The Government backed Mortgage Scheme for First Time Buyers is being rolled out at the moment. We have applied for accreditation under this scheme and we hope to have this in place in the next week or so.
Does it bring a lot to the table?
Not really, as it is not offering anything that isn’t […]
Monthly Archives: October 2008
Home Choice Loan
October 31, 2008 – 2:07 pm
Interest Rate Outlook
October 31, 2008 – 1:34 pm
Following on the recent 0.5% reduction on the ECB rate. The rumour mill is suggesting that another 0.5% reduction will be on the cards before Christmas…… roll on Santa Claus.
Budget 2008
October 20, 2008 – 2:27 pm
There was mixed news in Budget 2008 for mortgagors. First Time Buyers will see tax relief increase by 5% in year 1 & 2 and by 2.5% in years 3, 4 and 5. On a €250,000 loan this is a saving of approximately €55 per month and €27 per month respectively. Second Time Buyers on […]
Yes: Mortgages are still available
October 8, 2008 – 12:25 pm
Some people think that due to the current credit crunch mortgages are not available at the moment. This of course is not the case. Mortgage funds are still plentiful, however most banks have cut back the precentage loan they will offer. The 100% First Time Buyer Mortgage is not available any longer except for affordable housing […]
House prices down by almost 10%
October 8, 2008 – 12:24 pm
The latest Permanent tsb house price index (August 2008) shows that in the twelve months to August house prices fell by 9.9%. The twelve month fall to the end of July was 9.4%.Â
The average house price for August was €374,302 in Dublin €232,570 outside Dublin.
Interest Rates
October 8, 2008 – 12:24 pm
Hopefully the news will be good in relation to mortgage repayments before Christmas as most financial pundits are forecasting a drop in the ECB rate in December of 0.5%. This would be a reduction of approximately €42 per month for a €250,000 loan over 35 years……..fingers crossed its just the start of it…………..
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