, Federal Reserve, Frank Quinn, Friday feedback, Irish Mortgage Brokers, Karl Deeter, lecturer, loans, Mike Soden, MyHome, MyHome.ie, NAMA, NamaWineLake, National Asset Management Agency, NBER, over-correction, property, property market, SCSI, The National Bureau of Economic Research, Today FM, underwrite, urban, valuations
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Former head of Bank of Ireland Mike Soden indicated to the Examiner that NAMA should intervene in the Irish property market, specifically stating that:“The easiest solution, in my judgement, is that NAMA has got the responsibility of establishing a base price, or a floor price, for property in the country.” That this would be a [...]
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Posted in General, Home, Mortgages & Money, Property News
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Tagged AIB, Anglo, April, Bank of Ireland, banks, boom-bust cycle, borrowings, cash buyers, Central Bank, collateral, current account, EBS, errors, estate agents, Friday feedback, housing, housing market, IMB, indigenous players, insurance policies, Irish Credit Bureau, Irish Life, Irish Mortgage Brokers, Karl Deeter, market share, money, mortgage applications, MyHome, MyHome.ie, National Irish Bank, Permanent TSB, prodigal sons, PTSB, regional towns, research, sovereign wealth, spouse, trust, Ulster Bank, underwriters
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I can’t help but wonder if there is some link between saving Irish banks and the way they then act after the fact, do they become grateful for the salvation or morph into ongoing prodigal sons? The recent issues with AIB are a case in point. They have been rescued several times now, most recently [...]
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Posted in General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Investor, The Seller
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Tagged Allsop, annual rent, Blackrock, buyer beware, calculate, capital value, Friday feedback, government bonds, gross rental yield, investment method, Karl Deeter, market interpretations, multiplier, MyHome, MyHome.ie, property, prospective buyers, Sunday Business Show, Today FM, value
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Something we hear continuously in every arena is that you can’t place a value on a property because there are not enough transactions. In short this is a mistake, in fact, MyHome published a report on different methods for doing this only a few months ago. In Ireland we tend to rely on market interpretations [...]
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Posted in General, Home, Mortgages & Money, Property News, The First Time Buyer
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Tagged bank, borrowers, Capital Adequacy rules, credit advancements, CSO property price index, deposit, ECB, ECB interest rate, equity, loan, LTV, Mortgage, mortgage rate, prices, property prices
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People are fixated with property prices, the wide coverage of the CSO property price index is in clear contrast to how little people track bank mortgage rate changes (although we are also fixated on ECB interest rate changes). The cost of something is different than the price of something, sadly we tend to look at [...]
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Posted in General, Home, Mortgages & Money, Property News, The First Time Buyer, The Seller
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Tagged AIB, bank, banks, borrow, cars, credit cards, disposable income, enquiry, Friday feedback, hire purchase, Irish Mortgage Brokers, Karl Deeter, loan, Mortgage, MyHome, MyHome.ie, stress test, tax, underwriting process
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Every single new enquiry we get at Irish Mortgage Brokers has the same general question, ‘can I get a mortgage and if so how much?’. The day people stop asking that question is the day we close our doors! The first thing you have to do is understand that there is an underwriting process and [...]
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Posted in General, Home, Property News
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Tagged act, Australia, bill, boom-bust cycle, database, Dublin Castle Stamp Office, government, household charge, interaction, Land Registry, legislative, Ordinance Survey Ireland, property downturn, property prices register, Property Registration Authority, Property Services Regulation Act 2011, PRSA, Tom Lynch, transactions, transparency, USA
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We have been told by successive governments that we will get a property prices register, it was listed in the 2009 programme for Government. The actual legislative backing was done in the Property Services Regulation Act 2011 (see part 12), which took two whole years to go from bill (suggested law) to act (actual law). [...]
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Posted in Mortgages & Money, Property News
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Tagged borrower, Friday feedback, income, Karl Deeter, loss, MyHome, MyHome.ie, risk sharing, split-mortgages, warehouse
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It seems that seven banks have been cleared to offer them as a solution for borrowers who are in difficulty, but what is a split mortgage and how will it work? This week we break down one of the ideas, you can also vote on what you think the best solution would be… Vote: Split [...]
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I own 2 properties. On the information leaflet I was informed that I could pay by cash. I have no...
Revenue has developed an interactive online property tax valuation guide, available here . The gu...
