Despite being widely predicted, today’s 0.25% interest rate cut by the U.S. Federal Reserve is a welcome relief to credit markets that have been affected badly by the recent credit crunch. This rate cut follows the 0.5% rate cut made in September and moves the federal funds rate to its lowest level since January […]
Monthly Archives: October 2007
Federal Reserve cuts interest rates - a good sign for Irish mortgage customers?
100% Mortgages – The beginning of the end?
Several of the business sections of yesterday’s Sunday newspapers picked up on the recent decision by First Active and Ulster Bank (both part of the Royal Bank of Scotland Group) to tighten their lending criteria for 100% mortgages.
What’s happened?
Up to now, both of these banks would have lent 100% of the purchase price to any […]
Offset Mortgages - A valuable additional option or just a gimmick?
First Active has been the main promoter of Offset mortgages in recent years and they have had quite a degree of success.
But what is an Offset Mortgage?
The simple explanation is that your mortgage account is in effect combined with your current account. Any credit balance on your current account is used to reduce […]
I don’t know what a tracker mortgage is…
Hats off to Cawley NEA / TBWA for their Financial Regulator ad that was first shown just over one year ago.
It’s not often that a financial services ad achieves anything close to iconic status but this one possibly does and it was followed shortly afterwards by the hugely successful Bank of Scotland / Halifax series […]
New Partner in Gorey for Blue Sky Mortgages
The official launch of the new Blue Sky Mortgages partner office took place last night in Gorey.
Our new partners are Hughie Doyle and Michael McGovern who set up their financial services business under the Horizon Financial name about 18 months ago. They have already established themselves as one of the leading mortgage and insurance […]
Finance Ireland Exits Specialist Mortgage Market
The decision this week by Finance Ireland to sell their 40% stake in Nua Homeloans to their joint venture partner, Investec came as somewhat of a surprise in industry circles.
The good news for customers and for Irish mortgage brokers is that there is now the prospect of a minimum of six ’specialist’ mortgage lenders remaining […]
New Website Launched!
We would like your feedback!
Our new website launched today at 6.00pm. We hope you like some of the new content and features.
We also have some additional content and features to add over the coming weeks and the full version of the site will go live on 1st November 2007.
We would appreciate your comments.
Thanks
Self-Build Finance – Finding the Right Mortgage Partner
In the past, those who chose to build their own home found it more difficult to secure a mortgage than those purchasing ready built homes. However, the strong resale prices that are being achieved for self-build homes has meant that it is now much easier to arrange the required finance. In fact, lenders are […]

