Author Archives brm

Buying a house can be tough. For instance, did you know the mortgage process can take up to 60 hours? That’s a lot of work – and that’s why it’s a good idea to let a professional intermediary take the weight off your shoulders. A mortgage intermediary is essentially a

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This was the highest second quarter drawdown since 2010, with 6,803 home loans. The mortgage market is moving again, albeit at a muted pace, with mortgage drawdowns growing strongly in the second quarter of the year, according to figures published on Tuesday. The Banking & Payments Federation Ireland (BPFI) figures

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The Bank of England has cut interest rates for the first time since 2009 and said it would buy £60 billion of government debt to ease the blow from Britain’s June vote to leave the European Union. The central bank said it expected the economy to stagnate for the rest

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Cut to 3.4% means homeowner with €200k mortgage will save €410 a year AIB subsidiary Haven said on Wednesday that it will cut its standard variable rate by 0.32 percentage points to 3.4 per cent. The reduction will apply to both new and existing customers, and coincides with a 0.25

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The cost of renting in areas within driving distance of Dublin, Cork, Galway and Limerick has resulted in monthly costs rising by as much as 19pc over the past 12 months. While high demand for rent has traditionally been confined to the cities, the new trends mean the areas dubbed

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The sale of €2.5bn of distressed business loans (65pc), buy-to-let mortgages and owner occupier mortgages is aimed at substantially clearing out all remaining toxic property linked loans on the bank’s book on both sides of the border. The bank has appointed PWC to seek buyers for the loans, either in

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The CB’s tough much-criticised mortgage-lending rules, introduced last year, may be loosened – or tightened up Some 14 months on from the introduction of the oft-discussed and much-maligned mortgage lending rules, they certainly seem to be having an impact. Mortgage approvals have slumped 15 per cent in the three months

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I was reminded this week of the importance of life insurance. They say it’s a product which is sold, not bought and its negative connotations are the reason. Quite simply, unless insurance is mandatory (such as car insurance), we really don’t want to have to think about it. But it’s

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The ESRI has heaped further pressure on the Central Bank to soften its tough mortgage deposit rules. Associate research professor Kieran McQuinn said easing the measures requiring buyers to have a hefty deposit could help boost housing supply. Central Bank Governor Professor Philip Lane has said the rules would be

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While it was the highest level since 2010, the new figures show that construction is still way below the level needed to meet demand. Meanwhile, construction work started on just 627 units in the first month of the year, of which more than half – 383 – were in the

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