News

Central Bank mortgage review to be published

brm  -  Nov 28, 2017  -  No Comments
The Central Bank will publish the outcome of a review of mortgage rules later today. The restrictions set official ceilings on how much banks can lend home buyers. It is expected the main limits will remain in place although there could be some small adjustments. The rules were highly controversial

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Revealed: How many new homes are sold each month – and where the hotspots are

brm  -  Nov 14, 2017  -  No Comments
– Just 450 new homes sold each month – Lack of supply fuels price hikes – CSO reveals 15,000 sales in the space of past three years – Investors buying up to 40pc of stock in high-demand areas Just over 450 new homes are being sold every month as the

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Haven Mortgages beats parent AIB with 2016 loan book growth

brm  -  Oct 11, 2017  -  No Comments
Haven Mortgages, the AIB unit that offers home loans through brokers, saw its loan book increase by almost 19 per cent last year to €1.7 billion to outshine its parent group, whose portfolio continued a trend of contraction since the onset of the financial crisis. “The 18.6 per cent increase

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Glenveagh Properties to build 2,000 homes

brm  -  Oct 02, 2017  -  No Comments
Glenveagh Properties is set to build 1,000 per year by 2020, and 2,000 homes in the long term. The company, which was set up in August of this year, will fund the housebuilding from funds raised on the stock markets in Dublin and London. It is expected that joining the

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Revealed: The price of a three-bed semi-detached house is rising by €500 a week

brm  -  Sep 25, 2017  -  No Comments
The average three bed semi-detached house nationally has risen by 3.1pc to €221,843 since June, as the housing crisis continues to grow. This means that the average price for a home is jumping by €500 every week. Overall, the average house price across the country has risen by 11.2pc over

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How customers can get a cash ‘reward’ for paying the mortgage

brm  -  Aug 25, 2017  -  No Comments
Permanent TSB move is set to shake up lending market and force rivals to respond Permanent TSB is set to shake up the mortgage market by offering new borrowers cash back every time they make a payment on their home loan. The move will see 2pc of the value of

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House prices up €24,000 as figures show sharp drop in empty homes

brm  -  Jul 26, 2017  -  No Comments
The price of a house rose nationwide by almost €24,000 last year. There are also far fewer vacant properties than previously estimated, a new report has found. Dublin property prices shot up by €40,000 in the year. The national average house price for the year was €250,188, an increase of

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Anxious investors should ditch emotions and follow simple rules

brm  -  Jul 16, 2017  -  No Comments
Have you ever placed an alarm clock on the far side of the room to prevent yourself from hitting the snooze button in the morning? Or moved a bowl of nuts out of arm’s reach at a dinner party to stop you from nibbling your appetite away? As a student

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Long term renters urged to look at protection similar to mortgage holders

brm  -  Apr 25, 2017  -  No Comments
Long-term renters should look at ways in which they can financially protect themselves, similar to mortgage holders, a leading insurance company has said. With rents across the country now 8pc higher on average than their Celtic Tiger peak in 2008, Royal London has urged renters to consider protection against illness

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New rules may make switching mortgages easier

brm  -  Apr 12, 2017  -  No Comments
The Central Bank said it was considering imposing new rules on banks to make it easier for mortgage-holders to switch to another lender to reduce the cost of their repayments. The regulator said research it commissioned found that just 4pc of borrowers had moved their mortgage to a new lender.

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