By Karl Deeter
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Posted in General, Home, Mortgages & Money, Property News, The First Time Buyer
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Also tagged bank, borrowers, Capital Adequacy rules, credit advancements, CSO property price index, 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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As expected, the governing council of the European Central Bank has this afternoon cut their interest rate by a quarter of a percentage point to a new record low of 0.75%. The decision is likely to save tracker mortgage holders with a €300,000 mortgage around €45 a month. Ulster Bank are the first of the [...]
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By The MyHome Newsdesk
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Posted in Home, Industry News, Mortgages & Money, Property News, The First Time Buyer
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Also tagged 80:20 Deferred Payment Initiative, borrow, building, Ciaran Lynch, first-time buyer, home, home purchase, investment, Labour Party, loan, NAMA, National Asset Management Agency, negative equity, property, protection, scheme, speculation, value
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Labour Party spokesperson on housing Ciaran Lynch has welcomed NAMA’s new 80:20 Deferred Payment Initiative, which insulates first time buyers from the threat of negative equity by up to 20%. Speaking on the new scheme, which was unveiled yesterday, Deputy Lynch said: “For too long too much focus has been on the acquiring of property [...]
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By The MyHome Newsdesk
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Posted in Industry News, Mortgages & Money, Property News, Property Picks, The First Time Buyer
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Also tagged 80:20 Deferred Payment Initiative, AIB, Bank of Ireland, Brendan McDonagh, budget, Chief Executive, Cork, deferred payment, Dublin, EBS, First Time Buyers, housing market, independent assessment, initiative, interest, investors, lending criteria, Meath, NAMA, National Asset Management Agency, owner occupiers, Permanent TSB, pilot basis, price discovery, residential mortgage, savings
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The National Asset Management Agency (NAMA) has today launched its residential mortgage 80:20 Deferred Payment Initiative on a pilot basis. The initiative is one of a range of measures planned by the agency to facilitate first time buyers and other owner occupiers who wish to purchase a home and encourage activity in the housing market. The [...]
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Three out of four first-time buyers say they have enough money to pay a deposit on a home – and half say they plan to buy a property in the next 12 months, according to a new survey from MyHome.ie. It also found that one-third of first-time buyers already have mortgage approval. However, like homeowners quizzed [...]
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House prices were 3 times average income in 1995 before the property price boom started, they ros...
I own 2 properties. On the information leaflet I was informed that I could pay by cash. I have no...
