By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged appeals, approved, banks, Central Bank, Cork South-West, Labour, Michael McCarthy, Michael Noonan, Minister for Finance, mortgage appeals, Mortgage Arrears Resolution Process, refused
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Labour TD for Cork South-West, Michael McCarthy, has said there is a need to publicise the number of mortgage appeals that are being approved or refused by State-owned banks. Mr McCarthy said: “People have a right to know if State-owned banks are turning over a healthy number of appeals or if they are refusing them. [...]
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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, homeowners, KBC Bank, 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 Bloomberg, ECB, economists, European Central Bank, Interest rate, lending rate, Mario Draghi, reduction, tracker mortgage, variable mortgage
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THE European Central Bank may not cut its key lending rate again until the end of next year – a move that would be a blow for tracker mortgage holders. A comprehensive survey of European economists has found that most do not expect another cut until at least 2015. This month the ECB cut its lending rate [...]
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A major new initiative has been agreed with the banks and the Central Bank to alleviate the debt burden of over-stretched borrowers. The new structure, which will operate on a pilot basis from next month, will include a write-down of debts. The Central Bank said the purpose of the initiative is to secure co-operation between [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News, The First Time Buyer
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Also tagged Athlone, EBS, first-time buyer, Hilton, Kilkenny, Limerick, Red Cow, Tralee, Westmeath, Wexford
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EBS is hosting free mortgage information evenings throughout the country this May. Experts will be on hand to give you all the mortgage advice you need to help make it happen for you and your family. Some of the topics that will be discussed include: the mortgage process, buying for the first time, trading up, [...]
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AIB has said it is on track of reaching its target of returning to pre-provision operating profit in 2013. In an interim management statement, the bank said that actions taken last year have resulted in an improvement in its overall operating performance in the first quarter of 2013. It said its loan portfolios are performing [...]
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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, homeowners, lenders, loan, Mario Draghi, 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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By The MyHome Newsdesk
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Posted in General, Home, Industry News, Mortgages & Money, Property News
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Also tagged ECB, European Central Bank, Interest rate, Mario Draghi, standard variable rate, SVR, tracker mortgage
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Extended weak economic activity and tame inflation persuaded the European Central Bank to cut interest rates to a new reocrd low of 0.5 per cent, ECB president Mario Draghi said today. In the past month, confidence indicators have slumped, triggering fears of a delayed recovery in the euro zone. “Weak economic sentiment has extended into the spring of this [...]
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By The MyHome Newsdesk
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Posted in General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Seller
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Also tagged approval, house purchase, IBF Mortgage Approvals Report, Irish Banking Federation, mortgage approval, mortgages
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There were 1,167 mortgages approved in March, to the value of €196 million, according to the Irish Banking Federation. Of that figure, €186 million was for house purchases. The IBF says the figure represents a volume increase of 6.8% and a value increase of 15.9% over the same month last year. However, approvals for houses [...]
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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 AIB, Allied Irish Bank, Chief Executive, David Duffy, home loan, interest rates, market rates, Michael Noonan, tracker mortgages, variable rate
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Allied Irish Banks (AIB) chief executive David Duffy said today it is regrettable that the bank has had to raise interest rates for customers on variable rate home loans, but added the move it is fair. The bank must charge market rates for loans, where it can, he said. It is “inequitable” that those on [...]
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Revenue has developed an interactive online property tax valuation guide, available here . The gu...
The SCS, the largest construction and property industry body in the country, publishes the guide ...
