News

Charlie Weston ‘Why switching provider is easier than you might think’

brm  -  Sep 20, 2019  -  No Comments
It is time the myths around mortgage-switching were dispelled. Too many people think they are unable to switch – a situation which is leaving them paying thousands of euro too much to their banks. Switching is simply the process of changing mortgage provider, usually done to get a lower interest

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Mortgage price war on cards as low-rate lender enters market

brm  -  Sep 03, 2019  -  No Comments
The banks are set to come under pressure after a lender entered the residential mortgage market with some of the lowest rates. ICS Mortgages is launching into the residential market this week, with rates that are expected to force the banks to respond with a new round of interest rate

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House prices show smallest gains since 2013 as figures show market slowing down

brm  -  Aug 15, 2019  -  No Comments
House prices across the country posted their smallest gains in six years in June as Dublin price rises all but ground to a halt with markets set to weaken further in the remainder of the year. Data released by the Central Statistics Office yesterday showed the pace of property price

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Help to Buy scheme is still needed says group

brm  -  Aug 13, 2019  -  No Comments
A call to extend a controversial scheme that gives a tax break to first-time buyers in the property market has been made by the Banking & Payments Federation Ireland, as Minister for Finance Paschal Donohoe puts together his Budget for 2020. The Help to Buy scheme provides a tax incentive

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Mortgage approvals jump 10pc in May

brm  -  Jul 05, 2019  -  No Comments
The number of mortgages granted jumped 10pc year-on-year in May, with 4,926 people getting approval. Month-on-month, approvals were up 19.9pc. The market is being driven by first-time buyers (FTBs), which accounted for some 2,520 or 51pc of approvals. Meanwhile mover purchasers were responsible for 1,297 or 26pc, according to figures

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How initiative helps first-time buyers get on ladder

brm  -  Jun 29, 2019  -  No Comments
The Government’s help-to-buy scheme is designed to assist first-time buyers in getting a deposit together to buy a new home or build a new house or apartment. In line with Central Bank rules, new buyers must have a deposit of at least 10pc of the property’s value. The measure allows

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Banks admit 130,000 are missing out on cheaper mortgages

brm  -  May 24, 2019  -  No Comments
Thousands of mortgage-holders are missing out on huge savings by failing to move to lower-priced home loans within their own banks. KBC Bank said it had now written to 32,000 of its customers twice to tell them they could cut their monthly costs by opting for a cheaper rate within

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Buying a home ‘harder than ever’, majority of people believe

brm  -  May 09, 2019  -  No Comments
THE dream of owning a home is fast moving out of the reach of people. A majority of people believe is has now become harder to buy a first home in this country. Some 65pc of people surveyed by iReach for insurer Royal London said it is now “harder than

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Buyers turn to ‘bank of mum and dad’ for help

brm  -  Apr 18, 2019  -  No Comments
Half of those expecting to buy their first home say they will need help from their parents. The financial pressure on prospective first-time buyers is also evident from survey findings that show it is now taking longer to save a home deposit. More than half of those who hope to

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Trustees challenge ban on one-member pensions purchasing buy-to-lets

brm  -  Mar 29, 2019  -  No Comments
APTI chairman Kevin Coghlan said it was disappointed the department would not meet it before the directive was transposed into law here. He complained that the rollout of the directive was “indiscriminate”. The typical self-directed fund only has €450,000 in it. The new rules mean this would restrict the investment

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