Tag Archives: ICS

aib4

AIB increases mortgage rates by 0.5%

AIB will increase its variable mortgages rate by half a percentage point from 3.5% to 4% from Tuesday November 13th. This is the second rate rise by the bank in as many months and will add around €30 a month to people’s mortgage repayments per €100,000 borrowed. Around 70,000 mortgage holders are expected to be [...]

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PIBA

Eight out of 10 people refused mortgages, insists PIBA survey

A new survey has claimed that as many as eight out of 10 people looking for a mortgage are turned away by banks. The survey by the Professional Insurance Brokers Association (PIBA) – which represents almost 900 brokers – reveals that lending, or a lack of it, is having a serious impact on the property [...]

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bank-of-ireland

Bank of Ireland increase mortgage rate by 0.5%

Thousands of homeowners are set to be hit with higher mortgage repayments each month after Bank of Ireland and its subsidiary ICS announced it was raising its standard variable and loan-to-value rates by 0.5% from October onwards. The increase will see those with €300,000 mortgages repaying €1,000 extra a year. The 0.5% increase will be [...]

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Bank of Ireland are one of the banks believed to be considering the new scheme to help those in arrears

Mortgages of struggling homeowners could soon be frozen

Thousands of struggling homeowners could soon have their mortgages frozen, according to reports. The country’s leading banks are set to be investigating schemes which would allow cash-strapped families to put their home loan “on ice”. Under the system, the mortgage holder would pay off what they can and put the rest on hold until they [...]

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AIB

AIB defends decision to reduce amounts it will lend to first time buyers

State-owned bank AIB has defended its decision to reduce the amount of money it is making available to first-time buyers for mortgages by 10%. The bank described its new lending criteria as “prudent” despite the fact it goes against government calls for banks to start lending for home purchases to allow buyers to avail of [...]

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