Minister for the Environment Phil Hogan says he is expecting a “massive late surge” in property tax payments before Tuesday’s deadline. Almost one million have paid the controversial new tax to date but there are still around 600,000 homeowners yet to pay. However, Minister Hogan said he expected a “massive late surge” in payments in [...]
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The Central Bank Governor has said “imaginative design” of debt restructuring arrangements can help ensure that even insolvent homeowners do not lose their houses. He said the idea of a split mortgage which allows borrowers to service only a portion of their debt at least on a temporary basis, could be “fleshed out” to reduce [...]
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By The MyHome Newsdesk
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Posted in General, Home, Industry News, Mortgages & Money, Property News, The Seller
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Also tagged AIB, Bank of Ireland, banks, Danske Bank, EBS, ECB, European Central Bank, fixed rate, KBC Bank, Mortgage, mortgages, Permanent TSB, property market, tracker mortgage, Ulster Bank, variable rate
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Homeowners will now be able to move house without having to give up their low interest tracker mortgages. Trackers are linked to the rate set by the European Central Bank, which currently has an historically low rate of 0.5%. With 375,000 homeowners currently on tracker mortgages, many are reluctant to move for fear of losing [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged Department of the Environment, Friday feedback, Local Property Tax, LPT, MyHome, MyHome.ie, property tax, Revenue Commissioners
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Around one million people have still to pay the new local property tax and already rumours are spreading that the charge could be set to rise next year. Figures released yesterday by the Revenue Commissioners show that to date 637,466 homeowners have made an LPT return. The remainder of the 1.6 million homeowners liable for [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged compliant, deadline, Department of Finance, Environment Minister, household charge, Local Property Tax, phil hogan, property tax, registration, revenue, Revenue Commissioners, tax
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Just one in five homeowners have paid their property tax to date, just days before the deadline passes for postal forms to be returned. The Department of Finance confirmed yesterday that €22.2m had been collected from compliant homeowners so far – well short of the €250m target. Just 332,500 have so far registered to pay [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged banks, ECB, European Central Bank, Friday feedback, lenders, loan, Mario Draghi, Mortgage, MyHome, MyHome.ie, rate cut, repayments, Standard and Poor's, standard variable rate, stock, tracker, tracker mortgage
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Yesterday’s ECB rate cut will be a welcome boost for the 400,000 or so homeowners who will see their mortgage repayments fall by 0.25%. However, the latest intervention by the European Central Bank to try and drive economic growth has only driven a bigger wedge between those who have trackers and those who have not. [...]
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In its annual report today, The Revenue Commissioners have admitted that implementing the property tax was a “huge challenge” for them. Revenue said because it had drawn up a list of homeowners from multiple sources there had been errors, which it had anticipated and had tried to explain. It said when it started preparing to [...]
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By The MyHome Newsdesk
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Posted in General, Home, Industry News, Mortgages & Money, Property News
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Also tagged Andrew Nugent, Cork, Dublin, Galway, House Rebuilding Cost guide, house rebuilding costs, insurance premiums, Limerick, Quantity Surveying Professional Group, SCSI, Society of Chartered Surveyors Ireland, Waterford
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The latest House Rebuilding Cost guide, published annually by the Society of Chartered Surveyors Ireland (SCSI), shows that national average house rebuilding costs have stabilised, and are now 24 per cent lower than they were in 2008. The SCSI said that as many insurance company automatically index-link home insurance premiums, homeowners should check to ensure [...]
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Just eight families have benefited from a Government “mortgage to rent” initiative launched a year ago, aimed at helping houseowners in serious mortage distress. The scheme allows mortgage-holders to surrender their homesto a housing agency, who in turn rent it to the original owners. It was billed by the Government at its launch as a [...]
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There has been a welcome reprieve for struggling homeowners with the news that water charges will not be introduced next January as had been planned. The decision to defer the introduction of the water charges was announced by Tánaiste Eamon Gilmore. Commenting on the matter, the Minister for Foreign Affairs said: “We have always said [...]
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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...
