-Blue Sky Financial reports major interest and urges developers banks, NAMA and Government to get on board-
In an Irish housing market that we’ve come to describe as beleaguered, one of the country’s leading mortgage franchises, Blue Sky Financial reports today that over eight thousand potential buyers have signed up to its recently launched “Rent […]
Author Archives: bluesky
NEWS RELEASE: Appetite nationwide for “Rent to Buy” housing Scheme
August 6, 2010 – 1:25 pm
RENT 2 BUY
March 3, 2010 – 11:27 am
The Blue Sky Rent 2 Buy register is attracting huge interest with potential buyers clearly of the same belief that prices will continue to fall over the next few years. There are over five thousand currently registered. We are hoping to have further discussions with several banks and NAMA with the hope that Rent 2 […]
Switching Mortgages
March 3, 2010 – 11:20 am
From Circa November 2009 there was an appetite from some lenders for mortgage switching however AIB has just announced that it is exiting this sector. KBC and HAVEN remain open for business with the former willing to pay €1,000 towards the costs.Permanent tsb recently announced another 0.5% increase for all their variable rate mortgage customers […]
Housing Market Review
March 3, 2010 – 11:12 am
The Permanent tsb house price index showed house prices down by over 31% from the market peak of 2007. As of now, however, there is anecdotal evidence to suggest that prices are down by almost 50% and for some new house developments it could even be as much as 60%.The main driving forces of this are […]
More interest rate reductions-but are you making them count
May 11, 2009 – 10:27 am
On May 7th the ECB announced a further 0.25% reduction in interest rates. Rates are now lower than ever before in Ireland so what can mortgagors do to benefit them in the long term.
If you can leave your repayment the same as you were paying before the rate decreased then this will shorten the term […]
Arrears
May 1, 2009 – 12:35 pm
Many Mortgage holders are concerned at their ability to pay their mortgage in the event of losing their job. While there is a lack of stipulation data there is a substancial amount of anecdotal evidence which suggests that the take up on Mortgage Repayment Protection is low. Customers are strongly advised to discuss the situation […]
House Prices
January 19, 2009 – 12:58 pm
Official figures show that house prices have dropped by approximately 11% in 2008. However, it would appear that they will continue to fall in 2009 particularly in the First Time Buyer sector. There is a large number of completed new builds for which sales have been very slow over the last eighteen months and poorly located […]
Home Choice Loan
October 31, 2008 – 2:07 pm
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 […]
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 […]
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